QUESTION OF THE DAY
10pts daily, due by the end of class.
Every day, class will start with a "Question of the Day". You should do your best to write a complete response (25 word minimum) to the question and EMAIL it to me. If you aren't sure about what to write, please ask! No credit will be given for late QODs, unless you were absent that day.
Monday, April 29: What is the rule about which contracts can be disaffirmed (and when) by minors … and other people lacking capacity?
Tuesday, April 30: Explain in your own words why CONSIDERATION & CAPACITY are important elements of a contract. If these elements are lacking, is the K valid, void, or voidable?
Wednesday, May 1: How do you feel about our test today? Are you comfortable with contract law so far?
Thursday, May 2: What is the fifth (and final) element of a contract? Explain what it means in your own words and give an example. Does this element make a contract valid, void, or voidable if missing?
Friday, May 3: Courts will not usually help individuals involved in illegal agreements. What are the FIVE EXCEPTIONS?
Monday. May 6: What are some of the situations when you think it’s a good idea to have a contract in writing? When do you think it's required?
Tuesday, May 7: What is “Parol Evidence”? Why is parol evidence usually not allowed in court? When might parol evidence be allowed?
Wednesday, May 8: In your opinion, what is the most important thing to remember about CONTRACTS?
Thursday, May 9: What’s the difference between a contractual RIGHT and a contractual DUTY?
Friday, May 10: Which types of rights can you transfer to others? Which types can’t you transfer?
Monday, May 13: The overwhelming majority of all contracts are discharged (completed) by FULL PERFORMANCE or SUBSTANTIAL PERFORMANCE. Why do you think this is so?
Tuesday, May 14: What is the difference between a MINOR BREACH and a MAJOR BREACH of contract?
Wednesday, May 15: What’s the most useful thing that you learned this year in FiFo?
Thursday, May 16: This is our last test! How are you feeling about rights & duties and breach & remedies?
Monday, May 20: It’s your last QOD … so you pick what you want to talk about.
The website links below are useful resources for any and all finance topics.
Yahoo Finance: //finance.yahoo.com
Google Finance: //finance.google.com
Market Watch: www.marketwatch.com
Investopedia (Info): www.investopedia.com
Finance Freak (Info): www.financefreak.com
Teen Analyst (Info): www.teenanalyst.com
Choose to Save (Resource): www.choosetosave.org
Manilla.com (Resource): www.manilla.com
Mint.com (Resource): www.mint.com
Treasury Direct (Resource): www.treasurydirect.gov
Tax Information for Students (Resource): //www.irs.gov/individuals/students/index.html
Ohio Society of CPAs: www.ohiocpa.com
American Institute of CPAs: www.aicpa.org
Start Here, Go Places: www.startheregoplaces.com
Feed the Pig: www.feedthepig.org
360 Degrees of Financial Literacy: www.360financialliteracy.org
Fast Company: www.fastcompany.com
Inc. Magazine: www.inc.com
Young Entrepreneur: www.youngentrepreneur.com