1.04 Contracts.

Slides:



Advertisements
Similar presentations
1.04 Contracts.
Advertisements

Contracts and Contract Law
B ELL R INGER WHAT DO YOU THINK MAKES A CONTRACT DIFFERENT FROM AN AGREEMENT?
FREE CONSENT To make a contract valid, not only consent is necessary, even it should also be free. In law of contract consent is said to be free if it.
Contract Presentation.. Offer and Acceptance Questions: 1.What are the requirements of an offer? 2.How are acceptances Created? 3.What are the elements.
Contracts. A contract… is any agreement enforceable by law.
 5 Parts to be Legal and Valid  Offer and Acceptance: Both parties bring something to the table to offer in a contract.
Essentials Of Business Law Chapter 6 Introduction To Contracts McGraw-Hill/Irwin Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 7 – How Contracts Arise
Importance for the healthcare professional to understand legal and ethical issues
How Contracts Arise Chapter 5 Business Law.
Nasca The taking back of an offer by the offeror is cancellation. consideration. rejection. revocation. revocation 100.
How to Manage your Money BUDGETS. What is Money Management Planning how to get the most from your money Why?? What???
INDIAN CONTRACT ACT HISTORY OF INDIAN CONTRACT ACT EEEEnforced w.e.f. September 1, AAAApplicable to whole of INDIA except J&K.
CONTRACT LAW. Promissory agreement between two or more persons that creates, modifies, or destroys a legal relation. Legally enforceable promise to do.
CONTRACTS. CHAPTER 4: What is a Contract? Contract is any agreement enforceable by law. Not all agreements are contracts Agreeing to take out the trash.
Contracts When someone tells verbal lies about you.
Section 4.1 Agreements and Contracts. Section 4.1 Agreements and Contracts.
 A contract is any agreement enforceable by law.  There are 3 theories behind contract law: 1. Equity Theory of Contract: whether parties to a contract.
Section 4.1 Agreements and Contracts Section 4.1 Agreements and Contracts A contract is any agreement enforceable by law.
Contracts. Formation of a Contract Mutual Assent (offer and acceptance) Consideration Capacity Legality.
How Contracts Arise Chapter #5.
How Contracts Arise What Are Contracts? Any agreement enforceable by law.
Ethics/Legal 6.02 Analyze contracts, privileged communications, and HIPPA.
What are the elements of a contract? There are 6 major requirements that must be satisfied before courts will treat a transaction as a legally enforceable.
THE INDIAN CONTRACT ACT, Section 2 (h) defines a contract as “ an agreement enforceable by law” Thus to make a contract there must be An agreement.
Chapter 5 How Contracts Arise. Contract: Any agreement enforceable at law.
CHAPTER 5 Contracts. Contract- is any agreement enforceable by law Offer- is a proposal by one party to another intended to create a legally binding agreement.
Contract Law.
Chapter 5—Section 1 Contracts I.Understanding Contract Law A. Formal documents that you sign when buying or selling a home, buying a vehicle, or purchasing.
© 2011 South-Western | Cengage Learning GOALS LESSON 2.1 CONTRACT LAW BASICS Name the six essential elements of a legally enforceable contract Identify.
Contract Law Forming a contract (The Elements) Validity Contract Types.
Understanding Business and Personal Law Contracts Section 5.1 How Contracts Arise Contract law  buyer/seller relationships, personal relationships, employment,
CONTRACTS Follow Along with your outline. HT06.02.
Business Law. T ODAY IN B USINESS L AW  Take 15 minutes to complete the Lawyer Webquest.  Elements of a contract  Contract assignment  Shark tank?
Contracts Chapter 23. Kinds of Civil Law TortsContracts What binds individuals Laws of society, as defined by statutes and precedents Specific Agreements.
1.04 Contracts.
Capacity Legality Consideration Offer Acceptance Genuine Agreement
Lesson 4.2 Agreements and Record Keeping
1.04 Contracts.
Legal and Ethical Responsibilities
1.04 Contracts.
Commission Structures and Essential Elements of Contracts
Contracts Lesson Two.
Contracts Think before you sign ….
1.04 Contracts.
Section 4.1 Agreements and Contracts. Section 4.1 Agreements and Contracts.
Chapter 5: How Contracts Arise
1.04 Contracts.
1.04 Contracts.
CONTRACTS Health Team Relations.
Contract Defined A contract is a legally-enforceable agreement between two or more parties.
CONTRACTS PRIVILEGED COMMUNICATION PRIVACY ACT
Contract & Its Kind Chapter 1.
1.04 Contracts.
Legal Aspects of business
LAW ELEMENTS OF A CONTRACT.
1.04 Contracts.
The Nature of a Contract
Business Law Rustemeyer
1.04:PP3 Contracts.
1.04 Contracts.
Lesson 7-1 Quiz Review.
CONTRACTS PRIVILEGED COMMUNICATION PRIVACY ACT
1.04 Contracts.
1.04 Contracts.
Contracts and Contract Law
Chapter 9 in the text. Gary Nelson
1.04 Contracts.
Presentation transcript:

1.04 Contracts

1.04 Understand legal and ethical issues -Contract- Agreement between two or more people. Enforceable by law. 1.04 Understand legal and ethical issues

Elements of a Contract -Offer- A proposal by one party to another indicating willingness to enter a contract. 1.04 Understand legal and ethical issues

Elements of a Contract -Offer- In healthcare, an individual enters into a relationship with a healthcare provider and offers to be a patient 1.04 Understand legal and ethical issues

Elements of a Contract -Acceptance- The willingness to go along with the offer. 1.04 Understand legal and ethical issues

Elements of a Contract -Acceptance- Healthcare provider gives an appointment, examines, or treats the patient. 1.04 Understand legal and ethical issues

Elements of a Contract -Genuine Agreement- Valid offer is met by a valid agreement 1.04 Understand legal and ethical issues

Elements of a Contract -Genuine Agreement- Fraud, misrepresentation or undue influence can destroy the genuine agreement. 1.04 Understand legal and ethical issues

Elements of a Contract -Capacity- The legal ability to enter a contract. 1.04 Understand legal and ethical issues

Elements of a Contract -Capacity- Legal Disability Individual who can not legally enter into a contract 1.04 Understand legal and ethical issues

Elements of a Contract -Capacity- Legal Disability Minors - younger than 18 years of age unless married Mentally incompetent Under the influence of drugs/alcohol Semi-conscious/unconscious 1.04 Understand legal and ethical issues 11

Elements of a Contract -Consideration- The thing of value promised in exchange for something else of value. Payment is made by the patient for the services received. 1.04 Understand legal and ethical issues

Elements of a Contract -Legality- Persons entering a contract cannot agree to do something that is illegal or forbidden by law. Ex: cannot agree to sell a kidney 1.04 Understand legal and ethical issues

1.04 Understand legal and ethical issues Types of Contracts Implied contracts – non-verbal agreement of understanding Expressed contracts – state the terms of the agreement in distinct and clear language, either oral or written Implied contract – May be difficult to prove that the contract was formed. Ex. Visit to the doctor with understanding that the patient will pay for services. Expressed contract – easier to hold the parties accountable if the contract is written. 1.04 Understand legal and ethical issues

Healthcare Contract -Informed Consent- The patient or their healthcare power of attorney gives written permission for a treatment or procedure, based on a clear understanding of desired outcomes and possible complications. Informed consent is an essential component of a healthcare contract. Permission can be withdrawn at any time. No procedure should be done without consent. 1.04 Understand legal and ethical issues