1. CONSUMER LAW Business Law

2. Today’s Lesson  We will distinguish between the rights & responsibilities of landlords and tenants.  We will also distinguish between real and personal property.  Compare the responsibilities of the landlord to the rights of the tenant. What are some examples?  In what legal document are the rights and responsibilities outlined?  What is the difference between real property and personal property? Objective Essential Questions

3. Landlords & Tenants

4. Landlord-Tenant Relationship  If you rent real property, such as an apartment or a house, you are a tenant.  If you own real property and rent it to someone else, you are a landlord. T ENANT L ANDLORD A lease is the contract between a tenant and a landlord. In a lease, the lessee is the tenant and the lessor is the landlord.

5. The Lease  Written agreement (contract) between lessor and lessee  Creates landlord- tenant relationship

6. Group Activity! Landlord vs. Tenant

7. The Tenant  Peaceful possession  Continued occupancy  Payment of Rent  Abide by Terms of the Lease  Avoid Waste R IGHTS R ESPONSIBILITIES

8. The Landlord  Receive payment of rent  Possession of the property in good condition at the term’s end  Refrain from Discrimination  Maintain the Premises  Peaceful Possession R IGHTS R ESPONSIBILITIES

9. Other Terms in a Lease  Security Deposit  Assignment & Subletting  Option to Renew

10. Real vs. Personal Property

11. Real Property  The ground and everything permanently attached to it  Includes buildings, fences, trees, soil, rocks, minerals, etc.

12. Personal Property  Everything other than real property that can be owned  Includes moveable objects and intangible property Laws are different for real vs. personal property!

13. Closing Task #1 1) List an example of a tenant right / landlord responsibility. 2) List an example of a landlord right / tenant responsibility. 3) Explain the difference between real property and personal property, and provide an example of each.

14. BRO Time – Consumer Law (Day #2) Individual Worksheet Would you sign this lease?

15. Today’s Lesson  We will identify the purpose of copyright and patent laws.  What are examples of laws related to copyrights and patents?  How is intellectual property protected – what rights are given to owners? Objective Essential Questions

16. Day #2 of Consumer Law Intellectual Property

17.  An original work fixed in a tangible medium of expression  Examples include:  Inventions  Works of art  Software  Logos

18. Patents  A grant giving an inventor the exclusive right to make, use, or sell an invention for a certain period of time (usually 20 years)  Device must be useful and consist of a new principle or idea

19. Copyrights  A right granted to an author, composer, photographer, or artist to exclusively publish and sell an artistic or literary work  Protected for the lifetime of the author plus 70 years  Includes printed items, computer software, graphic arts, architectural designs, motion pictures, and sound recordings

20. Trademarks  A distinctive mark, symbol, or slogan used by a business to identify and distinguish its goods from products sold by others  May consist of a word, name, symbol, or other device  Exclusive right to use the particular word, name, or symbol for 10 years and may be renewed  Indicated by the ® symbol

21. Article & Questions (Worksheet) Music & Lyrics Activity Music as Intellectual Property

22. Closing Task #2 1) List and describe an examples of a law related to copyrights and patents. 2) Explain the difference between copyrights and patents. 3) Describe the legal protections afforded to the owner of a copyright.

23. Today’s Lesson  We will evaluate the functions of different types of insurance.  What are examples of common types of insurance?  What is the purpose of having insurance coverage? Objective Essential Questions

24. Insurance is an agreement in which one party (insurer) compensates another party (insured) for any losses. Purpose – protect individuals and businesses against losses by spreading the risks of loss among a large number of people Types of Insurance

25. Insurance Basics  Insurance Policy – written contract between the buyer of insurance (insured / policy holder) and the insurance company (insurer)  Premium – amount of money the policyholder pays for insurance coverage; usually a monthly fee  Proceeds – payments by the insurer for losses covered in a policy  Beneficiary – person named to receive the proceeds

26. Property Insurance  Covers damage or destruction of property  Types of insurance include:  Car  Home  Boat  Personal items

27. Automobile Insurance  Drivers are legally required to carry liability insurance  Liability insurance covers claims for damages or injuries made against a policyholder

28. Homeowner’s / Renter’s  Protects against loss of both real and personal property  Includes fire, wind, vandalism, burglary, and injuries suffered by others while on the property  Usually does not include flood damage

29. Life Insurance  Provides compensation for losses due to a person’s death  Cost of insurance is based on risk

30. Health Insurance  Basic health insurance provides for inpatient & outpatient hospital care, physician care, surgery, and prescription drugs  Most people receive group insurance from their employer

31. Government Health Care  Medicare is a federally funded health insurance program for people who are covered by Social Security.  Medicaid is a health care plan for low- income people.

32. Disability Insurance  Pays benefits if the policyholder cannot work because of a disability  Many employers provide basic disability insurance  Short-term and long- term plans available

33. Closing Task #3 1) List two examples of types of insurance that most consumers in the U.S. receive through their employers. 2) List two examples of types of insurance that consumers typically have and purchase privately (on their own). 3) Explain the concept of insurance coverage – how does it work?