CONSUMER LAW
Previously… Elements of a Contract The Need for Contracts Breaching a Contract Negotiating an Agreement Writing a Contract
Today’s Objectives Distinguish between the rights & responsibilities of landlords versus tenants. Distinguish between real and personal property. Identify the purpose of copyright and patent laws. Evaluate the functions of different types of insurance.
Landlords & Tenants
Landlord-Tenant Relationship If you rent ______ _______, such as an apartment or a house, you are a ___________. If you own _______ ________ and rent it to someone else, you are a ________. T ENANT L ANDLORD A ________ is the contract between a tenant and a landlord. In a lease, the _______ is the tenant and the ________ is the landlord.
The Lease Written agreement (contract) between ______ and _____ Creates _______- _______ relationship
Welcome to the courtroom, Honorable Judge (YOU) presiding! Landlord vs. Tenant
Landlord-Tenant Disputes Judges and Jury can decide: In favor of the Landlord In favor of the Tenant Can decide to make both parties responsible to take some action
To avoid potential problems Know your _____ and __________
The Tenant Peaceful ___________ Continued __________ Payment of _______ Abide by _____ of the ______ Avoid _______ R IGHTS R ESPONSIBILITIES
The Landlord Receive ________ of _____ Possession of the property in ______ condition at the ______ end Refrain from ____________ Maintain the __________ __________ Possession R IGHTS R ESPONSIBILITIES
Other Terms in a Lease ________ Deposit Assignment & ________ Option to ________
Eviction Can happen if you _______ your ______!
Real vs. Personal Property
Real Property The _________ and everything ________ attached to it Includes ________, fences, _______, soil, rocks, _______, etc.
Personal Property Everything other than ______ ________ that can be owned Includes ________ objects and __________ property Laws are different for real vs. personal property!
ACTIVITY Would you sign this lease?
Intellectual Property
An _______ work fixed in a _______ medium of expression Examples include: __________ Works of art _________ Logos
Patents A grant giving an inventor the ________ right to make, use, or sell an _______ for a certain period of time (usually __ years) Device must be _____ and consist of a ___ principle or idea
Copyrights A right granted to an _____, composer, _____________, or artist to ________ publish and ____ an artistic or literary work Protected for the _______ of the ______ plus ____ years Includes _____ items, computer ________, graphic arts, architectural _____, motion pictures, and _________ recordings
Trademarks A _________ mark, _________, or slogan used by a business to ______ and distinguish its _____ from products sold by others May consist of a _______, name, ______, or other device Exclusive right to use the particular _____, name, or ________ for ____ years and may be renewed Indicated by the ® ___________.
Insurance is an agreement in which one party (________) compensates another party (__________) for any ________. Purpose – ______ individuals and businesses against __________ by spreading the _____ of ______ among a large number of people Types of Insurance
Insurance Basics _______________– written contract between the buyer of insurance (insured / policy holder) and the insurance company (insurer) ____________ – amount of money the policyholder pays for insurance coverage; usually a monthly fee ____________ – payments by the insurer for losses covered in a policy _____________ – person named to receive the proceeds
Property Insurance Covers ________ or __________ of property Types of insurance include: ______ ________ _______ ____________
Automobile Insurance Drivers are legally required to carry ________ insurance _________ insurance covers claims for ________ or injuries made against a __________.
Homeowner’s / Renter’s Protects against _____ of both _______ and _________ property Includes _____, ______, ________, ________, and injuries __________ by others while on the property Usually does _____ include _________ damage
Life Insurance Provides __________ for losses due to a person’s _______ Cost of _______ is based on ______
Health Insurance Basic health insurance provides for _______ & outpatient _______ care, _________ care, ______, and prescription drugs Most people receive ________ insurance from their __________
Government Health Care _________ is a federally funded health insurance program for people who are covered by ______________. _________ is a health care plan for ___- __________ people.
Disability Insurance Pays benefits if the policyholder cannot ______ because of a ____________ Many employers provide basic __________ insurance _____-term and _____-term plans available
Medical Directive A Medical ________ is a set of written ________ that specify what actions should be taken for a person’s health if they are no ________ able to make ________ due to _______ or ____________.
Rights & Responsibilities of Landlords and Tenants Real vs. Personal Property Purpose of Copyright and Patent Laws Types of Insurance Summary