1. CONSUMER LAW

2. Previously…  Elements of a Contract  The Need for Contracts  Breaching a Contract  Negotiating an Agreement  Writing a Contract

3. 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.

4. Landlords & Tenants

5. 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.

6. The Lease  Written agreement (contract) between ______ and _____  Creates _______- _______ relationship

7. Welcome to the courtroom, Honorable Judge (YOU) presiding! Landlord vs. Tenant

8. 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

9. To avoid potential problems  Know your _____ and  __________

10. The Tenant  Peaceful ___________  Continued __________  Payment of _______  Abide by _____ of the ______  Avoid _______ R IGHTS R ESPONSIBILITIES

11. The Landlord  Receive ________ of _____  Possession of the property in ______ condition at the ______ end  Refrain from ____________  Maintain the __________  __________ Possession R IGHTS R ESPONSIBILITIES

12. Other Terms in a Lease  ________ Deposit  Assignment & ________  Option to ________

13. Eviction Can happen if you _______ your ______!

14. Real vs. Personal Property

15. Real Property  The _________ and everything ________ attached to it  Includes ________, fences, _______, soil, rocks, _______, etc.

16. Personal Property  Everything other than ______ ________ that can be owned  Includes ________ objects and __________ property Laws are different for real vs. personal property!

17. ACTIVITY Would you sign this lease?

18. Intellectual Property

19.  An _______ work fixed in a _______ medium of expression  Examples include:  __________  Works of art  _________  Logos

20. 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

21. 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

22. 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 ® ___________.

23. 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

24. 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

25. Property Insurance  Covers ________ or __________ of property  Types of insurance include:  ______  ________  _______  ____________

26. Automobile Insurance  Drivers are legally required to carry ________ insurance  _________ insurance covers claims for ________ or injuries made against a __________.

27. Homeowner’s / Renter’s  Protects against _____ of both _______ and _________ property  Includes _____, ______, ________, ________, and injuries __________ by others while on the property  Usually does _____ include _________ damage

28. Life Insurance  Provides __________ for losses due to a person’s _______  Cost of _______ is based on ______

29. Health Insurance  Basic health insurance provides for _______ & outpatient _______ care, _________ care, ______, and prescription drugs  Most people receive ________ insurance from their __________

30. Government Health Care  _________ is a federally funded health insurance program for people who are covered by ______________.  _________ is a health care plan for ___- __________ people.

31. Disability Insurance  Pays benefits if the policyholder cannot ______ because of a ____________  Many employers provide basic __________ insurance  _____-term and _____-term plans available

32. 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 ____________.

33. Rights & Responsibilities of Landlords and Tenants Real vs. Personal Property Purpose of Copyright and Patent Laws Types of Insurance Summary