Project+5-Types+of+Consideration

Project 5 - Types of Consideration

Students will create a PowerPoint presentation that defines consideration and the key terms in this lesson. The presentation should give examples of binding consideration and actions that do not represent consideration. Following this, students will analyze two cases and post their responses in the PowerPoint presentation. This project will be evaluated with the corresponding rubric.

Cases for Consideration: 1. Sally attended a mineral show with her grandparents. She purchased several different crystal-like stones at the show. One stone was purchased from Jones for the marked price of $5. Later the stone was identified as a diamond, valued at more than $50,000. Jones sued to recover the stone, stating that he had not received proper consideration for the purchase. Can Jones legally collect his claim? Why or why not?

2. A four-piece high school rock band practiced for at least one hour most days of the week. The practice studio was a cramped one-car garage of the drummer’s home. Several neighbors offered to pay the rent at a local warehouse as a practice studio for a year if the band agreed to stop practicing at the drummer’s home. The warehouse was much larger than the garage and the band members agreed to the offer made by neighbors. Did the neighbors receive consideration? Did the rock band receive a benefit; endure a detriment, both, or neither? Was the contract enforceable? Why or why not?


 * **CATEGORY** || **20** || **15** || **10** || **5 or less** ||
 * **Content** || Covers topic in-depth with details and examples. Subject knowledge is excellent. || Includes essential knowledge about the topic. Subject knowledge appears to be good. || Includes essential information about the topic but there are 1-2 factual errors. || Content is minimal or there are several factual errors. ||
 * **Presentation** || Well-rehearsed with smooth delivery that holds audience attention. || Rehearsed with fairly smooth delivery that holds audience attention most of the time. || Delivery not smooth, but able to maintain interest of the audience most of the time. || Delivery not smooth and audience attention often lost. ||
 * **Requirements** || All requirements are met and exceeded. || All requirements are met. || One requirement was not completely met. || More than one requirement was not completely met. ||
 * **Organization** || Content is well organized using headings or bulleted lists to group related material. || Uses headings or bulleted lists to organize, but the overall organization of topics appears flawed. || Content is logically organized for the most part. || There was no clear or logical organizational structure, just lots of facts. ||
 * **Originality** || <span style="font-family: Arial,Arial;">Product shows a large amount of original thought. Ideas are creative and inventive. || <span style="font-family: Arial,Arial;">Product shows some original thought. Work shows new ideas and insights. || <span style="font-family: Arial,Arial;">Uses other people's ideas (giving them credit), but there is little evidence of original thinking. || <span style="font-family: Arial,Arial;">Uses other people's ideas, but does not give them credit. ||