Financial Literacy 20, 30
Course Configurations
FINL24
Module 24: Contracts (Core)
Outcome
Examine the components and legalities of financial contracts.
Indicators
| (a) | Provide examples of common financial contracts for goods and services such as cell phones, gaming program purchases and related electronic devices, vehicles, credit cards, warranties, housing, lines of credit and loans. |
| (b) | Identify the components of a financial contract (e.g., legal names and addresses of all parties; clear, detailed description of the goods or services to be provided; price and payment terms; and responsibilities). |
| (c) | Discuss the role of a guarantor such as a parent or guardian and the risks associated with being one. |
| (d) | Discuss the rights and responsibilities of the signatories of a financial contract. |
| (e) | Discuss how a salesperson of goods and services is paid (e.g., commission and salary/wage) and the how marketing psychology may influence the sales tactics used to secure financial contracts. |
| (f) | Examine factors that could lead to a breach of contract and the potential resulting consequences. |
| (g) | Investigate components such as subscription-renewals, termination and extended warranty information that are often included in the fine print of a financial contract and that are commonly misinterpreted or overlooked by the signer. |
| (h) | Construct contracts for fictitious scenarios. |
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R013066
Homebuying Step By Step: Your Guide to Buying a Home in Canada (Rev. ed.)
This downloadable guide to homebuying provides step by step information from start to finish when planning to purchase a home from a traditional lender such as a bank or mortgage broker. It also includes tips and tricks throughout the steps. This guide is periodically updated on the Canada Mortgage and Housing Corporation website.
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Homebuying Step By Step: Workbook and Checklists
Media and Formats :
Document
Price :
Free
Record posted/updated:
December 8, 2021
R007555
Money and Youth: A Guide to Financial Literacy
This Canadian textbook supports the Financial Literacy curriculum and provides information at a suitable introductory level. The resource is organized under six headings for a total of 15 modules. The headings include: Goals, Values and Decision-making; Getting and Earning Money; Spending Money and Taking Control; Borrowing Money and Using Credit; Saving and Investing Money; and Protecting Assets and Planning for the Future.
The resource includes:
- Student Guide, English or French, free online PDF version or hard copies can be ordered at a minimal fee
- Teacher's Guide, English or French, free online version
(More information)
Media and Formats :
Book
Document
Price :
Free PDF or print copies at a minimal fee.
Record posted/updated:
August 9, 2024