Financial Literacy 20, 30

(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.