# CTE Resource Center - Verso - Principles of Business and Marketing NBEA Achievement Standards for Business Law Correlation by Task

CTE Resource Center - Verso

Virginia’s CTE Resource Center

NBEA Achievement Standards for Business Law Correlation by Task

In this course, the following tasks/competencies reinforce the standards listed beside them. Teachers may identify additional reinforcements in locally developed instructional materials.

Task/Competency Number Task/Competency Statement Standards
78 Identify the characteristics of a valid contract. NBEA Achievement Standards for Business Law: Demonstrate an understanding of the nature of a contractual relationship. ♦ Describe the various rules applied to the interpretation of contracts. ♦ Determine whether or not an agreement is definite enough to be enforced as a contract. ♦ Differentiate between classes of contracts (e.g., bilateral and unilateral, express and implied, and oral and written). ♦ Explain a minor's right to avoid a contract. ♦ Explain how offer and acceptance can create contractual rights and duties. ♦ Explain the nature of a contractual relationship. ♦ Explain the various rules applied to contracts involving third parties. ♦ Give examples of special rules that apply to sales contarcts that do not apply to other contracts.