Period 2: Contracts/Warranties/Credit Test Day - Class Recap

ATTENTION: Today, Thursday, December 19th, Beaverton School District will be operating with a Two Hour Delay due to icy conditions. Please check out the updated bell schedule for Westview here. See you later!

Buckingham Palace, in London, where the Queen resides.

Hi everyone,

Congratulations! If you took the test today in class, you have one less thing to worry about before Winter Break. I am looking forward to going through them and seeing how well everyone did. I hope it was not too difficult - it should not have been, if you studied the review sheet!

Soundtrack: "Kings and Queens" by 30 Seconds to Mars. Selected for today because it is a sort of pump up song for ESPN's tennis coverage and because I hope you are feeling like Kings and Queens now that you are done with the test! Lyrics here.

AGENDA 12/17/13:
Tort Reports
Test
Independent Study

Homework: Bring completed notebook to turn in next class (see below for what you need to have)! Read the blog! Next tort report assigned to: Austin.
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Tort Reports: Randi selected this article to talk about with the class, of a case involving a frivolous lawsuit: WashingtonPost.com - Man who said he fell on banana peel in Metro station accused of fraud; had seen camera.

Alekzander chose this story to recap: Lawhaha.com - Plaintiffs Say “Boo!” to Haunted Halloween Tort Immunity.

Thank you both!

Test: As promised. And hopefully, as prepared for. I got the sense that this was pretty easy for students that prepared. At least, we had a high rate of students turning the test in with plenty of time to go in the class. I tried to make it a little more simple than in the past.

Independent Study: The rest of the class was devoted to quiet work on completing your notebook, or on work for other classes if you were already finished. Here's what you need to have for next class:

Notebook Check #3:

Chapter 23 (Contracts): Definitions and Answers to 23.1-4
Chapter 24 (Warranties): Definitions and Answers to 24.1-3
Chapter 25 (Credit): Definitions and Answers to 25.1-3 and 7
"The Madoff Affair" Answers

If you did not see the Madoff Affair in class, here it is to watch online. The questions are:
1. How did Bernie Madoff’s scheme work?
2. What was the promised return on investment, per year?
3. What is the “frontrunning” fraud for market makers?
4. How did Madoff originally get cleared by the Securities and Exchange Commission?
5. What were some of the lawsuits that came out of the Madoff fraud being discovered?