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Principles of Liability - PDF

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Added on  2020-01-28

Principles of Liability - PDF

   Added on 2020-01-28

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Principles of Liability - PDF_1
Contract NegligenceTable of ContentsIntroduction.................................................................................................................................................3LO 1............................................................................................................................................................4Importance of a valid contract.................................................................................................................4Elements required forming a valid contract.............................................................................................4Different types of contracts.....................................................................................................................5Terms in contracts...................................................................................................................................5LO 2............................................................................................................................................................6Application of the elements of contracts in business situations...............................................................6Application of the law of terms of the contracts......................................................................................6Evaluation of the impact of the different terms........................................................................................7LO 3............................................................................................................................................................7Principles of liability...............................................................................................................................7Tort with contractual liability..................................................................................................................8Nature of liability....................................................................................................................................9LO 4............................................................................................................................................................9Principle of liability on the business situations........................................................................................9Impact or tort of negligence...................................................................................................................10Impact of vicarious liability in the business...........................................................................................11Conclusion.................................................................................................................................................12References.................................................................................................................................................13Page 2 of 13
Principles of Liability - PDF_2
Contract NegligenceIntroductionEach and every essential task of any company is always depended on some contracts. The dealers of the company deal with the management of the company by some certain and specific contracts. The stakeholders of the company trade with the company by some contracts. Thus the contracts that the company or the management of the company has with the other organizational department determine the future of the company or the business of the organization. These contracts have a certain deadline and certain regulations that both the company and the dealers orthe stakeholders of the company has to follow for the success of the contract. The following report deals with the various aspects of the negligence of the contracts of the management of the company. The report will provide information on the importance of the contracts and how the employees and the management of the organization will react if there is any negligence of the contracts. On the other hand, what consequences the management of the company and the dealers or the stakeholders of the company would have to face if there is any negligence of the contracts are also mentioned in the further report. If the management of the organization is willing to run their business successful, then they have to be dependent on the contracts of the company, and they have to get rid of the contractual negligence for the improvement of the business of the organization. Page 3 of 13
Principles of Liability - PDF_3
Contract NegligenceLO 1Importance of a valid contractThe business of any company is always full of many agreements and responsibility. Verbal communication or verbal agreements do not have much importance in the professional field. Thus whenever a company or the management of the company makes an agreement with anotherorganization or an individual, it is severely important for that particular company to be dependent on a certain and specific contract. Thus a valid contract can assure some business dealor individual deal between the management of the company and the other organizations or the individuals with whom the contract is(Becken and Hay, 2007). This also gives the management of the company an assurance of the deal as the contract cannot be broken by any of the two parties otherwise they would have to face some legal issues.Elements required forming a valid contractThere are some elements which are needed for the formation of a valid contract. A business contract can only be formed when the two parties are agreed on the business deal. If one of the parties is against the deal, no law can force him or her to sign the contract. Political influence on the contract is also a notable point(Hall, 2007). There is much legal legislation related to the business contracts which the management of the company should be aware of before signing the contract. After the signing of the contract, it is the judiciary of the country or the place, who will activate the contract and set the deadline of the contract.Page 4 of 13
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