Contract and Negligence for Business 1 Introduction

Aspects of Contract and Negligence for Business

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Table of Contents
Introduction .....................................................................................................................................
4
Task 1 ..............................................................................................................................................
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LO1 Explain the essential elements of a valid contract in a business context
............................ 5
1.1 Explain to Peter Abraham how a contract is formed and the importance of the
various elements which has to be present to form a contract
............................................................... 5
1.2 Discuss the impact of forming contracts (as it may apply to Peter Abraham) by
various means
....................................................................................................................................... 5
1.3 Give analyses of the following terms in contracts with reference to their meaning
and effect
........................................................................................................................................ 6
Task 2 ..............................................................................................................................................
8
LO2 Apply the elements of a contract in business situations .....................................................
8
Case 1 ......................................................................................................................................
8
Case 2 ......................................................................................................................................
8
2.2 Apply the law on terms in the following contracts............................................................
9
Case 3 ......................................................................................................................................
9
Case 4 ......................................................................................................................................
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2.3 Evaluate the effect of different terms in the given contracts
............................................. 9
Case 5 ......................................................................................................................................
9
Case 6 ....................................................................................................................................
10
Task 3 ............................................................................................................................................
10
LO3 Explain the principles of liability in negligence in business activities .............................
10
3.1 Explain the similarities and differences (contrast) of liability in tort with
contractual liability using an example
...................................................................................................... 10
3.2 Explain using suitable example how liability for negligence can arise and the
conditions needed to be met for a claimant to successfully prove negligence
........................................ 11
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3.3 Explain what vicarious liability means and how a business such as your organisation
can become vicariously liable giving example
............................................................................ 11
Task 4 ............................................................................................................................................ 13
LO4 Apply the principles of liability in negligence in business situations ...............................
13
4.1 Apply the elements of the tort of negligence and defences in the given business scenarios
............................................................................................................................................... 13
Case 7 .................................................................................................................................... 13
4.2 Apply the elements of vicarious liability in given business situations ............................ 13
Case 8 .................................................................................................................................... 13
Case 9 .................................................................................................................................... 14
References ..................................................................................................................................... 15

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Introduction
When any agreement is enforced by rules and laws then it turns into a contract. All kind of
contract can be considered as agreements but all agreements cannot be considered as contracts.
There present different valid rudiments that are essential in an agreement for converting it into a
contract. The rules and laws can be conveyed as the collection of guidelines that are simply
developed with the help of authority of state and government of the state. On the basis of the
business framework, there presents various kinds of rules and laws but still the quite vastly used
rules and laws into the business are the contract laws. Now a day, inattentiveness is
increasing day by day in a rapid manner in the business world, so it has become a
phenomenon of compensating people in the conditions of business. Here in this paper, the
researcher has reflects the essential rudiments that are essential in order to create a lawful
contract through the help of rudiments that involved within the contract during the period of
different separate business situations.