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Aspects of Contract & Negligence in Business : Report

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Added on  2020-01-21

Aspects of Contract & Negligence in Business : Report

   Added on 2020-01-21

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Aspects of Contract & Negligencein Business1
Aspects of Contract & Negligence in Business : Report_1
TABLE OF CONTENTSINTRODUCTION ..........................................................................................................................4TASK 1............................................................................................................................................41.1 Elements of valid contract.....................................................................................................41.2 Different types of contract and their impacts.........................................................................51.3 Difference among the following terms..................................................................................5TASK 2............................................................................................................................................62.1 Elements of contract.............................................................................................................62.3 'Implied terms' as regards to contract.....................................................................................6TASK 3............................................................................................................................................63.1 Key areas of liability under tort and contract and their differences.......................................63.2 Nature of liability and 'Duty of care'......................................................................................7TASK 4............................................................................................................................................83.3 How company can be vicarious liable...................................................................................84.1.................................................................................................................................................94.2 Case Scenario.........................................................................................................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................102
Aspects of Contract & Negligence in Business : Report_2
INTRODUCTIONGovernment has imposed different contractual and negligence laws that focus onproviding standard guidelines to the business enterprise so that they can perform their activitiesin an effective manner (Rose, 2009). Further, the guidelines provided by government aremandatory for parties who are agreeing into the valid contract so that in the situation of injury ordamage, they can provide remedies to innocent parties. Present report focuses on highlighting theessential elements that need to be focused by parties to formulate a valid contract. Further, reportwill also focus on highlighting the key difference between the liability in contract with theliability in tort. TASK 1Case Scenario,The case scenario states that Luis asks his worker Peter to drive his pet dog, Tiger fromLondon to Paris but he has not given any reply to Luis. After three days, Peter drove Tiger fromLondon to Paris in car. While arriving in Paris, Tiger was dehydrated and had been taken toanimal hospital. This required Luis to pay £500 in the hospital. 1.1 Elements of valid contractThrough considering the above scenario, there has been no contract formed between Luisand Peter. When Luis says to Peter for driving his pet from London to Paris, in such a situation,Peter has said nothing. Therefore, according to law, silence of one party is not considered asacceptance. There are different elements that result in formulating valid contract which are-Offer- The key element for formulating a valid contract must ensure proper offer by oneparty. As per the above case scenario, Luis offers Peter to pay £2000 if he takes his dog Tigerfrom London to Paris.Acceptance- Another element that is essential for a valid contract include properacceptance of offer by the other party. In the above case scenario, offer is provided by Luis but inreturn, Peter has not said anything (Owen, 2007). Therefore, in the eyes of law, silence is notconsidered as acceptance of offer. 3
Aspects of Contract & Negligence in Business : Report_3

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