Business Law: Contracts & Vicarious Liability
Added on 2020-02-03
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ASPECTS OF LAW
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1...........................................................................................................................................31.2...........................................................................................................................................52.1...........................................................................................................................................5D1...........................................................................................................................................6TASK 2............................................................................................................................................61.3...........................................................................................................................................62.2...........................................................................................................................................72.3...........................................................................................................................................7M2...........................................................................................................................................8TASK 3............................................................................................................................................84.1...........................................................................................................................................83.1...........................................................................................................................................83.2...........................................................................................................................................9TASK 4............................................................................................................................................93.3...........................................................................................................................................94.2.........................................................................................................................................10D3.........................................................................................................................................10CONCLUSIONS............................................................................................................................10REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness law is very important aspect in order to survive business activities and functionsin a proper and legal manner. UK government has been formulated some kind of legal rules andregulation which have to followed by every business organisation in order to make agreementvalid. The government liability and regulation has formulated by civil law that assist inregulating the business contracts and agreement. In the context of business law, contract is anagreement which is enforceable by law (Cross and Miller, 2011). It is an agreement which madebetween two or more than two parties. Company's operation and brand name is highly affectedby the UK governmental law and regulation. In this project reports , legal agreement andregulation has been addressed with respect of various scenario. This project report gives a depthknowledge and understanding about the law and legal obligation of the business enterprise. Inaddition to this, various elements of contract and nature of liability in negligence has alsodiscussed in this report.TASK 11.1In the context of business law, all agreements are not a contract but all contract re anagreement. A legal agreement must possess all essential elements of valid contract and it isenforceable by law. According to the UK government in a valid contract all essential elementsmust included and parties who are involve in the contract must know the terms of valid contract.Following are some elements of valid contracts-Proper offer- As per the UK government, when between two parties a legal contract aregoing to create then there must be a proper offer. It mean one party offers for develop acontract to another party. Offer is a proposal by one party which includes expression ofterms and condition of contract (Cross and Miller, 2011). The person who develop offeris called as offerer and a person to whom the offer is being made is called offeree.Proper acceptance- According to business law if one person offer another to caret a legalcontract then there must requires a proper acceptance. It may be oral or written and musthave includes legal terms and conditions (Bix, 2011). Offer is being followed buy onlylegal acceptance of other parties who accept the offer. The offer should be accepted
unconditionally because if any additional condition added by offeree than contract beingmade as counter offer.Intension to create legal relationship- As per the UK government, in the legal contract,both party have intension to create legal relationship while they enter in to the validcontract. Further both parties make sure that they are not involves another outsidepressure and influence.Capacity to enter into contract- Another major important element of valid contract iscapacity. There must have capacity of both parties to enter into contract. It means bothparties should have ability to implies the legal rights assigned to form the valid contract.Further both parties have age of majority and in sound mind.Free consent- As per this state of valid contract, both parties have free consent to enterin to the contract. It means they are not caused by fraud, misrepresentation, coercion,undue influence and mistake (Isaksson and et.al., 2010). If the consent of both parties isnot free the no valid contract comes into existence.An invitation to treatThe concept of invitation of treat is that under which person offer certain things or services toanother person in intension to entertain them. This type of contract is most often used when oneparty is selling and handling goods on behalf of another. As per the given case scenario, Williomwants to create contract by sell its shop so that he advertise his business in a specialist tradejournal. So it can be said that William comes in to the invitation to treat (Bix, 2011).1.2As per the UK government, there are various types of contract and they are made for differentintension. These contract are as follows-Written and verbal contract- Written contract is a contract under which terms andconditions are written on paper (Bix, 2011). Further under this not only promise made onit but also serve as its proof that the promise to be made. Written contract is most safeand secure form of making contract because all terms and condition are made in writtenform and both parties put their signature on the contract documents. On the other handverbal contract are generally made between both parties by use of words and expression
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