Negligence of Contract in Business | Report

Added on -2020-02-17

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Comments [1.1-1.3 Fine; 2.1 & 2.2 also Fine. But 2.3 is to be concluded as suggested; 3.1 to3.3 to be rewritten by answering the questions as required. After this he MUST submitdirectly on e-learning as it will get a PASS] Aspects of Contract and Negligence for Business1
Table of ContentsIntroduction......................................................................................................................................2Task 1...............................................................................................................................................3LO1 Essential elements to form a valid contract in situations of business..................................31.1.The formation of a valid contract is also the importance of the various essential elementsvested in an agreement to make it a contract............................................................................31.2...........................................Discuss the influence of contracts formed by diffrerent means...................................................................................................................................................41.3.......Effective analyses of various terms of contracts in light with their meaning as well aseffect.........................................................................................................................................5Task 2...............................................................................................................................................6LO2 Application of essential elements of a valid contract in business scenario.........................62.1 Apply the elements of contract in the given business scenarios below..............................6Case 1 – Agreement in contract...............................................................................................6Case 2 – Consideration in a valid contract...............................................................................72.2 Apply the terms of law in the following contracts.............................................................7Case 3 – Exclusion clause........................................................................................................7Case 4 – Implied term..............................................................................................................82.3 Evaluate the impact of different specific terms of a given contract...................................8Case 5.......................................................................................................................................8Case 6.......................................................................................................................................9Task 3...............................................................................................................................................9LO3 the basic principles to incur liability for negligence in business related activities..............93.1....... Explain a comparison between tortuous liability with contractual liability after usingsubstantive examples................................................................................................................92
3.2. .Explain using suitable example how liability for negligence can arise and the conditionsneeded to be met for a claimant to successfully prove negligence........................................103.3...........Explain the concept of vicarious liability and how a business organization may getaffected by it and become vicariously liable by suitable examples example.........................10Task 4.............................................................................................................................................11LO4 Application of essentials of liability in negligence in different business scenario............114.1 Application of elements negligence in tort and their defences also ................................11Case 7.....................................................................................................................................114.2 Apply vicarious liability elements in provided business situations.................................11Case 8.....................................................................................................................................11Case 9.....................................................................................................................................12References......................................................................................................................................133
IntroductionTo Form an agreement, it is essential that it is communicable under law to become a validcontract. All contracts can be termed as agreements but all agreements cannot be termed ascontracts as some of the agreements are not enforceable under law and thus becomes void. Thereare certain elements which are supposed to be compulsory to construct an agreement and convertit into a contract. Law can be measured in business contracts as the guidelines and principlesmade and also regulated and authorized by the central as well as state governments.Thesecorporation bodies many times should be held responsible to develop and enforce a law in adefinite jurisdiction of business. A contract in business is nothing but a promise of fulfillingconditions through an official document under the business law which must be lawful andenforceable. Within the jurisdiction of business context, there are many laws available but themost common and widely used law is contract law. A contract can also be termed as thecommitment of an individual or a partnership firm or any business bodies that is commenced forthe transactions of their resources. An oral contract can be implemented in business firms but awritten document about the contract solidifies its nature and its operations. A written documentabout the legal procedures is essential as it states the expectations and promises done by both theparties in a legal and lawful document. This report is developed to have the information about the negligence of contract inbusiness. It will examine the principles and elements of the business law that are required todevelop a lawful contract under different business scenarios. The study will provide theinformation about the liability in the law of tort and its characteristics. It will also outline the aimand objectives of tort along with two different aspects, namely, vicarious liability andnegligence. This discourse is prepared to determine the essential fundamentals that are requiredto develop a lawful contract and the liability of the parties during the negligence of business. 4

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