Report On Aspects Of Contract To Imply Legislation In Corporate

ASPECTS OF CONTRACT
AND NEGLIGENCE FOR
BUSINESS

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1................................................................................................................................................1
1.2................................................................................................................................................2
1.3................................................................................................................................................3
TASK 2............................................................................................................................................4
2.1................................................................................................................................................4
2.2................................................................................................................................................5
TASK 3............................................................................................................................................8
3.1................................................................................................................................................8
3.2................................................................................................................................................9
3.3................................................................................................................................................9
TASK 4..........................................................................................................................................10
4.1..............................................................................................................................................10

CONCLUSION ............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
The various types of businesses are built up after complying various contracts that
defines the relationship between owner and stakeholders of business. The contracts have a
number of aspects that define several rules and regulations that should be followed in the
business. These rules are made under judicial law according to which every person of corporate
world is abided. The present report is based on such aspects of contract which implies assorted
legislations that are use in corporate business world (Freedland and et.al., 2016). The report will
discuss different laws in context of several scenarios which will help in understanding
application of these acts in practical situations. The business environment is composed of laws
like law of tort, negligence and so on which give rise to diverse relationships. These relationships
are defined in contracts so that each person knows his/ her limits. In case of breaching the
contracts, the law decides about such cases. The report will carry out a study on all such cases so
that necessary legislations in different scenarios along with their applicability can be understood.
Moreover, different terms that are used in law will be focussed so that their way of
implementation can be interpreted in terms of various situations.
TASK 1
1.1
The contract is formed with the association of two or more than two persons who give
their free consent for inception of a legal agreement. The contracting parties involved are termed
as offerer and offerre in which the former term is used for the person who implies the intention
of making a contract by offering something to another person (Friedman, 2011). While the later
term is used for person who gives the consent in response to offer made. To accomplish the
contract in a proper way it should also have a valuable consideration. In case of Peter Abraham,
to give him a proper guidance about contracts and its different contents, following section will
help him:
 Offer: The offer implies intention of a person to commence a contract. With this
intention, the person makes an offer to another individual or group of persons to form a
contract. The offer should also have the true intentions of entering into a contract which
otherwise will not be taken as a contract. So, Peter should take in note that by offering
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