ACNB assignment 1
Table of Contents
INTRODUCTION 3
ABOUT THE CLIENT – THE WORLD AUTO LTD COMPANY 4
TASK 1.1 Explain the importance of the elements required for the information of a valid contract in the motor industry. 5
1.1.1. Agreement 5
1.1.2. Consideration 6
1.1.3. Intention to create the relations 7
1.1.4. Capacity 7
1.1.5. Privity of contract 8
1.2 Discuss the impact of different types of contract by providing explanations on comparison with local, export and distance buying modes 9
1.2.1. Written Contract 9
1.2.2. Verbal Contract 9
1.2.3. Distance Selling Contract 10
1.2.4. Modes of Contract 10
1.3 Analyze terms in contracts with reference to their meaning and effect in the motor industry 12
1.3.1 Condition 12
1.3.2 Warranty 12
1.3.3 Innominate term 13
1.3.4 Implied term 13
1.3.5 Express term 13
2.1 Apply the elements of contract in both cases business scenarios 14
Case 1: Warranty certificate 14
Case 2: Employment letter 15
2.2 Analyze the law of terms in the above two different contract. 16
Case 1: Warranty certificate 16
Case 2: Employment letter 18
2.3 Evaluate the effect of different terms in the two contracts 19
Case 1: Warranty certificate 19
Case 2: Employment letter: 20
CONCLUSION 21
Bibliography 22
INTRODUCTION
Commercial law provides the rules that merchants and others involved in commerce must follow as they conduct business amongst themselves and with consumers. It protects the fair of the relationship between two parties in business environment by the contract. The law plays an important role because of the diversity and complicacy in the marketplace. Business activities of any companies must obey the law and have legal transaction. Thus, commercial law consultants help their clients negotiate and enter into business deals.
In this report, I am a legal advisor in Clark Legal Recruitment and supporting for World Auto Company (WAC) in Vietnam, which is one of the famous company in producing motor in Europe and Vietnam, we must
INTRODUCTION 3
ABOUT THE CLIENT – THE WORLD AUTO LTD COMPANY 4
TASK 1.1 Explain the importance of the elements required for the information of a valid contract in the motor industry. 5
1.1.1. Agreement 5
1.1.2. Consideration 6
1.1.3. Intention to create the relations 7
1.1.4. Capacity 7
1.1.5. Privity of contract 8
1.2 Discuss the impact of different types of contract by providing explanations on comparison with local, export and distance buying modes 9
1.2.1. Written Contract 9
1.2.2. Verbal Contract 9
1.2.3. Distance Selling Contract 10
1.2.4. Modes of Contract 10
1.3 Analyze terms in contracts with reference to their meaning and effect in the motor industry 12
1.3.1 Condition 12
1.3.2 Warranty 12
1.3.3 Innominate term 13
1.3.4 Implied term 13
1.3.5 Express term 13
2.1 Apply the elements of contract in both cases business scenarios 14
Case 1: Warranty certificate 14
Case 2: Employment letter 15
2.2 Analyze the law of terms in the above two different contract. 16
Case 1: Warranty certificate 16
Case 2: Employment letter 18
2.3 Evaluate the effect of different terms in the two contracts 19
Case 1: Warranty certificate 19
Case 2: Employment letter: 20
CONCLUSION 21
Bibliography 22
INTRODUCTION
Commercial law provides the rules that merchants and others involved in commerce must follow as they conduct business amongst themselves and with consumers. It protects the fair of the relationship between two parties in business environment by the contract. The law plays an important role because of the diversity and complicacy in the marketplace. Business activities of any companies must obey the law and have legal transaction. Thus, commercial law consultants help their clients negotiate and enter into business deals.
In this report, I am a legal advisor in Clark Legal Recruitment and supporting for World Auto Company (WAC) in Vietnam, which is one of the famous company in producing motor in Europe and Vietnam, we must
Bibliography: (n.d.). Retrieved October 8, 2014, from lawmentor: http://www.lawmentor.co.uk/glossary/I/innominate-term/ (n.d.) (2003). Retrieved September 20, 2014, from The Law Essay Professional: http://www.lawteacher.net/ (2004) (2007). Retrieved September 2014, from E-lawresources: http://www.e-lawresources.co.uk/Intention-to-create-legal-relations.php (2007) (2013, June 30). Retrieved September 18, 2014, from The Law Handbook: http://www.lawhandbook.org.au/handbook/ch12s01s02.php Business standard O2. (n.d.). Retrieved October 11, 2014, from http://www.o2.co.uk/termsandconditions/business/standard-terms-and-conditions-business Riley, J Theguardian. (n.d.). Retrieved September 30, 2014, from http://www.theguardian.com/small-business-network/2013/feb/06/terms-and-conditions-small-business