Understand the essential elements of a valid contract in a business context
Task 1.1: Describe the essential elements of a contract.
Should a contract have all those elements to be legally enforceable?
What will happen if one of the elements was missing in an otherwise valid contract? (LO 1.1)
Task 1.2: Is it possible to have a contract without face to face contact?
Discuss. (LO 1.2)
Section 1
(LO 1)
Task 1.3: [Refer to the case Carlill v Carbolic Smoke Ball Co (1893) for answering this part.]
Explain the effect of the words in the advertisement placed by the company informing the readers that it had placed £1000 with the Alliance Bank to meet any possible claim.
(Total 500 words)
***FINAL SUBMISSION FOR TASK 1 : WEEK 4
RECOMMENDED RESOURCES
Sawyer M, (ed) – The UK Economy: A Manual of Applied
Economics, 16th edition (OUP Oxford; 2004) ISBN:
9780199266517
1. Elements of the law of contract by C.A. MacMillan and
R. Stone
University of London , LLB studies
BOOKS
2. Contract Law by Ewan McKendrick
3. Obligations: CONTRACT LAW : Editor V. Krishnan
Old Bailey Press
Journal of Contract Law
New Law Journal - Law Society
JOURNALS
Modern Law Review
Harvard Business Review (Harvard Business Publishing)
The Economist (The Economist Newspaper Ltd)
The broadsheet newspapers have daily business sections. Many legal developments and business stories will appear in the news sections. www.hmso.gov.uk/acts.htm - full text of UK Acts www.parliament.uk/parliament/sitemap.htm legislative information www.butterworths.co.uk/academic/casenotes.htm legal information and case updates. www.thetimes.co.uk/ Daily law reports www.lawcom.gov.uk website of law commission. www.business-link.gov.uk www.12image.com www.businessballs.com www.globethics.net www.direct.gov.uk/en/index.htm the government’s portal
WEBSITES
www.berr.gov.uk has sections on business support, Europe,
Business Law and regional development as well as other materials www.ac777.dial.pipex.com/bes/index.html Online
journal
for
British Economy
Survey
www.competition-commission.org.uk/Competition web site -
Commission’s
Regulates competition between companies in the UK by conducting in-depth inquiries www.economicsnetwork.ac.uk/journals is a directory of materials that can be used for teaching and covers a broad spectrum of business and economics www.ofgem.gov.uk/Pages/OfgemHome. Aspx is the web site of the
Office of the Gas and Electricity Markets. Each industry regulator has a similar site www.bized.co.uk/ Bized provides a selection of teaching and
learning resources www.bbc.co.uk/news/business/ section
the BBC web site’s business
www.thetimes100.co.uk includes a number of businesses and economics oriented case studies
Videos
Television news, current affairs and business programmes will also provide useful additional and up to date material on business and the economy often with special features on particular business environment subjects. Many programmes are archived and can be viewed on demand.
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