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Contents
Executive summery 3
Introduction 3
LO 1 A valid contract in a Business Context 3
1.1 The importance of the essential elements required for the formation of a valid contract 3
1.2 Impact of different types of contract 4
1.3 Analyze terms in contracts 5
LO 2 Elements of a contract in Business situations 6
2.1 Elements of contract in given business scenarios 6
2.2 Law on terms in different contracts 6
2.3 Effect of different terms in given contracts 7
LO 3 Negligence in Business Activities 7
3.1 Contrast liability in tort with contractual liability 7
3.2 Nature of liability in negligence 8
3.3 How a business can be vicariously liable 9
LO 4 Principles of liability in negligence in Business Situations 10
4.1 The elements of the tort of negligence and defense in different business situations 10
4.2 The elements of vicarious liability in given business situation 12
Conclusion 12
Reference 13
Executive summery
In one case PRIMARK contracts with PRESEC Pacesetters, to prove that whether the contract is legal here I have described the elements of legal contract. The impact of the elements in a contract, terms in contract and its analysis, the law relating legal contract are described here. In another case the Top Tooling plc. is vicariously liable for Ben peters’ misdeed that injures a pedestrian, to describe its legality I have used tort, tort of negligence and its elements. The vicarious liability and its elements regarding this tort are described here. The nature of tort of negligence, its defenses in different business situation are also included in this assignment.
Introduction
To be a legal contract one company must follow the elements regarding the laws of contract and its elements. When contracting with the PRESEC Pacesetters, PRIMARK should ensure that the laws of contract and its elements are followed carefully. To prove the tort of negligence the elements should