Student name Level QCF Level 3: BTEC National Unit number & title Unit 21: Aspects of Contract & Business Law Credit value 10 Assessed by Date issued Deadline date Brief Internally verified Date Signature Aim and purpose This unit introduces you to the operation of the law of contract as it applies to businesses. You will also apply to consumer situations and consider the meaning and effect of standard form contracts. Unit introduction A business can
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Donoghue v Stevenson (1932) AC 562 Facts: Mrs. Donoghue found a decomposing snail in the ginger beer and claimed to have suffered gastroenteritis and severe shock upon the sight of the snail. She sought to recover damages from Stevenson‚ claiming that the presence of snail was due to his negligence. Could Mrs. Donoghue bring an action in negligence against Stevenson? Stevenson argued that as they were not in a contractual relationship‚ hence there was no special relationship and therefore he
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Identification of Issue The first issue that need to be indentifies is whether the advertisement inserted by Rashid is an ivitation to treat (ITT) or a proposal. The second issue that need to be identifies is whether there exist a valid agreement between Joyce and Rashid. The third issue that need to be identifies is whether the revocation of proposal made by Rashid is valid. The fourth issue will be the effect of a contract entered into with a bankrupt and what kind of remedies were there have for
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Contract: enforcing bargains made between parties. Requirements for a valid contract • AGREEMENT between the parties • Requirement of CERTAINTY – terms of the contract/what’s going to happen during the life of the contract • INTENTION to create legal relations (formal agreement where they expect the law to be involved) • CONSIDERATION (giving each other party something of value which underlies promise they are making) AGREEMENT: (bargain negotiated between two parties) Looking at it objectively:
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contract comes in to existence‚ invitations to treat‚ offer‚ acceptance and counter offers.) Criteria M1 Task 2 Taking what you have done with P1 a stage further‚ write up and analyse the impact of the requirements of the contract you have chosen. (Don’t forget look at the strengths and weaknesses of the formation of the contract‚ include relevant problems that you have looked at such as: good or weak about the offer‚ implications of pricing through invitation to treat‚ clarity of communication
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Introduction Offer and Acceptance Introduction: For a contract to be legally binding there needs to be 4 ingredients: 1. Offer 2. Acceptance 3. Intention to create legal relations 4. Consideration Building on this‚ in order to prove that a contract is legally binding 5 things need to be proven: 1. That an agreement has been reached. This is usually done by demonstrating that one of the parties has made an offer which the other accepted. 2. The agreement has been
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28/11/2013 Contents Elements of a Contract There are different elements of a contract that you must take into account when entering one. The following will give an understanding of these and explain their importance. Capacity There are four essential elements that affect contract law. The first of these is capacity. This element states that parties in agreement with a contract must have the legal capacity to enter into that contract. There are factors that affect the capacity
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within their means. Being unhappy with what she has leads Mathilde to borrow what she cannot afford to buy. One day Mr. Loisel brings his wife an invitation to a party‚ one that he had “tremendous trouble to get.” All Mathilde can do is “[throw] the invitation on the table with annoyance”. She doesn’t appreciate the fact that he got them an invitation to a party that she’s always wanted to go to. She feels
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1. Voidable Contract: An agreement which is enforceable by law at the option of one or more of the parties thereto‚ but not at the option of the other or others‚ is a voidable contract. A contract is voidable when one of the parties to the contract has not exercised his free consent. One of the essential elements of a formation of a contract for example‚ free consent‚ is absent. All voidable contracts are those which are induced by coercion fraud or misrepresentation. The person whose consent is
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groom’s family. Sometimes they stretch beyond their means in order to meet the marriage expenses and end up taking huge loans or even sell off their properties. They think that having received the huge dowry the groom and their family would not ill-treat the bride and give her due respect. At the other end‚ the groom’s family thinks that bride’s family may have good property as they have spent such a huge sum in the marriage itself. A "dowry killing" occurs when parents of the bride are unable to
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