ESSEX INTERNATIONAL COLLEGE Programme: Unit Number: Unit Title: Unit Code: Credit Value: QCF Level: BTEC Higher National Diploma (HND) in Business 05 Aspects of Contract and Negligence for Business Y/601/0563 15 4 Writer of the brief: Internal Verifier name: Mr Alfred Dr. Keith Learning outcomes and criteria covered by this assignment: All pass criteria All merit descriptors All distinction descriptors Key dates: Assignment distribution date to learners: Assignment/Portfolio
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16‚ 2007‚ in the town of Blacksburg Virginia‚ a college student who attended Virginia Tech‚ opened gunfire to his fellow classmates. This shooting has been considered to be the biggest massacre in all of American history. There are many things to be discussed in this major tragedy. Some of them include the events leading up to the shooting‚ the timeline that the shootings occurred‚ the causes‚ and the significance in this particular shooting. The Virginia Tech is only one of the several examples
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CONTRACTS IN BUSINESS On the 10th of September an offer was distinguished between Huddersford Electronics Ltd (HE ltd) and Gem Computer Stores (GCS). The offer was an invitation to treat as there is an entitlement that an offer could accepted and therefore‚ a contract could be formed. An offer is formed as HE ltd posted an offer to sell 10 laptops to GCS‚ keeping the offer open until the 24th September. A statement is made by HE ltd who is giving information to GCS expressing an intention to sell
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Asif Tufal Contract-Law-page CASES ON FORMATION OF A CONTRACT OFFER Payne v Cave (1789) The defendant made the highest bid for the plaintiff’s goods at an auction sale‚ but he withdrew his bid before the fall of the auctioneer’s hammer. It was held that the defendant was not bound to purchase the goods. His bid amounted to an offer which he was entitled to withdraw at any time before the auctioneer signified acceptance by knocking down the hammer. Note: The common law rule laid down in
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BREACHING A CONTRACT First What is a Contract? A Contract is defined as a binding agreement between two or more persons or parties; Especially; One legally enforceable. When signing a contract the person signing signs the contract‚ to render services for a certain amount of time or for a certain amount of material‚ which is labeled a term in the agreement. In every contract there are certain duties and rules that are to be followed and obeyed. When disobeyed or rules are broken then that leads
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my 17-year-old son into signing a contract unbeknownst to me. Now that a better business opportunity has presented itself to my company‚ Marshall is using this contact to hinder me from expansion. Implied Contracts Upon discovery and examination of this contract‚ it is apparent all business with Marshall would need to be terminated. This dissolution would cause significant strife between Marshall and I‚ but with just reason. Marshall had an implied contract with my company stating he would heavily
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(6)Discharge by Agreement or Consent The contract rests on the agreement of the parties. The parties may get discharged from the obligations of performance of contract by agreement or mutual consent. By Agreement or Consent • By novation • By “accord and satisfaction” • By remission and waiver The discharge by consent may be express or implied. Discharge by consent:- (a)Novation: When a new contract is substituted for an existing one‚ either between the same parties or between the one of
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t Quasi Contract Analysis of Case Studies Business Law Submitted to: Mr. Atta Ullah Submitted By: Sunnia Farrukh Submitted on: January 27‚ 2012 BBA-III (Regular) Fatima Jinnah Women University Contents Contract 3 Formation of Contract 3 Kinds of Contracts 3 Quasi Contract 4 Salient Features of Quasi Contract: 4 Conditions of Quasi Contract 4 Supply of Quasi Contract 5 Payment by an Interested Person: 5 Liability to pay for Non-Gratuitous Acts 6 Finder of Goods 7
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of a Contract Angelique Gares BUS670 Legal Environment Professor Roger Amos May 24‚ 2010 . This paper is a study of the Element of a Contract detailing the essential elements that constitute a legal binding agreement. A contract can be defined as an agreement between two or more persons for example‚ individuals‚ organizations or government agencies and or business‚ to do‚ or to refrain from doing something in exchange for something of value. The text states “to qualify as a contract‚ a set
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What is a contract? A business contract is a legally binding agreement between two or more parties to do or not to do certain things. For example‚ a business contract could be for the sale of goods or supply of services at a certain price. There are many different types of contracts including: the sale and purchase of a business agreement; partnership agreements; leases of business premises; leases of plant and equipment; and employment agreements. The process for creating a contract generally
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