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Aspects of Contract and Negligence for Business

Aim

The aim of this unit is to provide learners with an understanding of aspects of the law of contract and tort and the skill to apply them, particularly in business situations.

Learning outcomes and assessment

LO1 Understand the essential elements of a valid contract in a business context

1.1 explain the importance of the essential elements required for the formation of a valid contract

1.2 discuss the impact of different types of contract

1.3 analyse terms in contracts with reference to their meaning and effect

LO2 Be able to apply the elements of a contract in business situations

2.1 apply the elements of contract in given business scenarios

2.2 apply the law on terms in different contracts

2.3 evaluate the effect of different terms in given contracts

LO3 Understand principles of liability in negligence in business activities

3.1 contrast liability in tort with contractual liability

3.2 explain the nature of liability in negligence

3.3 explain how a business can be vicariously liable

LO4 Be able to apply principles of liability in negligence in business situations

4.1 apply the elements of the tort of negligence and defences in different business situations

4.2 apply the elements of vicarious liability in given business situations.