Aspects of Contract and Negligence for Business

TABLE OF CONTENTS

TASK BRIEF A 3

DIFFERENT ELEMENTS OF CONTRACT LAW 3

RIGHTS AND RESPONSIBILITIES FOR BOTH BUSINESSES AND CUSTOMERS 3

SOLUTIONS IN CASE OF BREACH OF A CONTRACT 4

Task 1 (with reference to Case Study 1) 4

Task 2 (with reference to Case Study 2) 5

TASK BRIEF B 6

WITH REFERENCE TO CASE STUDY 3 6

COMPARE AND CONTRAST LIABILITIES 6

NATURE OF LIABILITY IN NEGLIGENCE AND ITS EFFECT ON BUSINESS 6

TASK BRIEF C 7

DETAILED EVALUATION OF TORTS, THEIR NATURE, ELEMENTS OF TORTS AND DEFENSES 7

Task 4 (with reference to Case Study 4) 7

REFERENCES 11

Task Brief A

Different elements of contract law

Contract is like a confirmation on some pre-decided and agreed-upon terms and conditions by all the parties involved in any business dealing, thereby binding them under the same state of affairs legally. In order to avoid disagreements or unwelcomed liabilities later on, the parties involved in the contract set out some definite and clearly stated rules or terms of contract so that when the contract is signed, both the parties are on the same page.

A contract is supposed to comprise of the following elements: there should be an offer between at least two parties, the acceptance of contract by all the parties signing up for the contract, an intention of entering a legal binding by all the participants of contract and lastly, involved parties should support the contract through mutual consideration of benefit.

Rights and responsibilities for both businesses and customers

There is always an underlying contract that binds employers and employees, businesses and customers together with some rights as well as responsibilities. Deviance from the contract terms by either party can result in the breach of the agreement that can have dire consequences, ranging from loss of trust to financial damages. One party’s right warrants the other party under a responsibility. Businesses have the right to independently assume any activity until it fulfils the customer requirements, similarly abiding by the terms of the contract, like paying in time and agreeing to the automatic dissolution of contract by the end of term, enables the customers to fulfil their duty towards the business. On the other hand, it is customers’ right to get the promised quality or quantity of product and service against the payment they make and be informed of any details that can pertinently affect their rapport with the business. Inking down the contract and making it accessible to the customers can make it easier for businesses as well as customers to define the extent to which both parties follow the terms of the contract.