1.1 explain the importance of the essential elements of a valid contract in a business context
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Learning Outcomes Content Assessment Criteria for Pass
LO1 Understand the Essential elements: offer and acceptance; intention to
1.1 explain the importance of the essential elements of a valid contract in a business context
Types of contract: face to face; written; distance selling; impact
Types of terms: condition; warranty; innominate term; express; implied; exclusion clauses and their validity
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
Elements: application of relevant principles and case law to business scenarios
Specific terms: contents of standard form business
contracts; analysis of express terms, implied terms and exclusion clauses in a given contract
Effect of terms: breach of condition, warranty and innominate terms; legality of exemption clauses; outline of remedies; damages
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
Negligence: differences to contract; duty of care; breach of
duty; damage – causation and remoteness of damage; personal injuries; damage to property; economic loss; occupier liability
Liability: employer’s liability; vicarious liability; health and safety issues
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 the principles of liability in negligence in business situations
Negligence: application of the legal principles of negligence and relevant statutory and case law to business scenarios
including: personal injuries, damage to property, economic loss, occupier liability; defences; contributory negligence; remedies
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
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