1.1 Explain the importance of the essential elements

Learning outcomes

On successful completion of

this unit you will:

Assessment Criteria:

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 Use business scenarios/cases to demonstrate how four of the elements of contract apply to the business

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.