Apply the tort of negligence to a given fact situation |Level |5 | |Credits |3 | Purpose People credited with this unit standard are able to explain the law of torts, and apply the tort of negligence to a given fact situation
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Management and Business in Accounting Services | |Unit No |5 | |Unit Title |Aspects of Contract and Negligence for Business | |Name of Tutor |Zhang Hongsheng | |Name of Internal Verifier |
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UNIT 05 ASPECTS OF CONTRACT AND NEGLIGENCE FOR BUSINESS ASPECTSA Table of Contents P1.1 THE ESSENTIAL ELEMENTS REQUIRED FOR THE FORMATION OF A VALID CONTRACT 2 Offer 3 Acceptance 4 Consideration 4 Capacity- Concept of Minor& Privity 5 Intent to create legal relation 6 P 1.2 DIFFERENT TYPES OF CONTRACT 7 P 1.3 DIFFERENCE BETWEEN CONDITIONS AND WARRANTIES 8 P 2.1ELEMENTS OF CONTRACT APPLIED FOR THE BELOW SCENARIOS 8 P 2.2 TERMS IN DIFFERENT CONTRACTS 9 P 2.3 THE EFFECTS
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Chapter6(Formation of a Contract: Consideration and Intention ) before an agreement is binding in law it must also have 2 primary elements:1. Consideration, and 2. Mutual intention to create legal relations Bargain: Each party pays a price for the promise of the other Consideration: the price or value for which the promise of the other is bought. Promisor: promise to pay money, deliver goods or provide servicesValid consideration must be: Specific but not
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Essential Elements of Contracts Contracts are made every day between people and companies. These contracts are made online, in person, on paper, etc. There are contracts that are even legal that are verbal contracts. Most people feel that a contract has to be annotated on paper for it to be legal and binding. This is not always true. Oral contracts, meaning spoken contracts are just as binding and also just as legal. Let’s take a look at what makes a contract. Common law contacts usually
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Implied-In-Fact Contracts. Statutory Exceptions, and the Public Policy Exception. Certain issues need to be considered and discussed before beginning this lawsuit to ensure that there is a legitimate case. Some things to consider are; is there a valid contract with Elaine and Jerry that she must receive a reason or explanation for being terminated that is related to company policy? Does the job require any certain skills or education that Kramer may not be qualified for? Was Elaine on an annual contract with
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Oil Company “Look, you asked for my advice, and I gave it to you,” Frank Kelsey said. “If I were you, I wouldn’t make any more concessions! I really don’t think you ought to agree to their last demand! But you’re the one who has to live with the contract, not me!” Static on the transatlantic telephone connection obscured Jean Fontaine’s reply. Kelsey asked him to repeat what he had said. “OK, OK, calm down, Jean. I can see your point of view. I appreciate the pressures you’re under. But I sure
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Gaining a Competitive Advantage through Agile Service Management and Operations Changing Business Models The Communication Service Provider (CSP) market is characterized by vertically integrated players with end-to-end ownership of network, operations and consumer businesses. In the near future, the communications industry landscape is expected to change and become a mosaic of specialized service providers pursing varying business models. This is the result of stagnating voice/data revenues, explosive
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often be found by changing the game, rather than maintaining the status quo. The creators of game theory distinguished two types of games: rule-based, and freewheeling. In rule-based games, players must act according to certain rules, such as contracts. In these games you should play out every player’s reactions as far ahead as possible before making a decision in order to get a better idea of the ultimate outcome. In freewheeling games, there are no rules to constrain players, and the focus
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university’s course structure by incorporating teachings from different components of the businesses structure. This provides a greater exposure to the necessary elements required in order to maintain the continued operations of a successful construction company. During my employment I have been able to cover sections including estimating, contracts administration, cost reporting, document control and involvement in developing tender packages. Experiencing this variety of works has enabled me to realize
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