Unit 5 P1
HAMPSHIRE BUSINESS SCHOOL
BTEC LEVEL 3 EXTENDED DIPLOMA IN BUSINESS
UNIT 21 - Aspects in Contract and Business Law
(CREDIT VALUE: 10)
Assignment Brief
Student ………………………………………………………………………………………………….
Date Set ………………………………………………………………………………………………..
Deadline …………………………………………………………………………………………………
Learner’s Declaration
I certify that the work submitted for this assignment is my own.
Student ……………………………………… Date ………………………………………….
UNIT 21 - Aspects of Contact and Business Law
Aim and purpose
The aim of this unit is to introduce learners to the operation of the law of contract as it applies to businesses. Learners will apply the law to business and consumer situations and consider the meaning and effect of standard form contracts.
Unit introduction
A business can only make money legitimately by making contracts with other businesses and customers. Businesses want to make the terms of these contracts the most favourable to themselves. All those involved in a contract need to know the exact terms on which it is based so that their rights and obligations are clearly understood and appropriate action can be taken if the contract is not implemented satisfactorily. Many businesses try to minimise their responsibilities under a contract, and the law attempts to balance the customer’s interests and gives consumers, in particular, rights in relation to business sellers and service providers.
Learners will consider rules for the formation of contracts and develop an understanding of the legal effect of each stage in negotiating a contract, up to and including the final agreement. The law on misrepresentation and the terms in contracts are explored. It is central to the unit that learners understand the meaning of express and implied terms in a contract. They will examine a contract or contracts to consider the use of key terms. For example, terms with respect to payment can be analysed and put
BTEC LEVEL 3 EXTENDED DIPLOMA IN BUSINESS
UNIT 21 - Aspects in Contract and Business Law
(CREDIT VALUE: 10)
Assignment Brief
Student ………………………………………………………………………………………………….
Date Set ………………………………………………………………………………………………..
Deadline …………………………………………………………………………………………………
Learner’s Declaration
I certify that the work submitted for this assignment is my own.
Student ……………………………………… Date ………………………………………….
UNIT 21 - Aspects of Contact and Business Law
Aim and purpose
The aim of this unit is to introduce learners to the operation of the law of contract as it applies to businesses. Learners will apply the law to business and consumer situations and consider the meaning and effect of standard form contracts.
Unit introduction
A business can only make money legitimately by making contracts with other businesses and customers. Businesses want to make the terms of these contracts the most favourable to themselves. All those involved in a contract need to know the exact terms on which it is based so that their rights and obligations are clearly understood and appropriate action can be taken if the contract is not implemented satisfactorily. Many businesses try to minimise their responsibilities under a contract, and the law attempts to balance the customer’s interests and gives consumers, in particular, rights in relation to business sellers and service providers.
Learners will consider rules for the formation of contracts and develop an understanding of the legal effect of each stage in negotiating a contract, up to and including the final agreement. The law on misrepresentation and the terms in contracts are explored. It is central to the unit that learners understand the meaning of express and implied terms in a contract. They will examine a contract or contracts to consider the use of key terms. For example, terms with respect to payment can be analysed and put