Unit 5 Business Contract and Negligence - Level 5

Unit 5 Business Contract and Negligence - Level 5 (Diploma in Business)

Introduction: This Unit 5 Business contract and negligence Assignment aims to identify the aspects of contract laws and tort laws.

Task 1:

According to the question Peter Abraham who interested in setting up a building contract has no basic idea about basic business contract. Therefore he needs information about formation of business with positive and negative factors (Jenkins, 2014). The three sections of this task try to identify the basics of business contracts for Peter Abraham.

1.1 Contract formation:

1.2 Discussion on the impact of contract formation:

1.3 Analysis of contract terms:

Task 2:

2.1 Application of the contract elements:

2.2 Application of the contract laws:

2.3 Evaluation of effective terms of contract:

Task 3:

3.1 Tort liability and contract liability:

3.2 Explanation for liability of negligence:

3.3 Explanation of Vicarious liability:

Task 4:

4.1 Application of negligence Tort elements:

4.2 Application of Vicarious liability elements:

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