assignmnt1-common law.docVIP

BTEC Centre Guangdong AIB Polytechnic College Unit Unit 5:Common law Class 2010 HND Business，Management，Finance Assignment A1: Case Study-Contract Date issued 2011-10-13 Date deadline 2011-11-3 Tutor Huangguan IV Xiong Jiayi Declaration: I am aware that cheating and plagiarism will not be tolerated in any assignment and that this work complies with the requirements. Student’s Signature： (In Pinyin) (In Chinese) Class: Student No.: Learning Outcomes 1. Understand the essential elements of a valid and legally binding contract and its role in a business context 1.1 explain the different types of business agreement and the importance of the key elements required for the formation of a valid contract 1.2 apply the rules of offer and acceptance in a given scenario, also considering any impact of new technology. 1.3 assess the importance of the rules of intention and consideration of the parties to the agreement. 1.4 explain the importance of the contracting parties having the appropriate legal capacity to enter into a binding agreement. 2. Explore the significance of specific terms in a business contract 2.1 analyse specific contract terms with reference to their importance and impact if these terms are broken. 2.2 apply and analyse the law on standard form contracts 2.3 discuss the effect of the exemption clauses in attempting to exclude contractual liability. Assessment Criteria Evidence Pass 1.1 explain the different types of business agreement and the importance of the key elements required for the formation of a valid contract List out and explain different types of business agreement identify key elements required for the formation of a valid contract and explain the importance. 1.2 apply the rules of offer and acceptance in a given scenario, also considering any impact of new technology. Explain the rules of offer and acceptance. Apply the rules of offer and acceptance to the