Aspects of contract & business law - lesson 1

• BTEC
• MBO
• Studiejaar 3

Aspects of contract and business law

Aspects of contract and business law

^{Unit 21}

Today's program

• Detailed planning
• Grading criteria
• Learning outcomes
• Instruction (interactive)
  
• Work on case study
• Check learning outcomes and evaluate lesson
  

DETAILED
PLANNING 

Aspects of contract and business law (UNIT 21) 

September 2019 – November 2019 

 

Date	Subject	Criteria	Theortical part Task A	Practical part  Task B
wk 36 02 – 06 September 2019	Introduction unit  1.Contracts	P1  P2  M1	Pages 80 – 89
wk 37 09 – 13 September 2019	1.2   Factors which invalidate or vitiate contracts	P3	Pages 89 – 93
wk 38 16 – 20 September 2019	2.1 Types of terms  2.2  Impact of contractual terms	P4  P5  D1	Pages 93 – 96
wk 39 23 – 27 September 2019	2.3 Impact of statutes on common contractual terms	P5	Pages 96 – 99
wk 40 30 September – 04 October 2019	Theoretical assessment task A on 30 September 2019		TEST  Pages 80 - 99	Introduction task B
wk 41  07 – 11 October 2019	3.1 Sale of goods  3.2 Supply of goods and services  3.3 False trade descriptions	P6  M2		Pages 101 – 106
wk 42 14  – 18 October 2019	4.1 Remedies  4.2 Application of remedies	P7  M3  D2		Pages 106 - 111
wk 43  21 – 25 October 2019	Fall Break 😊
wk 44 28 October– 01 November 2019	Review of all aspects of contract and business law.	P1 – P7 M2 D1-D2		Pages 80 - 111
wk 45  04 – 08 November 2019	Practical assessement task B on 18 January 2019   Redo task A and task B also in this week.			Work on task B  Assessment task B Redo task A Redo task B

* In the case of an adjustment you are informed by return 

 

Resubmission of task A and
B will be on Friday November 8, 2019 

 

wk 41  07 – 11 October 2019	3.1 Sale of goods  3.2 Supply of goods and services  3.3 False trade descriptions	P6  M2		Pages 101 – 106
wk 42 14  – 18 October 2019	4.1 Remedies  4.2 Application of remedies	P7  M3  D2		Pages 106 - 111
wk 43  21 – 25 October 2019	Fall Break 😊
wk 44 28 October– 01 November 2019	Review of all aspects of contract and business law.	P1 – P7 M2 D1-D2		Pages 80 - 111
wk 45  04 – 08 November 2019	Practical assessement task B on 18 January 2019   Redo task A and task B also in this week.			Work on task B  Assessment task B Redo task A Redo task B

* In the case of an adjustment you are informed by return 

 

Resubmission of task A and
B will be on Friday November 8, 2019 

 

Grading criteria

• Pass: P1 up to and including P7
• Merrit: pass + M1 up to and including M3
• Distinction: merrit + D1 and D2
  

Learning outcomes:

What do you know about
contract law already?

Contract

An agreement or set of promisses, enforcable  by law made between two or more parties to do or refrain from doing something.

In business:

•  intention to create legally binding
•  intention to add value

Example of contracts

Advantages verbal
contracts

Disadvantages
verbal contracts

Types of contracts

- write down (individualy) at least two contract that must me written;

- write down two advantages of written contacts.

- write down two differances between written en verbal contracts

Finished? compare your answers to the person beside you and asjust and/or complete your answers when needed.

Look up what standard form contracts are (p.81). Type in your own words.

Offeror

The person making the offer

Offeree

The person receiving an offer

Counteroffer: 

an offer that invalidates the original offer

Communication of offers

An offer must be:

- communicated to the other party (usuallly writen, verbal is also valid)

- curtain and not too vague (if not it will be invalid)

- Exception "reward cases"

Activity

- Read p. 80-83

- Form groups of two

- Make:

* case study  Stevensons Jacques & Co v Mc Lean (1880)

* case study Household Fire & Carriage Accident Insurance Co v Grant (1879)

Uplaod your worddocument in Moodle

What is a standard form
contract?

Battle of the forms:
When two business parties use their own form contracts, wich one is valid? Explain

Consideration

Value attached to the promises of a contract, without consideration no valid contract.

Types of consideration

- Find out which types of consideration exist, write them down and explain the difference in your own words.

- Give for each type an example

- Finished? Compaire your answers tot the student next to you and improve your answer.

Consideration

Third party in a contract

- Privity of contract: relationship between third party and mainparties to a contract. A legal concept denying third parties the right to sue ona contract

- Contract Act. 1999

A law

A law

A statutary exception to privity of contract

Capacity as applied to business situations

Capacity: legal power to inter into a contract

- Minors: people < 18. Limited circumstances  (necesary goods and employment)

- Incapacitated persons: diagnosted menthel health condition

Activity

- Read pages 84 – 8 

- Form groups of two​ 

 - Make: ​ 

Case study McArdle (1951)​ 

Case study Nishing Shipping Co. Ltd v Cleaves & Co. Ltd (2004)​

Types of organisations that can enter a contract

- Registered companies​  

- Unincorporated associations​  

- Partnerships​  

- Local authorities​ 

 

​

Activity

- Read pages 88 - 89​  

- Work individually​  

- Describe the contractual position for each type of organisation

Objectives of the lessons achieved?

- Write down what you learned today? 

- What did you find easy?

- What did you find difficult?

Upload in Moodle

Wrap up

Study 1.1 and 1.2

Thank you for your attention and see you next time.