There are several factors of the achievement of a business which is known as a contract. There are different types of business contracts. A determined circumstance of a business between two groups is created by managers. The company does several arrangements in business sectors. The business may experience a lot if the company goes mistaken to do a suitable contract with other parties. The disappointment of a company may the cause of financial losses (Atiyah, 2014).
This paper discusses different issues related to contracts and negligees. Firstly, a valid contract along with its elements are discussed. Second, face to face, written, and distance selling contracts are discussed. Thirdly, different elements of contracts are applied. Then, the liability in tort and contractual liability along with the negligence are discussed. Finally, the element of negligence and vicarious liability is applied in different case scenarios.
1.1 How a contract is formed and the importance of the various elements of contract
The lawful agreement explains the applicable contract between the two parties. An appropriate contract is not lawful to contract in business sections. Several methods make an appropriate contract, for example, face-to-face, written distance selling, etc. On the other hand, several methods are applied in different business sections as Atiyah (2014) notes. There are several forms that create significant components of contracts. These are described below in Peter Abraham’s business.
Offer is the first component of creating a business contract. According to Atiyah (2014), offer refers to the management of business functions. One group must be offered by another group. Offer must be valid or legal. Offer can create a business section legally fit. The manager of a company can make a deal with another company. If there is no offer in the business section, there have no legal issue matter. Staff should be able to do any kind of business works. In the business of Peter Abraham, a lawful offer must be executed by Peter Abraham including some rules and regulations. Official manifestation must be demonstrated by Peter Abraham and motivates his dealers in Business Company.
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After finishing an offer, Acceptance will come. It explains the manifestation of authority. According to Atiyah (2014), acceptance assists the agreement with the case given in the offers. Lawful acceptance will be executed by Peter Abraham and his consumers are made accessible. The contest officer will be made by the original proposal and impact on Peter Abraham’s business.
Intention to create a legal relation
According to Atiyah (2014), create a legal relationship is also one of the most significant components in business contracts. It is also the legal factor of business functions. A legal relationship will be created between two groups. Legal relationships can help a business to gain its achievement. So it is very important to create a legal connection with other groups in Peter Abraham’s business. Peter Abraham will fail to continue his business if there is no legal relationship with other parties. The legal relationship also has several rules and regulations too.
According to Atiyah (2014), consideration is also a significant component in business functions. Consideration describes the legal situation of business factors. A function will be acted legally and ensured better work. Consideration between Peter Abraham’s business and another business will be created to achieve business goals. Regulations forbid Peter Abraham’s business for an applicable contract that is a valid contract.
The capacity of the parties
The capacity of the two groups makes a business legally perfect. This contract legally practiced between the two companies. The necessity of a contract is in business is lawfully used. In terms of Peter Abraham’s business, the groups that emerge to a contract must be capable of making legal organizations. Peter Abraham ought to consider if the groups are essentially, legally, or expressively fine or not for acting contracts.
1.2 Impact of forming contract by means of face to face, written contract, and distance selling
In order to create a contract, there are several factors and they are applied in the business sections. These approaches are distance selling, written contract, and face-to-face contact. These methods are described below in Peter Abraham business functions………….