*Download will include more detailed speaker notes* A well written, detailed assignment which meets the criteria for P7 and M3 - Unit 21 Aspects of Contract and Business Law. BTEC Level 3 Extended Diploma in Business. P7 - Describe the remedies available for breach of contract. M3 - Analyse the r...
THERAPEUTIC CRISIS INTERVENTION EXAM STUDY GUIDE (TCI- 7TH EDITION) EXAM WITH NGN QUESTIONS AND COMPLETE 100%CORRECT ANSWERS WITH VERIFIED AND WELL EXPLAINED RATIONALES ALREADY GRADED A+ BY EXPERTS ...
STOTT PILATES WRITTEN EXAM 2024 WITH NGN QUESTIONS AND COMPLETE 100%CORRECT ANSWERS WITH VERIFIED AND WELL EXPLAINED RATIONALES ALREADY GRADED A+ BY EXPERTS |LATEST VERSION 2024 WITH GUARANTEED SUCCES...
NC BLET 2021 RESPONDING TO VICTIMS EXAM WITH ACTUAL QUESTIONS AND COMPLETE 100% CORRECT ANSWERS WITH VERIFIED AND WELL EXPLAINED RATIONALES ALREADY GRADED A+ BY EXPERTS | LATEST VERSION 2024 WIT...
All for this textbook (165)
Written for
BTEC
Pearson (PEARSON)
Business studies
Unit 21 - Aspects of Contract and Business Law
All documents for this subject (4)
7
reviews
By: adamcox • 3 year ago
By: lovetalrani0 • 7 year ago
By: P0 • 7 year ago
By: uzairhanan • 7 year ago
By: davidmcbride123 • 7 year ago
By: elina_97 • 7 year ago
By: parkerfitness • 7 year ago
Seller
Follow
ccunningham
Reviews received
Content preview
Aspects of Contract and Business
Law
Task 4 – P7 M3
Conor Cunningham
,P7
In preparation for the training you are also required to:
• Prepare presentation slides with speaker notes, which
describes in detail the remedies and damages available for
breach of contract. For example, damages, liquidated and
unliquidated, mitigation of loss, rejection, lien, resale,
reservation of title, injunction, specific performance. (P7)
• In your presentation you need to demonstrate an
understanding of the distinction between ownership and
possession. The idea of damages as compensation for loss,
which losses can be claimed and which are too remote
should also be mentioned.
, Damages
Damages in another word for compensation. It is the money one
party has to pay back to the other if they breach the contract
and cause loss of something to the other party.
There are to type of damages which are;
• Liquated damages; When the parties involved have already
agreed on specific damages, prior to the breach of contract
• Unliquidated damages; When there hasn't been any
agreement made on how much damages should be paid if the
contract is to be breached
, Remedies
There are many different remedies that are
available for breach of contract. Some of these
include;
• Mitigation of loss
• Rejection
• Lien
• Resale
• Reservation of title
• Injunctions
• Specific performance
, Mitigation of loss
When there has been a contract that has been breached, it is the
duty of the innocent party to mitigate the loss. They cannot
allow their situation to get worse or purposely allow the
condition to cause more complications.
Mitigation is the idea when a person will try and get as much of
their loss as possible. For example, if an employee injures
them self at work, they must report this as soon as possible
and not allow the injury to become more of a poorer
condition in order to receive more compensation.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ccunningham. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.48. You're not tied to anything after your purchase.
