Essay

Unit 21 - Aspects of Contract and Business Law P1, P2, M1

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Institution
PEARSON (PEARSON)

P1 identify the legal criteria for offer and acceptance in a valid contract M1 analyse the impact of the requirements for a valid contract in a given situation P2 explain the law in relation to the formation of a contract in a given situation

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Uploaded on August 19, 2022
Number of pages 6
Written in 2019/2020
Type Essay
Professor(s) Unknown
Grade A+

btec
level 3
diploma
business
unit 21
aspects
contract
and
business law
law
in
of
p1
p2
m1

Unit 21: Aspects of Contract and Business Law

P1: identify the legal criteria for offer and acceptance in a valid contract.
P2: explain the law in relation to the formation of a contract in a given
situation.

Introduction

This assignment focuses on legal criteria of an offer and acceptance of a
valid contract at Vodafone. The formation of a contract will also be explained
in association to meeting the requirements of the law.

What is a contract?

A contract with Vodafone is a legal agreement between two or more parties
that binds them into an arrangement. A contract contains terms and
conditions which both parties must follow and abide by in order to avoid a
breach which may lead to legal issues. The contract made with Vodafone is
the phone contract that they make with their customers. The agreement
made, is selling a phone to the customer with them paying a fee for it.

Types of Contracts

Verbal Contract

This type of contract is where the persons make an agreement conveyed
through spoken words. This form of a contract has its advantages mainly
being having the ability to discuss the details of the contract to have a better
understanding and there is no overuse of legal terms that most people may
not understand. The main disadvantage would be, no availability of proof if a
disagreement was to occur. Vodafone does not do verbal contract. The only
verbal conversation that will take place is when discussing the phone offers.

Written Contract

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