Business Law

2474 Words Sep 8th, 2014 10 Pages
Table of Contents Introduction 2 (3.1) Contrast liability in torts with contractual liability 3 (3.2) Explain the nature of liability in negligence & (3.3) Explain how a business can be vicariously liable 4 (4.1) Apply the elements of the tort of negligence and defences in the above different business situations for the legal officer who is assigned to VJSC & (4.2) Apply the elements of vicarious liability in above different business situations for the legal officer who is assigned to VJSC 8 Conclusion 11 References 12

Introduction

Law plays important roles to protect benefits, obligations and bringing fair for everybody in society. This report gives information about tortuous liability, contractual liability,
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- Cannot measure clearly the damages.- Difficult to determine exactly compensation rate so the compensation will be based on the actual extent of damage occurred. | - A violation of the contents which parties signed in the contract.- Parties have a close relationship because they have time for agreements and sign the contract together. - If the breach of contract occurs that the person violated have a contractual liability to the other party of the contract.- The damages can be quantitative because they are regulated in the contract.- The compensation under the liquidated damage that means compensation which determined based on the formula and stipulations that the parties have agreed in the contract. |
(3.2) Explain the nature of liability in negligence & (3.3) Explain how a business can be vicariously liable
A human who lives in society must follow the provisions of law is having a duty of care by respecting and protecting the rights and benefit legal of others.
Negligence is behaviour which infringes on the rights and legal interests of others. However, these behaviours are not deliberate actions by an individual or entity who did not perform well their reasonable care which bring the consequences of monetary damages or personal injury.

To sue a person who violating behaviour of negligence, the

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