Unit 14 P2

Like psychiatric injury, pure economic loss is often described as a problematic form of damage. Although floodgates arguments are sometimes encountered in this area, there are other reasons why a duty to take care not to cause foreseeable economic loss to the claimant is not always appropriate.

Besides these, the company needs to evaluate the factors that can cause a loss of sales and revenue. You also need to pay attention to the feelings of customers in terms of interior and exterior.

Prospective losses are proven as diminished business after the restoration of conforming goods (as everything up to this would be primary or secondary consequential damages)

This report will be about my chosen business Tesco. I will talk about the recruiting and selection process of Tesco. I chose Tesco because Tesco is one of the biggest supermarkets and they exist long time ago and they have been successful. Tesco has more than 250 employees so it is counted as a large business. Tesco was found in 1919 by Jack Cohen. Tesco on his first day made profit £1 from sales £4. Tesco’s brand appeared in 1924. Tesco has also bank, insurance company and petrol stations. Tesco have 476 000 employees so it is large business because is also international business. Tesco is a PLC company which means they are public limited company (they can sell shares to the public) and they have unlimited liabilities.

The main features of legislation relating to contracts of employment are outlined in the terms and conditions within a contract of employment. Information about this is included in the handbook for the NJC currently known as the Green Book. Contracts help to protect the rights and responsibilities of both the employer and the employee. Contracts must contain general information about the employee and the employment in which they have been employed: this includes information on the employee's name, date of commencement of employment, position appointed ,employment conditions, rights and responsibilities of the employee, expected duties and information on grade and point scale in relation to pay. Employees are expected by law to follow the terms set out in their contract until employment is terminated by either party.

As a new recruit working in a public service you have been asked to investigate the response to emergency service incidents.

breach of express and implied contracts based on the theory of promoter liability. The courts

I, Mr. Mohammad Haroon Hakimi of Unit 14-138 Rupert Street West Footscray in the state of Victoria 3012 make the following statement under Statutory Declarations Act 1959 in support of my Protection visa application and declare as follow;

any event may amount to a material adverse change to the licensee's financial position and notification of change in control of the licensee;

When researching major security breaches that companies have endured, the company that really interested me was Home Depot. The company had a sever security breach in 2014, in which over 40 million credit card numbers and 50 million emails were compromised over a five-month period. As mentioned, the breach occurred in 2014 over a course of five-months. During the duration of those five months, an intruder obtained a vendor’s credentials and gained access to the company’s network. The security hack affected individuals who lived in the United States and Canada who had used the personal self-checkout machines at the stores. The impact the breach had on the company was frightful. The amount of repercussions the breach had on the company lasted for a long time. As a result of the breach, many lawsuits arose from whole situation. After the end of the trials, Home Depot paid 8.7 million in legal fees and had a 161 million pre tax expenses that covered the incident.

The rule of thumb in contract remedies is injured party is only entitled to the economic expectation or its equivalent. It is not entitled to the actual performance of the contract. That is why, usually, drafting the provisions regarding the breach of the contract, an attorney will be most focused on the monetary damages as the standard and the most commonly used type of the remedies. Monetary damages are generally awarded as a sum of money equal to the loss in value to the injured party of the other party’s failed or deficient performance, plus any other loss caused by the breach .

In other words, if the fundamental reason for the contracting parties in deciding the quantum of liability for breach is not to approximate the possible loss of the injured promisee, instead of this to prevent the promisor from defaulting on his undertaking and/or to penalize him, then the agreement will to this extent be void.

Compensatory damages: The most frequent of compensation in a breach of contract dispute is compensatory damages. When a court chooses to award compensatory damages are awarded, the court stipulates that the party that violated the terms of the contract must provide the other party with compensation in order to get the Plaintiff to their original point of standing. This would include incidental damages (Cornell University Law School,

In contract law damages are a legal remedy available for a breach of contract. Damages are used as an award of money to compensate the innocent parties. The primary function of damages in contract law is to place the injured party in the position they would have been if the contract been performed to its full agreement. Fun Film plc had lost money only down to the delay the film which they suffered entirely, and readily, foreseeable losses far in excess of the hire charge for the film. Example of damage in contract law is the case of Addis v Gramophone [1909] where the claimant had been employed as a manager. The defendant relieved him of his services and replaced him with someone else which was a breach of the contract. The claimant brought an action for breach of contract under which he claims that the level of damages should reflect the circumstances in which he was dismissed damaged his reputation and ability to find suitable employment.

Economic and operational impact categories (lost sales, interest paid on borrowed funds, business interruption, customer inconvenience, etc.)