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
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
