Contract and negligencePresent your work in one business report style which should include table of contents, reference list, summary and conclusions. Harvard referencing styleSummary1.1. Explain the importance of the essential elements required for the formation of a valid contract1.2. Discuss the impact of different types of contract1.3. Analyze terms in contracts with reference to their meaning and effect.2.1. Apply the elements of contract in given business Scenarios2.2. Apply the law on terms in different contracts2.3. evaluate the effect of different terms in given contracts3.1. Contrast liability in tort with contractual liability3.2. Explain the nature of liability in negligence3.3. Explain how a business can be vicariously liable4.1. Apply the elements of the tort of negligence and defenses in different business situations4.2. Apply the elements of vicarious liability in given business situations..
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