Know the remedies available to the parties to a contract

The following topic forms part of the Unit Aspects of Contract and Business Law.

The aim of this unit is to introduce learners to the operation of the law of contract as it applies to businesses. Learners will apply the law to business and consumer situations and consider the meaning and effect of standard form contracts.

Know the remedies available to the parties to a contract:

Remedies: damages; liquidated and unliquidated; mitigation of loss; rejection; lien, resale; reservation of title; injunctions; specific performance.

Application of remedies: courts; time limits.

 

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Units and Topics

The following units are part of the Edexcel BTEC Level 3 Diploma in Business course

Aspects of Contract and Business Law

Aspects of Civil Liability for Business

Aspects of the Legal System and Law-making Process

Aspects of Criminal Law Relating to Business