CAPS BS 10 TERM 3 WEEK 5 Contracts

TOPIC – Contracts

The relevance of contracts and their legal implications in different business contexts

• Definition of a contract
• Types of contracts:
— Employment contract
— Employer/employee agreement
— Insurance – insurer/insured
— Lease agreement – lessor/lessee agreement
— Hire Purchase agreement – seller/buyer agreement
— Rental agreement – landlord/tenant agreement
• The legal implications of these contracts in different business contexts (parties, rights and responsibilities of the parties to a contract as prescribed by specific Acts in some contracts)