Unit 203

Unit 203 Principles of Contract Liability

Level: 2

Unit reference number: D/504/0394

Credit value: 4

Guided learning hours: 23

Unit aim: The aim of this unit is to enable the learner to gain an understanding of the principles of contract law. The learner will develop the necessary knowledge and skills to be able to:

  • identify the essential elements of establishing a contractual relationship enforceable at law
  • analyse areas of contract law that may give rise to disputes in contractual relationships.

There are two learning outcomes to this unit:

Outcome 1: understand the key elements of a contract

The learner can:

  • explain the necessity for agreement
  • identify the requirements for consideration in a contract
  • explain the importance of intention in a contract.

Outcome 2: understand the circumstances in which a contract may be discharged and the main remedy on breach

The learner can:

  • describe the circumstances in which a contract may be discharged
  • explain the remedy of damages.