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    As part of my HNC in business i'm now on the law 1 module and sightly stuck. Never done anything law related before so i was wondering if anybody could give me a bit of help relating to this question.

    Explain the different types of business agreement?

    Any help greatly appreciated.
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    I'm not really sure what they're looking for.

    At a very general level, you might have:
    written contracts
    warranty/guarantee
    equitable representations (e.g. Quistclose trusts)
    agreements not to pursue a right/claim (e.g. estoppel, though query whether this is truly a form of "agreement")
    consent to actions (as a defence to some types of tortious or criminal liability. as with above, is this truly bilateral or unilateral?)


    But of course, each of those has many sub-categories. Obviously, contract is the broadest umbrella, covering everything from credit swaps to consumer contracts. But all of these could appear in a number of forms.

    Sorry, I can't give you much more help without knowing more about your course and what you've been taught thus far.
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    (Original post by MelesMeles)
    I'm not really sure what they're looking for.

    At a very general level, you might have:
    written contracts
    warranty/guarantee
    equitable representations (e.g. Quistclose trusts)
    agreements not to pursue a right/claim (e.g. estoppel, though query whether this is truly a form of "agreement")
    consent to actions (as a defence to some types of tortious or criminal liability. as with above, is this truly bilateral or unilateral?)


    But of course, each of those has many sub-categories. Obviously, contract is the broadest umbrella, covering everything from credit swaps to consumer contracts. But all of these could appear in a number of forms.

    Sorry, I can't give you much more help without knowing more about your course and what you've been taught thus far.
    Thanks for the help, yeah its a very broad question the rest of the assignment is about the essential elements of a valid contract, offere, acceptence etc.

    Do this help, if not, thats for the pointers.
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    Well, if they're focusing on contracts, I suppose you could talk about the different types of contracts that you might expect to see:

    loan contracts
    credit swap contracts
    contracts for sale of goods
    services contracts
    ongoing supply contracts
    retainer contracts
    insurance contracts
    consumer goods and services contracts
    construction contracts
    restrictive covenant/land use contracts
    sale of rights (e.g. securitisation and sale of debt)
 
 
 
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