1. Explain what the law is and the role that the law plays in wider society and in the business environment 3. Identify the role of contract law in business activity and explain the elements needed to...

1. Explain what the law is and the role that the law plays in wider society and in the business environment 3. Identify the role of contract law in business activity and explain the elements needed to create and enforce a  valid contract 4. Define an agency relationship and explain the legal implications of such a relationship 5. Identify and define the different types of property including intellectual property and analyse the importance to business of such property and how the law protects such property