Assignment Brief As part of the formal assessment for the HNC/D programme you are required to submit an assignment for each module. Please refer to your Student Handbook for full details of the programme assessment scheme and general information on preparing and submitting assignments. After completing the module you should be able to: LO1. Understand the essential elements of a valid contract in a business context LO2. Be able to apply the elements of a contract in business situations LO3. Understand the principles of liability in negligence in business activities LO4. Be able to apply the principles of liability in negligence in business situations