Syllabus F1

a) Explain the key elements of a basic contract (offer, acceptance, remedies for breach of contract etc)
b) Briefly outline specific terms and conditions that may be included in contracts with credit customers (eg length of credit period, amount of interest on late payments, retention of title.
c) Outline the basic legal procedures for the collection of debts.
d) Identify the main data protection issues that should be considered when dealing with accounts receivables records.
e) Explain bankruptcy and insolvency