L2 Office Practice Module 23 Lesson 25

OFFICE PRACTICE LEVEL 2 LESSON 25 MODULE 23 PAGE 126 – 130 MR LEGAU Downloaded from hlayiso.com

LESSON OUTCOMES • Explain the type of information contained in a contract, agreement or quotation with reference to a named document. • Describe the purpose of maintaining a record of contracts, agreements and quotations with reference to specific case studies • Explain the importance of recording client-specific details with examples from a selected business sector. Downloaded from hlayiso.com

INFORMATION CONTAINED IN CONTRACTS, AGREEMENTS AND QUOTATIONS • Information that needs to be included in the sales agreement of a deed of sale: • Information on the seller • This section may include the name, surname and personal identification number of the seller. • Information on the buyer • This section may include the name, surname and personal identification number of the buyer in the organisation. • Date of the transaction • The date of transaction must appear on the document. The date on which the sale goods will be supplied by the seller to the buyer must also be shown if it differs from the transaction date. Downloaded from hlayiso.com

CONTINUING • Description • This section includes a clear and accurate description of the goods for sale. • Purchase price • This section includes a clear and accurate indication of the agreed purchase price payable to the seller by the buyer for the sale goods. • Special arrangements • The document must show information about special arrangements that were agreed upon by the seller and the buyer. Downloaded from hlayiso.com

CONTINUING • These arrangements include the following: • Payment of interest • Cash discounts when the sales amount is paid before a specific date • Legal costs if the buyer neglects his or her responsibility to make the purchase payments on time. Downloaded from hlayiso.com

HOMEWORK NB: • Study the purpose of maintaining a record of contracts, agreements and quotations and the importance of recording specific client details from page 128 – 130. • Thank you Downloaded from hlayiso.com