Business Law

Foundations of business law
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In this situation there was a duty of care for the defendant, who is the bank, to provide to the plaintiff, who is the old man, as the defendant was In a position to see that water had come Into the building and the floor was wet. This wet floor would have greatly increased the chance of someone slipping over and causing injury. They would have known that failure to properly warn customers who both enter and leave the building…...
Business Law and Corporate Ethics
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If Letisha does not pay and Sudson sues her for breach of contract, what legal arguments could be raised in Letisha’s defense against the enforcement of the automatic renewal clause? Explain. Let us get a brief understanding of what the automatic renewal clause definition is, “An automatic renewal clause allows an agreement to continue for a defined period if the existing agreement isn't renegotiated within a specified time measured from the expiration of the current contract. The term of renewal…...
Business law essay
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1. Lorraine paid for her shipment using a certified check. The difference between a regular check and a certified check is as follows: a regular check is a guarantee from the check writer that there are enough funds in the account to cover the check. On the other hand, a certified check is a promise from the bank that there are enough funds to cover the check. Most banks take the money directly out of the customer’s account in order…...
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Business Law
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Whilst upgrading its computer centre, the University of Canberra invited tenders from all the leading computer manufacturers. From these it selected Peerless Computers, as it employed several former UC staff and offered greater price reductions, in comparison to the major firms. A contract was entered into between them, which stipulated that the delivery was to be made a week before the commencement of the next semester. It was communicated to Peerless that these computers were indispensable for the timetable regarding…...
Business laws and business ethics
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When one is establishing a business, it is important to understand the business law. Through the knowledge of business laws, is able to run the business without hindrances that may result from ignorance. Law brings numerous benefits in the business environment. For instance, law aids one to understand how different kinds of business entities are run (Latimer, 2012). Law helps one in understanding how each of the business operates, its structures as well as its legal requirements. Legal personnel also…...
Overview of Discovery and Settlement due to Business Law
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Other forms include negotiation and mediation. It is up to management to determine which form of litigation is appropriate for the organization. “The paperwork that is filed with the court to initiate and respond to a lawsuit is referred to as the pleadings” (Cheeseman, 2010). The process of the pleadings is the complaints, the answer, the cross-complaint, and the reply. All lawsuits start with a complaint. The answer must be filed by the defendant. In some cases, the defendant can…...
Business Law Cases
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The case presented here falls under the doctrine of Contract Act, 1872 and especially under the provisions regarding breach and remedies for breach of a contract. When the rights and responsibilities arising out of a contract are extinguished, the contract is said to be dissolved or terminated. A contract may be dissolved in any of the following ways: 1. By Agreement: A contract can be terminated by an agreement between the same parties who entered into the contract with mutual…...
Business Law, the Laws Applied in This Case Study
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Introduction Funster had suffered three forms of losses in this factual matrix, namely the broken ribs, the damaged iPhone and the torn T-shirt. Prima facie, Magic Studios is liable for the negligent damage caused to Funster. Therefore, whether Magic Studios should bear liability for the damage hinges upon whether they can successfully rely upon the exclusion clause set out in the ticket. The approach taken by the courts on determining the applicability of the exclusion clause is neatly set out…...
Aspects of contract and business law
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Identify the legal criteria for offer and acceptance in a valid contract A contract is defined as a legally binding agreement and are very important in business. This is because: * it is risky to enter into a business arrangement without some form of contract * this is because, in the event of something not going as planned, a business contract is your safety net * without a business contract that stipulates the procedures, policies and expectations of the concerned…...
Analysis of Legal Issues According to Business Law
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Question 1(a) The legal issue and problem in this question is whether Micky has a contract with Ureach Mobile Co. Section 11 of Contracts Act 1950 provides who are competent to contract, that is those who are of the age of majority according to the law to which she is subject, have sound mind, and not disqualified from contracting by any law to which he is subject (KrishnanL, RajooL, & VergisA. C,2009). On the other hand, the Age of Majority…...
Business Law and Charges Ace for The Equality
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A relationship in a business looks like an individual association. Both business and individual associations include: Three Kindergarten Nearest allies' to be explicit Tom, Dick and harry now being adult decided to acquire some certified money. In their social event, Tom is the business mind, Dick is the mechanical one and Harry is the imaginative one. Scarcely some other information given is according to the accompanying: Dick's movement young lady: DOROTHY (Dick's pupil) Harry's significant other: HELEN (Arrangements and advancing)…...
Business law conditional acceptance
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Forming a contract there must be six essential elements which are acceptance, consideration, intention to be legally binding, capacity of the contract and finally legality of the promises.1To archive an agreement between the offeror and offeree there is a formula whereby offer+ acceptance=agreement.2An offer has to be created firstly. An offer means the indication by one person to another of his willingness to enter a contract with the other person on curtain terms.3An offer can either be written or oral…...
Business law case study
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This essay will discuss the Case study by firstly identifying four elements of contract, then justifying duties of Mr. Martin with applying the principles of pre-existing contractual duties. Finally a discussion about part payment of debt and promissory estoppel will be explained. Likewise, this essay will evaluate the knowledge of common law and agency relationship. QUESTION 1 a) Four essential elements of a contract should be Offer, Acceptance, Intention to create legal relations and Consideration. Firstly, offer, according to Adams(2012),…...
Business Law. Specific Performance
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Business Law: Unit 6 Assignment 1 Specific Performance In the realm of contract law there are many ways of addressing breach of contract. The purpose of this paper is to analyze four separate scenarios and decide if the remedy of specific performance would be applicable to any of them. Specific performance is, “An extraordinary equitable remedy that compels a party to execute a contract according to the precise terms agreed upon or to execute it substantially so that, under the…...
Business Law Assignment
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The main point for consideration in this situation is whether the initial agreement between Packard and Hewlett constitutes as a contract that has a legal relationship, and if so, is Hewlett within his rights to void the established contract and sell the laptop to the offeror with a higher price. The General Principle of Law here would imply here that Hewlett and Packard, are in a contract due to consensus ad idem, in that a meeting of minds must be…...
Essay on A Case in a Business Law Sphere
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Signal Sets Company contracts to deliver one hundred 52-inch plasma high-definition television sets to a new retail customer, Tuner TV Store, on May 1, with payment to be made on delivery. Signal tenders delivery in its own truck. Tuner's manager notices that some of the cartons have scrape marks. Tuner's owner phones Signal's office and asks whether the sets might have been damaged as they were being loaded. Signal assures Tuner that the sets are in perfect condition. Tuner tenders…...
Performing Acts in Business Law
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The law of contract is about the enforcement of promises where the basic law, governs and relates to most aspects of human life. Contracts provide the means for individuals and businesses to sell or transfer property, services and other rights. Although the law of contract is about the enforcement of promises but not all promises are enforced by courts and to enforce a set of promises, or an agreement, courts look for the presence of certain elements; In other words contract…...
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