Business law

BUSINESS LAW 7 Business Law Introduction Contracts are agreements, which can be made orally, or in writing, the agreements constitute of offer and acceptance. When two or more parties agree through offer and acceptance, and provide consideration, they create a legal relationship, which is legally binding and actionable by the law of contract. When Peter places an advertisement in the local paper, he gives information of the Rolls Royce, which anyone can make an offer and when accepted by Peter

Chapter 1 THE NATURE AND SOURCES OF LAW A. Nature of Law and Legal Rights 1. LEGAL RIGHTS 2. INDIVIDUAL RIGHTS 3. THE RIGHT OF PRIVACY 4. PRIVACY AND TECHNOLOGY B. Sources of Law C. Uniform State Laws D. Classifications of Law Copyright 2010 Cengage Learning, Inc. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Licensed to: iChapters User 4 Part 1 The Legal and Social Environment of Business law – the order or pattern of rules that society establishes

Qn 1: Whether James can hold the Happy Holiday Hotel for the loss of his property under the common law? The issue of this case will be whether James can hold Happy Holiday Hotel responsible for the loss of his property notwithstanding the exemption clause found in the hotel rooms. Under the Exemption Clauses in Common Law, it states that in order for this clause to be valid, the clause must be included in the contract when the contract is made. If there is any attempt to include it in after the

conditional constitute consideration? Yes, such a promise consideration even if the condition is unlikely to occur. 3. What is the general rule about the adequacy of consideration? The adequacy of the consideration is irrelevant because the law does not prohibit bargains. 5. Is there consideration when a secured note for a lesser amount is given and accepted in discharge of an unsecured note for a greater amount? Explain. No, because if a secured not for a lesser amount is given and

nature of liability in negligence & (3.3) Explain how a business can be vicariously liable 4 (4.1) Apply the elements of the tort of negligence and defences in the above different business situations for the legal officer who is assigned to VJSC & (4.2) Apply the elements of vicarious liability in above different business situations for the legal officer who is assigned to VJSC 8 Conclusion 11 References 12 Introduction Law plays important roles to protect benefits, obligations and

Having in regard all the information that is given in the Case Study, what is, in your opinion, the best Investor/Partner choice for NatuRi Corporation? Is it the Angel Investor, the Strategic Investor, Waltham Partners or Westlake Partners? Please justify your answers. In order to make a comprehensive review, we will discuss each investor/partner choice separately on its positive and negative aspects. Angel Investor The angel investor is a wealthy individual who is willing to make a personal investment

Introduction: E&Z Electronics is a retailer which purchases L&G products in bulk and then sells them to customers. Recently a customer, El. Hajji Mohammed bought an L&G washing machine from E&Z electronics who later on suffered legally recognizable damages. The washing machine resulted in not only injuring Mohammed but also causing destructive damages to his home. The issue here is, could the court hold both L&G electronics and E&Z electronics liable for the damages caused

Acme Fireworks Angelica DiMaggio Instructor Malvin BUS311: Business Law May 26, 2016 Acme Fireworks is a reputable fire work company that falls under the form of retailer. In order to gain consumers and sell their products they must put out ground display’s of their fireworks as well as a variety of aerial fireworks, especially their larger products. This company started out as a small family owned business in the back of a man’s garage and as he grew and drew in more consumers he

Written Assignment Unit one BUS3305 Introduction The law as a whole is essential in every society as it serves as a guide for citizens to carry out their daily activities without the fear of repression. The absence of the law in any society always leads to instability, making it difficult for businesses to establish in such society. As the law affect almost every area of our lives, understanding how the law affects business in my country of origin, “Cameroon”, is quite useful as this information

Understanding Business Law Commercial law, also known as business law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. It is often considered to be a branch of civil law and deals with issues of both private law and public law. Business law is very important when starting a business. It will help you operate your business without the hindrances of ignorance. Business law will help you prepare for