Business Law Answer 2022

Running head: BUSINESS LAW
Business Law
Name of the Student
Name of the University
Author Note

BUSINESS LAW
1
Table of Contents
1. Answer............................................................................................................................2
Legal Issue:................................................................................................................2
Law:............................................................................................................................2
Application:................................................................................................................3
Conclusion:................................................................................................................3
1. Answer............................................................................................................................4
Issue:..........................................................................................................................4
Rules:..........................................................................................................................4
Application:................................................................................................................5
Conclusion:................................................................................................................6
2. Answer............................................................................................................................7
Issue:..........................................................................................................................7
Law:............................................................................................................................7
Application:................................................................................................................8
Conclusion:................................................................................................................8
References:............................................................................................................................10

BUSINESS LAW
2
1. Answer
Legal Issue:
The legal issue involved in the present case study is whether the Transglobal
Alarm Monitoring Pty Ltd will be allowed to avoid his liability towards the Fine
Diamond Jewellery by applying the exclusion clause provided in clause 10 in the
contract.
Law:
The exclusion clause can be depicted as a specific term in the contract that
particularly excludes one party to the contract from his liability to perform his part in
it. The exclusion clause can also limit the liability of the party to some mentioned
conditions or circumstances. Such exclusion clause can be included in a contract with
an intention for limiting or excluding the responsibility of a party for the breaching of
contract. The court will consider such clause to be valid as well as binding on the
parties if the conditions mentioned below are satisfied;
Incorporation in the contract: The exclusion clause may be incorporated in
contract by the following ways; by the signature, by notice or by previous course of
dealing. It can be included by means of signature by both the parties as seen in the
case of L’Estrange v E. Graucob Ltd [1934] 2 KB 394. If the parties sign the
written contract, then they are bound by the terms of the contract. But, if there is any
misrepresentation, the clause will have no effect as seen in Curtis v Chemical
Cleaning [1951] 1 KB 805. Further, the party who wants to depend on such clause
must provide a reasonable notice to bring it to the other party’s attention as seen in
Thompson v LMS Railway [1930] 1 KB 41. The clause can be incorporated by
means of past dealings as observed in Spurling v Bradshaw [1956] 1 WLR 461.