Business Law and Ethics: Breach of Contractual Relationships & Remedies

Business law and
ethics
Table of Contents
INTRODUCTION......................................................................................................................3

MAIN BODY.............................................................................................................................3
PART 1.......................................................................................................................................3
Breach of Contractual Relationships & Remedies.................................................................3
Remedies available to Raymond........................................................................................4
Would answer be different if Samantha had paid Raymond the £200 three weeks earlier
than the debt was actually due, and Raymond had agreed to this?........................................4
What would be the legal position if Raymond had requested a £400 payment from
Samantha as full and final settlement?...................................................................................5
What advice will have for Samantha.....................................................................................5
CONCLUSION..........................................................................................................................7

INTRODUCTION
In organisations, wide range of functions, operations and business activities are
executed. Business law and ethics are important for organisations which are to be considered
so that goals as well as objectives are achieved in proper manner (Basha, 2020). These rules
or legislations have wide impact on business operations and functions. In business, it is
crucial to focus on rules & regulations on basis of which everything is carried out
appropriately. It is seen that it is necessary for enterprises to hire legal practitioners within
management which brief them about government laws, & other information.
MAIN BODY
PART 1
Breach of Contractual Relationships & Remedies
In market, it comprises of large, medium, small enterprises who execute their
activities with proper consideration by following all rules, law and under government
considerations. Contract is defined as agreement between two or more than two people,
organisations which is carried out in order to achieve common desired goals. Main aim of
using contract is to expand business, activities and achieve goals within period of time. It is
important to consider contracts in proper manner so that it is easy to achieve the objectives.
Raymond who comes under contract with Samantha to get work done within period of time
and at affordable prices. It is not essential that everything happens according to the guidelines
of contracts. So, it is required by both parties to communicate effectively on basis of which it
is easy to maintain formal and personal relationship in appropriate way. Basically there are
various types of contracts such as Adhesion contract, Unilateral & Bilateral, Express &
Implied contracts etc. Relying on parties goals or objectives, types of contract are being
chosen.
Breach of contracts
It is defined as situation that occur at time when one party breaks or fails the
guideline or considerations of contracts due to any cause (Beatty, 2018). It is crucial, to be
well aware about much situations so that it is easy to implement strategies or provide
situations to problem. In business perspectives, such type of situations does arise many times
which are required to be solved properly. In given case study of Samantha and Raymond, it
does reflects the breach of contracts.
It is necessary for both parties to go through the contracts so that decisions making
process is carried out in most efficient manner.