Business Law

Running head: BUSINESS LAW 1
Business Law
[Author Name(s), First M. Last, Omit Titles and Degrees]
[Institutional Affiliation(s)]
Author Note

BUSINESS LAW 2
Abstract
Business law is one of the major divisions of the law which governs the deals between people
and commercial matters. The extent of this law is broad in that it is somehow related to property
law. In property law, business law governs the relationship between the property owners and
their tenants. For instance, in a tenancy agreement, business law ensures that both parties, the
landlord, and tenant fulfill their obligation. Aside from obligations, the law ensures that each
party obtain the benefits of the agreement in a fair manner. Where these obligations are not
honored either by the landlord or tenant, the law steps in to award compensation to the injured
party. Thus, business law attains its objective in ensuring that each of the parties has reached the
point it contemplated during and after the formation of the agreement. This paper aims to
elaborate this concept by looking at case scenarios of involving Melissa and David, another one
involving Mr. Bob and Mr. Justin.
Keywords: landlord, Tenant, Rights, Obligation, Tenancy

BUSINESS LAW 3
CASE 1: Melissa and Bob
Question 1.
These principles involved are those that a valid agreement must have an offer,
acceptance, supported by a valid consideration (Furmston & Tolhurst, 2010, p. 11). In the case,
Melissa is the offeror and David is the offeree. The house is the offer and $3600 per month is the
consideration. Once a contract is made, both parties are left with rights and obligations to fulfil
(Furmston & Tolhurst, 2010, p. 11). David is obliged to pay rent and Melisa is obliged to give the
house to David.
Question 2:
The Residential Tenancy Act allows Melissa a right to collect both rent and deposit, right
to enter the house, increase the rent, and a right to evict. David has the obligation to pay rent
maintain cleanliness, and make repairs of undue damages (Residential Tenancy Act, 2006).
Question 3:
Issue
Is Bob indebted to Melissa for amount that has not been paid for the rent, and which
amount is he required to pay?
Rule of law
Section 59 requires the landlord to provide a notice of termination of the tenancy (N4) in
case a tenant fails to pay rent. The landlord can later file for an eviction and recovery of arrears
with Landlord and Tenancy Board (RTA, 2006).
Application of the rule of law
On application, Melissa will need to give N4 to David and wait for the lapse of 14 day.
Melissa later file for an eviction with the Board if David does not pay. In (D’Amico v. Hitti,