Business Law and Ethics

Business Law and Ethics

Table of Contents
INTRODUCTION...........................................................................................................................................3
MAIN BODY.................................................................................................................................................3
Define contract law and describe all the blue prints of a contract..........................................................3
Explain the court system in relation to the English legal system and advise the parties above which
court(s) action to pursue.........................................................................................................................4
Advise Hilary as to whether binding contracts exist between herself and each of the following people :
Eleanor, Amy and Olivia...........................................................................................................................4
Explain and discuss the various remedies available to the parties..........................................................5
CONCLUSION...............................................................................................................................................6
REFERENCES................................................................................................................................................6

INTRODUCTION
Business law and ethics is important section for any of the organisation in continuing
their business activity. It is mandatory that guidelines of business law should be considered at the
time of taking any sort of decision. Organisation failing to meet out the criteria always has to
suffer because they do not find out the actual way that how they can accomplish their goals. In
respect to given criteria of the file, there are number of topics that needs to be focused and they
are they are related with contract law, court produce along with solving the case study and what
are the remedies which are available in any of the case.
MAIN BODY
Define contract law and describe all the blue prints of a contract.
A contract is being described as "an obligation that has been enforceable by law from all
parties to a contract." Law of contract really is an important principle that individuals are using
in their everyday routines. The agreement is not always in formal writing however, an agreement
could also be in verbal form. In order to form a contract, it is necessary to have at least multiple
contracting parties creating a service agreement. There is a requirement of forming contract is
just to ensure about the duty and obligation which must be done by any of the party while
performing their part of work. It is a legal obligation that once contract is formed none of the
contracted party can revoke form performing the work.
While discussing about the blue print of the contract, it is necessary that each of the terms and
condition must be fulfilled. Any of the contract can be formed where there is offer and
acceptance. Talking about offer, it is the step where one of the persons shows their willing to
perform, they’re with another person. In this situation, it depends about offeree that whether they
are interest to it or not and if not, contract will not be formed. On the other side, invitation to
offer is never considered as offer as only advertisement is done in this respective process. The
case related to offer which has been discussed previously is Harvey v Facey 1893 (Sison, 2018).
There are other essential terms and condition which should be considered as consideration is also
important within the contract as it tells that contracted party will exchange something in return
while performing their part of contract (Ciocchetti, 2016). In addition to this, intention to create
legal relation is also essential so that part performance can be done in a successful manner. It