Business Law and Ethics Assignment 1

Business Law
and Ethics-
Assignment 1

Table of Contents
INTRODUCTION...........................................................................................................................................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...........................................................................................................................5
Explain and discuss the various remedies available to the parties..........................................................6
CONCLUSION...............................................................................................................................................6
REFERENCES................................................................................................................................................7

INTRODUCTION
Legislation is the body of government which has the specific role to form laws and
policies for the nation. The policies which are formed is essential at the moment because it do
not allow any of the person to commit any of the illegal activity which can create issue for
society or for the nation. It is essential to understand that whenever any of the business activity
are being performed law plays essential role as decision making process becomes easier and
faster. The specified law for commercial sector is business law. In addition to this, ethical values
should be also given equal importance where commercial department should be able to ensure
that their decision will not affect society, nation or environment.
Define contract law and describe all the blue prints of a contract.
The contract law is all about development of legal relation between the involved parties.
Contract are being formed between different parties at different level which means that legal
relations can be developed only with the help of contract law. Parties that are involved within the
contract gets the idea that how they need to perform their any of the task. Above all this, the
most important criteria that needs to be understood under contract law is that party should not
leave their part of work before completing it (Bu, 2019). The breach of contract is understood as
worst situation under which innocent parties may have to suffer at initial level because of the
decision taken by other party. On the other side there are number of benefits which can be seen
within the contract law such as party gets the idea that how they need to perform their work and
what are the criteria that needs to be fulfilled. Also, it helps to identify the benefits which can be
obtained once work is completed by the involved parties.
The detail procedure of contract law is lengthy and number of criteria as well as elements
of law needs to be considered as a part of blue print of the contract. The first step of the blue
print is offer where invitation is given to the person where each of the necessary information are
mentioned stating that how which types of work will be performed and what are the criteria that
needs to be fulfilled by the involved party. The scenario of the offer is needed to be judged by
offeror that whether they are interest or not. If offeror shows their willingness then they need to
draft a written consent stating about the acceptance of the offer. The other blue print of the