Business Law and Ethics

BUSINESS LAW AND
ETHICS
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TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
1. Contract law and all blue prints of contract..........................................................................3
2. Court system in relation to English legal system and advice parties the court it may pursue
for action......................................................................................................................................4
3. Advise Hilary related to binding contracts exist between it and each of the party that is
Amy, Eleanor and Olivia.............................................................................................................5
4. Remedies available to parties...............................................................................................6
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7
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INTRODUCTION
Business law can be defined as body of law that governance or regulate the way business
operates its several function so that end objective can be achieved. In another words, it deals will
all legal aspects that need to be followed while running business so that no harm or undue
influence can be caused to other. On the contrary note, ethics are moral values, key principles
and ethic that need to be abided by company in order to grow and expand its business operation
and gain customers satisfaction. This report is based on case study of Hilary, Amy, Eleanor and
Olivia which involves some ethical and business law issue. So it has include key information
related to contract law and all its blue prints, court system in relation to English legal system.
Furthermore contain advise Hilary whether it has binding contract with Amy, Eleanor and Olivia
or not and alternative remedies available to them.
1. Contract law and all blue prints of contract
Contract as legal binding of people or general agreement between people that particular
person will complete specific task in exchange for getting sufficient amount of money. It helps
in clearly informing about legal rights and obligation of particular individuals which involves
exchange of good, services or any type of promise. The blue print of contract includes six
elements such as contractual offer, acceptance, consideration, legality, capacity and mutuality
which can be explained in detail as follows;
Contractual offer: it is one of the basic elements of contract in which someone that wants
something and other that have capability to provide the same make an agreement between each
other which is known as offer. In the contract one individual make offer to sale its products and
services and other individuals accept the same that lead in binding contract between them.
Moreover the offering involves exchange of product or services in return for getting something
in return or particular value (Austen-Baker, 2017). Likewise in all of the above case Hilary has
offered Amy, Olivia and Eleanor to make purchase of different things in order to satisfied their
respective requirements.
Acceptance: This is second stage at which the offer has been accepted or rejected by the offeree,
such as in the above case study none of the parties has accepted the offer of Hilary accept the
Amy. As it has wrote letter to Hillary that it is ready to buy computer at £1,000 but it change her
mind before it reach at its home.
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