Business Law and Ethics: Contracts, Court System, and Remedies

Business Law and
Ethics

Table of Contents
PROJECT 1- INDIVIDUAL ESSAY...................................................................................................3
INTRODUCTION................................................................................................................................3
Contract law and its blue prints ......................................................................................................3
Court system in relation to English legal system and advise the parties above which court action
to pursue...........................................................................................................................................4
Advise Hilary as to whether binding as whether binding contract exist within herself and each of
following people i.e., Eleanor, Amy and Olivia..............................................................................5
Explain and discuss various remedies available to the parties........................................................5
CONCLUSION....................................................................................................................................7
PROJECT- 2 INDIVIDUAL REPORT................................................................................................8
INTRODUCTION................................................................................................................................8
Discuss this case in relation to ethical corporate governance and the Sabance-Oxley Act of 20028
CONCLUSION..................................................................................................................................11
REFERENCES...................................................................................................................................12
Books & Journal:................................................................................................................................12

PROJECT 1- INDIVIDUAL ESSAY
INTRODUCTION
In organisation, rules, regulations, law play important role in business. Business ethics and
laws are defined as study of area to which focus on govern the morals and principles of
organisations (Crane, 2019). By focusing on law and ethics, it is possible to increase the smooth
functioning of business. This report comprises of two projects 1 and 2 in which it includes
different case studies. In project 1, it includes contract law & blueprints, English Legal System,
advise related to given case study, different remedies. In project two, it comprises of individual
report in it focuses on ethical corporate governance & Sabance-Oxley Act of 2002 and discussion
of the case in terms of Corporate Governance and ethics.
Contract law and its blue prints
Government play important role in managing and maintaining the rules and regulation in
both professional and personal ways. Contract law is defined as a written agreement governing and
defining the legal promises binding both the parties. It is a critical procedure which is required to be
carried out with proper consideration. A contract is only established between the parties when there
is mutual understanding & coordination between them. Every country have different contract law
according to which they make their decisions. In this, it comprises of several elements which are
offer, acceptance, consideration and legality. By focusing on these elements, it is possible to
establish a legal contract. The first component is offer in which it specifies that to enter into a
contract it is important to make an offer to other person. If the offer is not made then, negotiation or
exchange process cannot be carried out properly (Mea, 2019). Then in second component is
acceptance which depicts the offer is accepted by an offeree. Third one is consideration in which it
shows the object, value etc. for which the contract has been established. It is essential to consider
this so that decisions making process is carried out in correct way. Then at last, is legality in which
it shows that to create a valid contract, it is important to follow statutory regulations. It is needed to
carry out this so that problems do not occur future period of time. All these components are required
to focused in correct way so that it become easy to form a legal contract law with following proper
legal considerations.
With different rules & statutory legislations it is difficult to form a contract because
everyone have different point of perspectives. Therefore, with deep level of understanding of all
government rules & regulation it is easy in formation of a contract. Moreover, it is also crucial to be
aware about them so that other process as well as procedures are carried out effectively. By
understanding these components, it is easy to carry out the all contracts decisions in most efficient

manner. Thus, deep level of critical analysis of blueprints as well as laws assist in carrying out
process in better way. With given case study, it is crucial to choose correct court of action so that all
decisions are adopted in a proper way.
Court system in relation to English legal system and advise the parties above which court action to
pursue.
In every country, legal system are of different types according to which they make
decisions. Legal system are defined as procedures which comprises of several elements like
common law, civil law and judiciary law. All these elements leads to legal system which governs
different forms of laws & guidelines. It is important to have a proper knowledge about such
components so that correct form of court are being chosen by parties. In terms of given case study,
disputes were between offeree & person who is offered (Hilary). This is necessary to be aware
about these court actions so that correct option is selected for the occurred situations.
The court system & English Legal system are related to each as they both depicts the
formation or principles related to contracts and assist in solving issues. English Legal System are
necessary to be established so that every procedures are carried out in legal way. In UK English
Legal System is based upon several laws & it is of two types public and private. Further legal
system includes legislation, common law & the judiciary. In legislation, it states and deals with
parliament of UK. In common law, it focuses on legal system of England and Wales. This common
law between these two regions mostly focuses on criminal cases. Further one is the Judiciary, which
shows it focuses on two courts one is civil & criminal which is explained below-
Civil Proceedings- This civil proceedings focuses on solving of problems between parties
premises. It commonly focuses on civil concepts which are solved under civil proceedings. It also
includes many courts who focuses on these concepts they are supreme court, magistrates court etc.
(Mea, 2019).
Criminal Proceedings- In this, it focuses on criminal cases or illegal activities which arises
between parties. Under this, courts are being selected with proper consideration so that disputes are
solved in proper manner (Smits, 2017).
Thus, the stated paragraph shows that it is essential to choose courts so in relevance with
given case study they can choose legislation & supreme court for solving of their disputes. It will
help in getting the better results for occurred situations. Furthermore, it is crucial for parties to
understand and go through every legal system so that everything is carried out properly.
Advise Hilary as to whether binding as whether binding contract exist within herself and each of
following people i.e., Eleanor, Amy and Olivia.