Business Law and Etic

BUSINESS LAW AND
ETHIC

INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Case scenario...............................................................................................................................3
What is tort and duty of care........................................................................................................4
Under doctrine of tort considered whether Extortion PLC is liable for Samantha’s injury........4
What are the ethical considerations if any does bank owe to public...........................................5
Are there any possible defense for Extortionate PLC.................................................................5
CONCLUSION................................................................................................................................6
REFRENCS.....................................................................................................................................7

INTRODUCTION
Business laws are those types of laws that are used for establishing of an organization
within a country. In these certain rules and regulations has been give which are going to be used
by organization to set them up. Types Ethics are that code of conduct which helps in maintaining
of order and balance in professional or workplace. Both this has an very wider scope in terms of
laws and work to be done within an organization. Also nature is dynamic because it affects
professionals of work place. In this file things is going to be based upon law of tort. A case study
has been given and certain question are required to be answered.
MAIN BODY
Case scenario
In this case Samantha went to her local bank two weeks ago. Bank name is Extortionate
PLC for inquiring of loan which she needed for new business start-up. As Samantha was leaving
the bank she tripped and fell down the stairs where a carpet has come significantly at the sides.
In order to protect herself she putted her hand in front of it. This resulted into injuries on her
hand and nails got exposed to bottom of stairs. Extortionate PLC had an clause limiting any
liability against personal injuries and damages. After seeing this her friend messaged few days
later to Samantha. She told that she was not the only one fallen from stairs and that many had
fallen. Also she sent her a link where lots of client are calming for injuries (Huang, Ran and Liu,
2019).
What is tort and duty of care
Tort law is the area of the law that covers most civil suits. Generally, every claim that arises in
civil court, with the exception of contractual disputes, falls under tort law. The concept of this
area of law is to redress a wrong done to a person and provide relief from the wrongful acts of
others, usually by awarding monetary damages as compensation. The original intent of tort is to
provide full compensation for proved harms. Lawsuits involving contracts fall under contract
law. Tort law can be split into three categories: negligent torts, intentional torts, and strict
liability torts. Negligent torts encompass harm done to people generally through the failure of