Business Law: Contract Formation and Rights and Responsibilities

BUSINESS LAW

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
State what a contract is, and the conditions for forming one. Then, advise Avril and Belinda
on which contract(s), if any, have been formed in this negotiation and their rights and
responsibilities under such contracts...........................................................................................3
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business laws are the law that is been used in order to make establishment of business
done in more effective way. These laws makes am organization develop proper framework that
is been used in order to make process of business organization done in more effective manner.
These laws lead upon achieving goals and objectives which is set by an organization. Also these
law deals with both corporate and commercial activities that is why known as commercial laws.
In these laws business organization is been directed with proper guidance and rules that makes
business organization operate in more effective way. Scope of these laws are wider as these laws
impact business organization directly. Nature is dynamic that makes business environment
improved with efficiency. In this essay things covered is based over contract law and various
aspects related to it.
TASK
State what a contract is, and the conditions for forming one. Then, advise Avril and Belinda on
which contract(s), if any, have been formed in this negotiation and their rights and
responsibilities under such contracts.
Case study: The facts of the case says that Avril is an service provider and deals upon
making advertisement formed through local news paper and online mode is been used. Belinda
and Avril come into contract with each other in relation to business. According to the contract it
is decided that price range is been decided which is of seven fifty euros and time period over
accepting the offer is seven days(Burns and et. al., 2021). In this email is been send that makes
acceptance done upon price range of nine hundred euros. The contract formed within parties is
just an offer that is been made with the help of advertisement but no acceptance is shown upon it.
Since parties to contract are Avril and Belinda. State about condition of contract formation
according to facts of the case it is been find out that contract laws is been applied within it. These
are the laws which has been formed in order to make an agreement attain position in the eyes of
law. Such laws provide about explanation over rules needed to be followed by parties while
forming an contract. Also contract law helps in developing transaction that is been attained
regarding both monetary and trade relation leading upon making agreement attain strength in the
eyes of law. Further the law provides basic framework over forming contract in more effective
way. Also it leads over making contract attain agreement legality within the eyes of law. This