BUSINESS LAW. Contract Law. STUDENT ID: [Pick the date]

BUSINESS LAW
Contract Law
STUDENT ID:
[Pick the date]

BUSINESS LAW
Question 1
Based on the given facts, it is apparent that there has been a breach of contract by Mayfair.
Additionally, owing to fraud being committed, torts of concealment and conspiracy are also
applicable. Mayfair was aware that there was a significant likelihood of a labor strike during
the contractual period which could adversely impact the contractual obligation (Peel 78).
However, the company still did not disclose the same to us. Instead, they added a clause to
relieve them of any liability in case of labor related issues and thereby safeguarding their own
interests. We relied on Mayfair to discharge their contractual liabilities in good faith but we
suffered injury on account of misrepresentation and concealment of material facts by them.
Loss has been incurred by us in the form of reputation loss coupled with contractual loss with
the customer. The proximate cause for this loss is the fraudulent misrepresentation on the part
of Mayfair and hence contract has been breached (Andrews 113-114).
Question 2
No, it would not be correct to conclude that the remedy available is limited to only breach of
contract. It is apparent that there has been fraudulent misrepresentation on the part of
Mayfair as a factual piece of information was intentionally not told even though it had the
potential to adversely impact us. Also, had we known about the impending labor issue at
Mayfair, it is highly likely that we would not have entered into contractual relationship with
them. Therefore, it is apparent that the concealment of information was intentionally carried
out so as to induce us into entering the contract. Thus, in the given situation, it is highly likely
that we may charge Mayfair with multiple issues ranging from concealment tort, committing
fraud and hiding vital information with the potential intention to defraud. In such a scenario,