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Business Law Coursework for Managers

   

Added on  2023-06-10

8 Pages3271 Words470 Views
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Business Law Coursework for Managers_1

Contents
INTRODUCTION.....................................................................................................................................2
MAIN BODY.............................................................................................................................................2
Part 1..........................................................................................................................................................2
Part 2..........................................................................................................................................................4
Part 3..........................................................................................................................................................5
CONCLUSION..........................................................................................................................................7
REFERENCE............................................................................................................................................7
INTRODUCTION
Business law is a civil body that includes regulations for the efficient operation and management
of businesses and the individuals who work for them. As a result, it is needed for every
organization to comply with the norms of numerous business laws in order to ensure the
effective and seamless operation of the business. Furthermore, because business law is such a
broad term, it encompasses a variety of other laws such as company law, employment law, and
contract law. Because the country does not have codified laws, the legal structure of the United
Kingdom is made up of both common and statutory laws(Marson and Ferris, 2018). Contract law
is a branch of law that deals with all types of agreements and contracts that occur between
parties. Furthermore, in order for contracts to be legally enforceable, both parties must fulfill all
of the needed criteria, which include the offer, acceptance, consideration, and legal intention.
The report will go over the three parts that pertain to the various circumstances. The first section
of the report delves into the fundamentals of contracting. The second section discusses the extent
to which firms can exercise the title of an independent legal entity, while the third section
explains the rules established in the Foss v. Harbottle case.
Business Law Coursework for Managers_2

MAIN BODY
Part 1
Beauty & Health Ltd. Is a manufacturer of vitamin pills. One of the most popular product
is a pill aimed at boosting hair growth. After seeing a commercial for this product, which
stated that the regular use of these pills makes your hair grow 10 cm in just a month,
Karen buys a box. However, despite taking the pills every day for a month , Karen's hair
has only grown 2 cm. Can Karen sue the manufacturer for breach of contract?
In the given case, the advertisement promoting hair vitamins pills not only mislead the
consumer but also violates several basic rights of consumers such as right to consumers, right to
information and right to choose etc. Advertisements which encouraging their products put great
influence on the consumer therefore, should be fair and trustful. Any advertisement misleads
and falsely representing the products are not just unethical but immoral as well. Especially,
products promoting solution of health related issue which may directly or indirectly affects the
human body has to follow certain criteria of agreed standards of good practice. It should not
contain any substance that cause serious injury to the health and risk the safety of the consumer.
In the United Kingdom, a contract is a legally binding agreement that meets the key elements of
a valid contract)(Davidson and Forsythe, 2020). In the situation at hand, an advertising was
created to entice customers to buy hair-growing tablets, but it was unsuccessful in increasing hair
growth. In this circumstance, neither the product's efficiency nor its accuracy are met in the
tablets. As a result, the descriptive language in the advertising are meant to tie the customer to
the conditions and are seen as an invitation to treat under contract law. This is known as
advertising, which is often an invitation to treat in which the customer makes a purchase offer to
the vendor.
As a result, accepting such an invitation creates a legal contract between the parties.
Karen is entitled to sue the manufacturer for breach of contract due to a product flaw. There is a
possibility of bringing a product liability case to court and claiming damages. According to EU
legislation, the final consumers are protected from deceptive advertising and malpractice by a
variety of rules and regulations. The UK regulation attempts to protect consumer safety by
introducing safe products to the market, and the General Product Safety Directive's principles
deal with minimizing product risk. In addition, company law contains a variety of statutes and
provisions for obtaining redress. The goal of contract law is to allow parties to seek redress for
the breach of their legal rights, including damages, specific performance, injunctions, money
refunds, and a variety of other remedies(Eisenberg, 2018).
The following are some of the remedies provided for violation of contract:-
Rejection: Consumers in the United Kingdom have the right to reject to purchase products and
ask for a refund within a reasonable time frame.
Damages: Under common law, a consumer can seek reimbursement for repairs caused by
defective products, and he also has the right to sue the manufacturer for damages.
Fix & Replacement: The customer can also request that the manufacturer repair or replace the
product he purchased within a reasonable time frame.
Business Law Coursework for Managers_3

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