Business Law and Ethics: Contract Law and Rights of Parties in Case Scenarios

Law and Ethics

Table of content
INTRODUCTION...............................................................................................................................3
MAIN BODY.......................................................................................................................................3
CONCLUSION....................................................................................................................................5
REFERENCES....................................................................................................................................6

INTRODUCTION
Business law is generally a commercial practice which helps out to manage all the
corporate and the organisation to carry out their legal implications with the rules and
regulations which are being applied in it. This provides a major role in functioning and the
management through which all the systematic approach in the organisations can be attained.
Some of the important laws in it are employment law, companies’ law, IPR, contract law etc.
contract law is generally a rule and the applications which is being made in order to frame the
agreement between the two parties which is being enforceable. On the other hand,
employment law terms out to be the protection of all the employees who are being working in
the organisations (Delfino, 2021). In this essay there will be provided all the necessary
elements and the conditions which are being required to frame a contract and further will also
provide the responsibilities and rights in the case scenario.
MAIN BODY
Case Scenario 1
Contract law can be termed as a written agreement which is being applied in two or
more parties with their consent and the mutual obligations to enter in it. This can also be
termed as an agreement which is being given and enforced by law and creates a binding
impact on all. In order to protect the rights of the individuals who enter into contract there are
general remedies and the claims which are being given to the aggrieved parties.
There are some major essential elements which are being given in the contract law
without which no agreement can be fulfilled it is mainly, offer which is also being known as
invitation to treat that is being provided by one party for fulfilment of task or to make any
agreement to be done or the expression of willingness with the contractual terms. Offer can
be communicated by the offer to another party (Schulze, and Zoll, 2021). Then there is
acceptance which is assent that is being provided by the other party for the invitation which
is being provided to them earlier as an offer. Acceptance can be expressed or implied and will
always be termed to be qualified when the party gives their approval for doing that task. This
can be given in an oral or written manner. Thirdly there is consideration which is generally
the monitory value or the money or the sum that is being fixed by the parties for the
fulfilment of the contract. As this is the value which is being decided for the completion of
task. No contract can be applied or made without fixing their values. Lastly there is legal