Business Law and Ethics: Specific Contracts and Corporate Social Responsibility

Business Law and Ethics

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY(PART 1)...................................................................................................................3
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business law and ethics are those aspects playing crucial role in order to develop and
maintain growth more effectively. These perspectives make business enhanced more effectively
helping in generating opportunities for growth of business possible. This leads over making
business develop its environment more effectively. Business laws has helped in developing
guidelines and rules formed in order to make business established more effectively. Also ethics
helps upon forming strong structure for business making its internal environment improved more
effectively. These concepts makes business grow in right direction by making overall growth
possible for business. Scope of both business law and ethics are wider as they tends to improve
business more effectively. Nature is dynamic as it makes business perform its functions in
dynamic manner. The essay is based over contract law an its types which is specific contracts
relating over specific situation in relation over business functions. Also the essay is based over
corporate social responsibility concept which is based over dealing with issues related to social
welfare.
MAIN BODY(PART 1)
Discuss the remedy of specific performance and the limitations imposed by the
courts on this form of relief, with reference to relevant case law and legislation with respect
to Contracts.
Sam is needed to develop understanding about contract laws which is based upon making
agreements formed within an organization. Contract laws are those laws used for developing
business over needs of an organization. Contract law deals with agreement formation that is
converted into legal contract. These laws creates are based upon certain elements like offer,
acceptance, legality and validity. The elements has important role to play within business
agreement as offer is based upon presenting idea to another party, acceptance is related over
accepting idea or offer presented by another party. Legality is based over law that has been
applied within contract formation or the chosen legislation and then comes validity used for
checking validity of applied contract(Hillman, 2022). If ant of the given element is not present
then contract cannot be created. Further, contract laws forms agreement on both verbal and
written manner which leads over making promise an valid contract in the eyes of law. An
agreement can be contract but contract cannot be agreement. Under contract law various kinds