Business Law and Ethics: Specific Contracts and Corporate Social Responsibility

This essay discusses the importance of business law and ethics, with a focus on specific contracts and corporate social responsibility. It covers the elements of contract law, relevant case laws, and the advantages of CSR for an organization. The essay also highlights the limitations of specific performance as a remedy for breach of contract. The subject is Business Law and Ethics, and the course code and college/university are not mentioned.

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

of contracts are present out of which most important contract is Specific contract. These varieties
of contracts are primarily based totally upon forming numerous forms of views that are unique in
nature(Konovalova and et.al., 2018). Contracts that have positive unique capabilities are referred
to as unique contract. These varieties of contracts are wonderful from different contracts over the
phrases and conditions, however, for the ones offerings or matters not regulated in the Specific
Contract this file shall apply. General Offer is made to the entire international at large. A unique
Offer is made to a few unique person. A popular provide may be taken into consideration
through any person. A unique provide may be usual through best a selected person. Specific
contract is based upon various kinds of aspects that has been dealing with all kinds of
perspectives which is used in order top develop agreements which are specific in nature and
various kinds of aspects has been discussed. Also specific contract makes an business
organization operate more effectively which tends to improve business and its functions. Under
specific contract special conditions within contract are handled. Specific contracts makes
business uplifted within out any problems. Through specific contract remedy is also provided in
case when parties has breached contract. Also in this courts listen to full condition and then then
gives judgement over it. Thus specific contracts are most important part of contract which makes
agreements formed under unique conditions. This makes specific contract more effective in
nature which makes business agreements become more strong in nature. . There are certain
relevant cased which makes understanding developed over specific contract which are,Co-op
Insurance Society v Argyll Stores, Co-op Insurance end up landlord of Hills borough Shopping
Centre in Sheffield which consisted of 25 retail outlets. In 1979, Argyll Stores took a lease of
one of the gadgets for a period of 35 years for the cause of walking a Safe manner grocery save.
The lease contained a covenant through manner of method of which Argyll agreed to use the
hollow as a grocery save and maintain it open for the duration of the equal vintage hours of
enterprise. However in 1995, head administrative centre of Argyll Stores took the choice to close
27 of their supermarkets which encompass the most effective at Hillsborough which end up
shopping for and promoting at a loss. Co-op Insurance sought particular standard overall
performance of the covenant, fearing the impact on specific buyers at the net internet site on-line
if the Supermarket end up to close. It end up held thru manner of method of court docket that
Specific standard overall performance end up refused. Warner Bros v Nelson: The case advise
that with the aid of using agreement the defendant actress Bette Davis, agreed to act entirely for

Warner Bros for 2 years. The agreement stipulated now now not simplest that could she now
now not act for a few different but moreover she have to take no employment of any kind. Bette
Davis then moved to England and in breach of agreement entered an agreement to act for a few
different. Warner Bros sought an injunction to save her from doing so. Held: An injunction
became granted but simplest in up to now as it prevented Bette Davis from acting or performing
for a few different. The term concerning no employment of any kind became severed and did
now now not form part of the injunction.
Corporate Social Responsibility means those approach which is used over making social
accountability formed for an organization. The business enterprise attains duty towards society
which leads towards solving problems which impacts society in positive and negative. It helps
business in developing proper structure leading towards making society better place to live. CSR
responsibilities tends to make an business enterprise create strong relation with individual living
within society. CSR deals over social, economic and environmental issues existing in society.
Through solving these issues society is able to achieve social goals and objectives more
effectively. Further, In relation to social issue it deals upon issues related to health and safety. In
relation to economic issues an organization creates employment opportunities which tend to
reduce unemployment within society. In relation to environment issue the organization creates
awareness over pollution, carbon footprints and waste management which makes society cleaner
and better place to live. CSR makes organization improve its overall performance within society
making sustainability and stability created within organizational process. CSR responsibility is
an important aspects which is required to be developed within an organization to make
organization attain brand value within market and attract customers on large scale. CSR duty is
effective in nature making emphasis paid by organization upon various aspects in relation to
organizations operations conducted towards society welfare.
The understanding developed by Sam towards CSR is based over importance of CSR
and its advantage for an organization. Sam understand advantages like Improving public picture,
increase brand cognizance and recognition of cost saving, advantage over opposition. Thus Sam
is able to achieve better understanding about CSR. Also it has been analysed by Sam that
contract laws are important part of agreement formation making organization attain stability over
organizations functions. Further, contract law contributed over making specific contracts formed
which is based upon certain conditions. Thus it has been marked out that Sam has attained

understanding over Corporate social Responsibility and Contract law. Sam is able to work better
within an organization over particular job role.
CONCLUSION
From the above discussion it can be concluded that business laws and ethics are more
important perspective which is used by business organization over establishment of business
organization within country. These laws creates stability regarding legal structure formed within
society. The ethics plays an important role in forming internal environment within business
organization by creating discipline and order within it. The essay is based upon specify contracts
which are developed regarding specific conditions. Also relevant cases in relation to specific
contract has been discussed. Corporate social responsibility has been discussed with various
aspects in relation to issues existing in society.

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