Business Law and Ethics: Specific Performance and Corporate Social Responsibility

Business Law And Ethics

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY ..................................................................................................................................1
CONCLUSION ...............................................................................................................................4
REFERENCES................................................................................................................................4

INTRODUCTION
Business law and ethics means those legal perspective that has been used in order to
develop legal structure leading towards establishment of business organizations in more effective
way. As per these laws legislation are formed considering various aspects which makes business
organization operate as per legal standards established within country. Business laws are based
upon corporate and commercial activities performed by an business in more effective way.
Ethics are based upon establishing order and discipline within society through which proper
guidance is shown over right direction. These laws share wider scope in terms of contract and its
formation which allows agreement attain validity within eyes of law. In this report basic aspects
based over contract and corporate social responsibility is discussed with there impacts upon
business organizations. Contract law are explained in relation to specific performance with
relevant cases.
MAIN BODY
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. Contract laws are those set of rules that leads upon forming agreement by making
them attain shape of contract while working within an organization. These laws are mainly used
over forming contract which exists between two or more then two parties. These laws are based
upon contract formation helping upon making agreement attain legal validity within the eyes of
law. Contract law are justified with the help of statement “ An agreement can be contract but an
contract cannot be agreement”. It states that an agreement can be treat as contract but contract
cannot be treated as agreement since agreement leads over contract formation. Contract can be
written and unwritten form which means promise can be contract as well as written agreement
can be an contract(Conant, 2018). In order to form contract certain elements requires to be
present within it which are offer, acceptance, obligation and legal relations. Under offer idea
over contract is presented to parties and acceptance mean accepting idea by another party. Third
element is obligation helping in making contract created in more effective way. Fourth element
is legal relationship based over law and legislation used within contract. It is also based over
elements within which contracts are formed it should not use perspectives like smuggling and
betting as base of contract. Under contract there are various kinds of issue which is raised in the
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