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Business and common Law | Assignment

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Added on  2019-10-31

Business and common Law | Assignment

   Added on 2019-10-31

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Running head: BUSINESS LAWBusiness lawName of the student:Name of the university:Author note
Business and common Law | Assignment_1
1BUSINESS LAWLegal meaning of duty of care:The word “duty of care” denotes certain moral as well as legal obligations to securethe interest of some others. This term has been defined under many provisions of law. Underthe tort law, duty of care means to perform a duty in such a way to avoid the foreseeableharm to others (Bahn and Weatherill 2013). It is regarded as one of the particulars under the lawof negligence. It is one of the most popular principles under the common law and theprinciple was established in the case of Donoghue v Stevenson (1932). In Australia, certainduty of care has been described under section 180 of the Corporation Act 2001. Duty of care by business owner:The term “duty of care” has been inserted under certain provisions of the commonlaw. It prescribes certain duties to be performed by a person to avoid any foreseeable risks. Incase of a business owner, the law requires them to exercise duties to take reasonable carewhat an ordinary prudent person should have done in certain situations. Furthermore, the lawrequires that a businessman should have to continue his business in a place that will beregarded safe for the interest of the customers. It is the duty of the businessman to foresee allthe risks that can injure the interest of others. If there is any risk accrues regarding thebusiness, it is the duty of businessman to let the customer know about this. No step should betaken by the businessman that goes against the public policies (Langford, Ramsay and Welsh2015).Steps to minimise the risks regarding duty of care:Duty of take care is a moral principle that should have to follow by any prudentperson. In case of business, liabilities accrue regarding the business person if he failed toperform his duties with reasonableness. Under the Tort law, duty of care depicts the civil
Business and common Law | Assignment_2

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