Business law Assignment Report

Added on - 21 Jul 2020

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Business law
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3Question 1:......................................................................................................................................3Question 2:......................................................................................................................................5CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONBusiness law encompasses of all the law, it is the guide for the business which controlunlawful activity it refers to the law. Business law dealing with several matters which is relatedto commercial law and common law. Present report based on business law which going toexplain the employment law and legal norms of contract or breach of contract. It will base on thecase study of Strawbridge which is a manor farm. In 1970 as a result of the UK joiningStrawbridge ceased producing apples. After some years they revitalized their apple producingindustry and export their apples to Alfresco Catering Ltd. Along with that, it will explain thecontract law and employment law.Question 1:Contract Law:contract law is the voluntary or a group agreement between the parties whichcreates some promises and obligations in order to accomplish the task withing particular timeperiod. Agreements binding with the law then agreement become the contract which creates safeand secure contract under the law (Allen and Kraakman, 2016). Contract have two types contractmay be written or expressed between the parties. In order to make the contract valid orenforceable by law following things should be consider.Offer must be in details exactly what will be provided.Acceptance must be required of both the party in order to make the contract valid.Consideration must be disclosed before the contract has been made, whichever isexchange between the party.Capacity of the parties should be according to the contract law such as party should notbe a minor person or disable or not having any mental ability.The intent of both the party is expressed clearly.All terms and condition is enforceable by law then it is called contract.In accordance with the case, it can be concluded that both the parties may breach thecontract law (Ball, 2015). Contract law is the voluntary mutual concern of both the parties whichis enforceable by the law. Contract creates legal binding on both of the parties. Contract is theagreement between parties on the behalf of some considerations. Besides, it may be written ororal between both the parties. Without the presence of legal laws contract would not be valid interms of law. Contract is the indispensable tool of the business which is done by the somespecific purpose such as Strawbridge and AC they both made the contract for supplying applefrom straw bridge to AC, due to some circumstances the contract has been breached. On thebasis of analyzing the concern of both the party final decision has been make. In order to makecontract there are six elements which is very essential for the formation of a contract such asoffer, acceptance, capacity, intention, offer, consideration and legality. Without the having theseelements business man having high risk in its business environment. There are two types ofcontract Bilateral and unilateral. In unilateral form one party give promise to the other party and
other party provides performance. Besides bilateral contract is the two way contract one partymake promise and other party will also make promise such as between Strawbridge and AC.They both made bilateral contract in which drawbridge promise to supply fresh apples to AC onthe behalf of monetary terms (Bird, Cahoy and Prenkert, eds., 2014). In case of breach ofcontract both the party will liable to pay the loss amount. Contract has breach when one of theparty has fails to perform according to the terms and conditions just like between Strawbridgeand AC, in December AC refused to pay for the apples because they claim on the Strawbridge tonot sending the quality of apples. On the other side Strawbridge claim to AC that, they alreadytold before that apple would be freezing this type of apples. This is the false concern and onemore thing has clear that according to the contract terms and conditions Strawbridge having zeroliability for any defects in the supplied. There are types of breach of contract from whichcontract has been breaches. Contract is breached when repudiation, failure, sabotage hasoccurred.Repudiation:this is the first type of breach of contract in which party declare that he willnot interest to accomplish the performance required by the contract. This situation occurs beforethe accomplishing time period. On the other side innocent party may claim or sue the party fordamages or loss (Blount and Nunley, 2015). According to the case AC refuse to pay for theapples before accomplishment of task.Failure to perform:in this case of breach of contract one party fails to perform the taskwhich has been mentioned in the contract. There is no express repudiation means party fails toperform the task without informing to other party. There are many reasons to not perform thecontract conditions. The remedy take part into action in partial performance.Sabotage:in this another case of breach of contract is that, in which party may performwillful act in contradiction to the agreements in case of a magician contracted to appear at aresort. On the other side,In case of any termination or breach of contract innocent party may take action againstthe fraud party. There is some remedy for the innocent s party may take.Limitation of PeriodAn aggrieved party may take action against another party before the end of theperiod other wise claim is barred.Due to mitigateUnder contract law and civil law generally injured party has responsible tomitigate or contain damages as much as is reasonable possible. It is the responsibility of injuredperson to claim on the other party in order to take the claim amount (Bulchandani, 2017).Undue influenceThis is another misrepresenting which party did with the wrong offense. In case ofStrawbridge and AC ltd.
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