Business Law Rules Assignment

Added on - 04 Oct 2020

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Business Law
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Question.......................................................................................................................................1CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONBusiness law contains rules and regulations relating to commercial, contractual, civil andenvironmental activities(Svantesson, 2016). The reason behind development of business law isto eliminate frauds, misconstruction and determination in the country while performing thebusiness activities. The present study shows solution of some business problems. The solutionwould be provided on the basis of rules and regulations relating to the contract law. Someprevious judgments will also consider while concluding solution for the business problemrelating the contract between parties.MAIN BODYQuestionFacts related to the case:High five system provided an advertisement in the newspaper about selling a soundsystem for $2000. After reading the advertisement, severalo customer contacted to the companyin different ways for the purpose of purchasing the sound systems from company.Issues in the case:A)Right of Jacob against high five system against the conversation made by him withRohnda, one of the salesperson.B)Right of Iris towards company in context with message dropped.C)Hamid's right for the layby offer made to the company.D)Ranbir's right to cancel the offer.Rules:Following rules would be applicable to the present case scenario:Australian business law:For the purpose of developing fairness in various businesstransaction or exchange of goods and services, government of Australia developed various rulesand regulations in this regard. Australian business law shows numerous rights and duties of eachparty to the contract and business.Contract law:Contract law refers to a set of various rules and regulations developed bythe government in order to maintaining control over the contractual activities performed withinthe country(Awdry and Newton, 2019). As per the contract law, no party have right to domisconduct with another party to the contract. The law contains some clauses on the basis ofcontract is termed to be valid after which it could be enforceable in the justice court. Each1
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