Business Law: Case Study of Raymond and Samantha

Business Law
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TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
1 Advice of remedies those are available to Raymond to save itself from loss of £600.............3
2 Situation in which Samantha has paid Raymond £ 200 three week earlier than the debt was
actually due or not and will Raymond will be agreed to the same..............................................4
3. Legal position of Raymond in case it has demanded £400 as full and final settlement from
Samantha......................................................................................................................................5
4. Various advice for Samantha...................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................6
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INTRODUCTION
Business law are rules and principle made in order to regulate and control business
operation so that several task or activities can be performed smoothly and end objectives can be
achieved in best possible manner. Law contribute in resolving key issue or problem that has
occurred between selling and buying parties so no harm or loss can be caused to other
individuals. The report is essay on case study of Raymond and Samantha in which Raymond
breach of contractual relationship as despite of full and final settlement it is demanding for
remaining £600. So, this report will be explaining business law aspects within contractual
relationship and remedies available.
ESSAY
1 Advice of remedies those are available to Raymond to save itself from loss of £600
Raymond cannot demand the balance of £ 600 from Samantha as he has signed the full
and final settlement of debt offered by Raymond and now wishing to get the claim of £ 600 will
be breach of contract. There cannot be further any demand of debt claim asked by Samantha as
there has been signed agreement done by Raymond, therefore he has no claim due left from
Samantha. It can be also analyzed that further contractual breach will reduce relationships
connective strength and effective completion which may impact his business goodwill within
longer run. Also there can be further development of new contract between them as the old
contra has been finally settled now. It can be also analyzed that new competencies within
contract law shall be understood in detail by Raymond for successful completion of contract.
There shall be detailed analysis developed between parties before entering into contract and there
shall be in depth analysis worked on for bringing on keen efficacy within successful completion
of contract and any breach shall be monitored. It can be also understood that Raymond now can
enter only on future contracts with Samantha, as this partnership has been widely unprofessional
and against contractual relationships. Raymond thus cannot demand any money as claim of the
balance which is £ 600, as the operations have been already settled on final settlement aspects.
Furthermore, Raymond shall focus further to exercise strong focus and diverse learning
opportunities as per British law of contracts and productively bring diversity at frame (Whittaker,
2019).
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