Breach of Contractual Relationships & Remedies

Business
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Table of Contents
Introduction......................................................................................................................................1
Part 1................................................................................................................................................1
Breach of Contractual Relationships & Remedies...........................................................................1
Case Scenario.........................................................................................................................1
1. Probable remedies.........................................................................................................1
2. What will be the response in case Samantha paid £200 to Raymond...........................2
3. What can be legal position in case Raymond have requested £400 payment like final
settlement................................................................................................................................3
4. Advice for Samantha.....................................................................................................4
Conclusion.......................................................................................................................................4
References........................................................................................................................................5
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Introduction
Business law refers to corporate or commercial law that can be applied to relations, rights
along with conduct of businesses and persons that are engaged within merchandising, sales, trade
and commerce. This is regarded as branch that is associated with civil law that is accountable for
dealing with both public as well as private laws (Barth and et. al., 2020). Such kind of laws
renders organisation with concrete framework for rendering their functionalities in legal way.
Ethics denotes rule along with regulations that will enable firm within making it a better working
place through which it will become easy for employees to have a healthy environment. The
scope of law is wide and nature covers business environment as well as make relevant
improvisations within the same. In this essay, emphasis will be laid on nature of breach of
contract along with remedies associated with this. In addition to this, case scenario will be
illustrated that comprises of different questions that will be answered appropriately.
Part 1
Breach of Contractual Relationships & Remedies
Case Scenario
Raymond is working like part time accountant within the organisation in taxation
department and they hold up small consultancy business as well as are the sole owner. They have
attained specialised training within personal taxation advice. In addition to this, as per the
scenario the contract has occurred with Samantha (struggling artist) and the contract has agreed
for preparation of theft that has occurred within the last three years with sum of £800. According
to Raymond’s contract when work is completed then Samantha have to pay a debt of £200. The
paintings that were made by Samantha are sold at high price that is £20,000. Now Raymond is
looking forward to claim balance that is remaining of £600 from Samantha.
1. Probable remedies
Contract laws are critical laws that have been formulated in between two individuals or
firms for making sure that all the monetary transactions are carried out within the appropriate
way. Such kind of laws forms the basis of agreement among two parties. In case of contract law,
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