Case Study of Business Law Essay

Added on - 21 Jul 2020

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Business law
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1Question 1.......................................................................................................................................1Question 2........................................................................................................................................4CONCLUSION................................................................................................................................6REFERENCES...............................................................................................................................7
INTRODUCTIONBusiness law is considered as the commercial law and refers to the laws that governs thedealings between people and commercial matters. Mainly, there are two distinct areas ofbusiness laws (Georgieva, Jandik and Lee, 2012). It usually focuses on the aspects of businessincluding the sales as well as distribution of goods along with financing of certain transactions.There are various significant laws and regulations have been developed by parliament and othersources that are used to resolve the problems and disputes between the parties. There are variouscase examples have been discussed which are considered as similar with the case study of Arickfor analysing the appropriate solution.Question 1Contract law encompasses various laws or legislations which are directed towardsenforcing certain promises. In Australia, it is considered that the contract law is primarilyoperated by the common law but increasingly, the statutes which are supplementing the commonlaws of contract particularly in relation towards the protection of consumers. Analysis of presentcase study has provided an understanding about the breach of contract between the partiesentered in to contract (Wild, Wild and Han, 2014). Case clearly relates with young tennis playernamed “Agla” having age of 16 years who entered into a contract with the two different parties.First contract was made by Agla with Bagla who was noted as tennis coach.Contract betweenboth parties was based on the terms that coach will organise all training programmes for Tennisplayer and also take decision about which tournament she should play.Further, it was alsodecided that 20 percent of winning amount from tournament will be provided by Agla to hiscoach as consideration against the services provided by him.Agla has made her second contract with seller of tennis equipment company Sagla Ltd on theterms of contract that Agla will use the tennis equipment of the company for its promotion.Against her services, Company has promised to pay all her travelling expenses. Within the termsof contract, it was also mentioned that these contracts are made within same year, July 2011 andboth of these contracts will end after 3 years on July 2014. As per contract law, it is essential forparties to provide correct information who are entered into contract, in order to make the contractvalid. In July 2012, Agla has refused to obey the instruction of coach to play in tournament ofthe century in Japan, where the total price money was RM 3 million and returned to Malaysia fordefending her title of Fictional Rojak champion, where the total price money was only RM1
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