Commercial Law: Advising Delta Ltd on its Legal Position of Beta Ltd

COMMERCIAL
LAW

INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
Advise Delta Ltd on its legal position of Beta Ltd.................................................................5
CONCLUSION................................................................................................................................9
REFRENCES.................................................................................................................................11

INTRODUCTION
Commercial law is also known as mercantile laws or trade law which are body of law that
has been applied to the rights, relations and conduct of persons that are engaged in commerce,
merchandising, trade and sales. These law are branch of civil laws and deals with issues of both
private and public law. Further, these laws cover all aspects that is related to trade and
agreements formed in relation to it. Also commercial laws cover trade activities and contracts
which has taken place between parties. Contract law are those laws which is based upon forming
legal agreements between parties. In contract law various elements are used for making contract.
Both contract and commercial laws are used together to form sales agreements which makes
valid selling possible. Scope of contract and commercial laws are wider in nature as it impacts
transactions of trade. The file is based upon various aspects like contract of sales and various
aspects related to it.
MAIN BODY
Case scenario: The case is related to Beta Ltd and Delta Ltd over contract of sales that
has been formed in terms of CIF contract. Under the contract various kinds of terms has been
used which are quality, quantity, shipment, Liverpool governing laws, price. These terms
explained about various aspects which are based upon contract that has taken place within an
organization(Poff, 2020). The laws required to be applied within contract that has taken place
between Beta Ltd entering into charter party with Gamma Ltd. Further, the case is related over
making cargo to Hong Kong with the market value and in this Beta Ltd requires to decide that
the shipment is ti be send within Unicorn that has classed officially as second class vessel. On
20th April 2020 Beta Ltd has made the cargo named Unicorn to agents that has been done in
relation to boll of landing which has been provided over shipment which has to reach on 20th
April 2020. The bill that was formed in relation over goods has been described that the weight of
200000 tonnes and quality is not known. Two weeks later goods has been shipping to abroad
over the port of Manchester then on same day, Beta Ltd obtained with inspection certificate
indicating that percentage of moister is 10.05%. Then an tender has been formed through
shipping documents which includes bill of landing and inspection certificate to Delta payment.