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Contract Law Elements - Assignment

   

Added on  2021-01-02

11 Pages3177 Words70 Views
Research PaperRequirementsTable of ContentsTOPIC:.............................................................................................................................................1

INTRODUCTION...........................................................................................................................1Overview of the research........................................................................................................1Background and overview of the company............................................................................1Rationale and significance of research...................................................................................1Aims and objectives...............................................................................................................2Ethical Implications................................................................................................................2LITERATURE REVIEW (RELEVANT LAWS)...........................................................................2Understanding the concept of contract law and its elements.................................................2Ascertaining whether a duly formed contract is enforceable under the common law orUniform Commercial Code....................................................................................................3Identifying the various strategies which can be used by Walmart to minimise risk, create valueand protect their business leaders from legal disputes...........................................................3RESEARCH METHODOLOGY.....................................................................................................4Research method....................................................................................................................4ANALYSIS AND DISCUSSION...................................................................................................4Applicable laws......................................................................................................................4Court’s decision and rationale................................................................................................4Analysis of all parties.............................................................................................................5Researcher point of view with justification............................................................................5CONCLUSION AND RECOMMENDATIONS............................................................................6REFERENCES................................................................................................................................7

TOPIC:“To understand and identify the strategies of contract law which can be used to protect thelegal interest of business leaders” A case study on Walmart”INTRODUCTIONOverview of the researchContract law is a set of various regulations which are implied by government. In UnitedStates, contract law is legal obligation which is required to be obliged by every party involved inan enforceable and legal contract (Knapp, Crystal and Prince, 2019). According to the contractlaw of United States, a contract is an agreement which is between two or more parties whichcreates reciprocal obligations enforceable at law (Lookofsky, 2017). These contracts can beexpressed, implied, bilateral and unilateral, void etc. This research is based on the investigationon Walmart company which has faced various legal issues related to contract law. This researchwill include literature review based upon facts and relevant laws. Further, this investigation willcover various applicable laws and decision of court on the matter of Walmart under discussionand analysis of secondary investigation (Contract law, 2018). Background and overview of the companyWalmart is multinational retail company which has its headquarters in Bentonville,Arkansas, United States. This company was founded in 1962 by Sam Walton. Walmart isoperating its stores in various countries including Africa, Argentina, Canada etc (Raskin, 2016).Walmart has engaged in various cases related to contract law and the one of the most significantand recent one is case of Walmart vs Cuker interactive. Rationale and significance of researchThe main reason behind conducting this research is to ascertain various ways or strategieswhich can help in protecting the interest of business leaders. This investigation will createemphasis of ways by which business leaders of companies such as Walmart can create value andcan minimise legal disputes under contract law (Cartwright, 2016). This research will benefitresearcher as well as readers of this research paper as it will enhance their knowledge about theconcepts and elements of contract law which is essential for learners pursuing law as theirprimary study. 1

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