Business Law: Contract, Negligent Misstatement, and Company Law

Coursework

Table of Contents
INTRODUCTION ..........................................................................................................................3
PART 1............................................................................................................................................3
Case scenario...............................................................................................................................3
Contractual obligations...............................................................................................................3
PART 2............................................................................................................................................5
Case scenario...............................................................................................................................5
Negligent misstatement...............................................................................................................5
PART 3............................................................................................................................................7
Solomon v. Solomon...................................................................................................................7
CONCLUSION ...............................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Business law is a branch of civil law which regulates the working of the enterprises. It
comprises of wide range of area whereby the governance of the business is assured by following
the rules and regulations embodied in it. The different legislations covered under the scope of it
includes the contract law, employment law, data protection Act, intellectual property rights,
company law and many other. Commercial law is a body of legislations which deals with the
issue of both public and private (Austen-Baker, 2017). It regulates the corporate contract,
manufacture and sale of the consumer goods and hiring practices. This report is split into three
sections of which first deal with contract law, second deals with negligence misstatement and
third deals with company law
PART 1
Case scenario
Ronan is a managing director of the company Funky Top Limited which produces and
designs the clothing for the teenagers. He is now managing the renovation of head office of
company. He is annoyed by the pile of old carpet and the furnitures which have been removed
from office and just simply dumped outside. Ronan notices that some young landscapers who
work across the road at other building are working so he ask hem to remove the old furniture and
the carpets by the end of day and put them in the skip and if they would do this, he will give
them 50 pounds. The landscapers removed the items and put them in the skip by the end of the
day but Ronan subsequently refuses them to pay the money they owe.
Contractual obligations
The contract is an agreement which involves the promise to do or not to something. It is
enforceable by the law if there is mutual assent of of two or more of the person and one of them
have made the offer and other has accepted it. The contract law of UK is designed to regulate the
rights, obligations, relation and conduct of the parties so that they can create the legally binding
contract. The contract may be formed verbally or in the written form and both have same
relevancy in the eyes of law (Shevchenko, 2018). In present case scenario is about the contract
have been formed orally between Ronan and landscapers. The essentials of the valid contract
includes the following-