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Introduction to Enterprise Law

   

Added on  2020-12-29

8 Pages2397 Words140 Views
Enterprise Law

INTRODUCTIONEnterprise law are mostly imposed on the business activities in which owner bring theirbusiness into market to earn profits. This helps to enhance their economic activity and also bringnew business which enhances their expansion activity and also treat employees to behaveethically in the business. Law are mainly imposed to the employees and the companies so thatthey maintain their integrity and unity in the society and also behave ethically regardingfollowing government norms (Svantesson, 2016). This report will include the case study ofDaniel and Brandon and their terms of contract which they made while entering into thecontract. The another case study represents the business ethics and their implementation in caseof Rebecca and Joel. Lastly it shows the case study of Dani and Steve which they made at thetime of opening a new salon.MAIN BODY Question One - Advising the situation of the Brandon in terms of recovering moneyIssue : In case of Daniel V Brandon, Daniel owned a home and wanted a swimming pool pavedand landscaped. He enters into a contract with Brandon for the work done and payment isdecided As $40,000 which is to be made after the completion of the contract. A month later,when the work was completed Daniel offer $25,000 which in return is accepted by the Brandonas the matter of appreciation in respect of flowering shrubs which Daniel gifted him at the timeof contract (Smith, 2018). With this settlement they both agree to accept the payment of $25,000as the full and final settlement. After five day, Brandon received a letter from the Daniel and theletter specifies that Daniel won a lottery of $500,000 and they are planning a trip to Europe withtheir family for few months. After receiving such letter Brandon feels that he need his completedpayment which he made in half previously. Rules : Under contract law, when both the parties enter into the agreement which are valid in theeyes of law. To enter into the agreement with the parties, they must bring some value which canbe in terms of consideration (Cartwright, 2016). As contract are valid, they are made accordingto the norms and condition imposed and decided by both the partiers and after entering into thecontract they both are bound to follow it until the contract is void or if both the parties decided tobreak the contracts and enforce into new contract. The contract is fulfilled if they are entered insome consideration is both the parties bring some security amount to enter into the contract. 1

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