Essay on Business Law (Case study)

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Added on 2020-10-23

Essay on Business Law (Case study)

Added on 2020-10-23

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Table of ContentsINTRODUCTION ..........................................................................................................................1CASE STUDY.................................................................................................................................1Case 1 .........................................................................................................................................1Case 2 .........................................................................................................................................2Case 3..........................................................................................................................................3Case 4..........................................................................................................................................4CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6

INTRODUCTION Business law assist in dealing with the people and commercial matters. This essay willinclude the application of the contract law in order to advise the different parties regarding theirrights in contract law. Present case study is based on Boost Sound system which is available forsale $2,000 which is half the price of actual products and only 10 sets are left in the stores. Thewhole case study rounds around the purchase and order of the sound system. CASE STUDYCase 1 Issue :On 25th November, Jacob called up the number in the advertisement on the verysame day and said that he accept the offer. Rhonda tried to explain something to him but he putthe phone down before he could hear her explanation. Rule :As per the contract law, The advertisement is the invitation to offer where theinvitation is provided to the public at large to offer for the contract. Invitation of an offer is thecirculation of offer and acceptance of invitation to offer does not make a valid contract. As perthe case, the applicable rule is the invitation to offer of the contract law which defines that theoffer which are made through advertisement are the invitation to offer and the acceptance of thisoffer by the party does not form a valid contract (Cheung and et.al., 2014). As per the case Fisher v Bell, in which the defendant exhibited a flick knife in his shopwindow and due to this it was prosecuted under the restriction of offensive weapons for “offeringfor sale" an offensive weapon. the conclusion drawn from this case was that the defendant wasnot guilty as he had not made an offer as it was an invitation to offer. Application : In the given case Jacob said that he had accepted the offer for the sale ofsound system. but as per the applicable rule, the advertisement made by the High five systems isnot an offer but it is an invitation to offer. In the case of Jacob it called up the sales person atHigh five system and told that he has accepted the offer but as per the rule stated above aninvitation to an offer does not form a valid contract unless and until the intention to form acontract is made (Smits, 2017). In the given case there have been no contract between Jacob andHigh five system for the sale of sound system because there was no offer made by the parties. Itis being identified that the invitation to offer which was made through advertisement does notprovide the party to form a valid contract as the offer was not made by any of the parties and thusthe parties are not bound to perform the terms of the contract. 1

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