Contract Law and Court System: A Case Study Analysis

Individual Essay
Individual Report

Table of Contents
INTRODUCTION...........................................................................................................................................3
PROJECT 1....................................................................................................................................................3
Define contract law and describe all the blue prints of a contract..........................................................3
Explain the court system in relation to the English legal system and advise the parties above which
court(s) action to pursue.........................................................................................................................4
Advise Hilary as to whether binding contracts exist between herself and each of the following people:
Eleanor, Amy and Olivia...........................................................................................................................5
Explain and discuss the various remedies available to the parties..........................................................6
PROJECT 2....................................................................................................................................................6
Discuss the case in relation to ethical corporate governance and the Sabane-Oxley Act of 2002...........6
CONCLUSION...............................................................................................................................................9
REFERENCES..............................................................................................................................................10

INTRODUCTION
Corporate sector is the fastest growing sector in current scenario which is helping any of
the nation to improve their economic condition. In order to obtain much effective result, it is
essential that government must be able to focus towards Business law which is the backbone of
commercial sector. As per the legislation of English Legal system, it is necessary for the each of
the commercial sector to work according to the guidelines and rules mentioned under business
law. At the same time, it is equally important that ethics must be considered which means that
person or entity should not take any of those decision which may create issue for other person
who are involved with respective decision. In this particular assignment, there are number of
aspects which will be analysed. While analysing different concept major focus will towards
contract law through which given case study will be solved. Along with it, one of the scandal of
Enron Corporation of year 2001 will be analysed by considering the corporate governance and
Sabane-Oxley Act, 2002.
PROJECT 1
Define contract law and describe all the blue prints of a contract.
In present scenario, forming agreement has been must crucial at the time of performing
any of specific task but while performing any of the task. Any of the promise which has been
made by the two person is a agreement. On the other side, contract law is there which is less-
wider concept as compared to agreement as only valid form of terms can be included in it where
work must be performed as per the terms and condition included in it. In detail, contract law is
something which form valid agreement between two parties where consideration should be there.
This are legal in nature which means that if party agrees to enter in contract, they do not have
any option of revocation. If in case contract terms and condition needs to be changed then there
must be mutual consent of involved parties (Mea and Sims, 2019). The breach of contract arises
in the circumstances where one of the involved parties fails in meeting out their responsibility of
the work.
Blue Prints of Contract says that there are number of criteria which must be met by the
involved party so that legal contract can be formed. Talking about the primary thing in contract,
it is always known as offer. Any of the contract related work can be started if offer is made to