Law for Business Managers

Law for Business
Managers

Table of Contents
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
Discuss with reference to case law whether the promises are binding or not.............................1
PART 2............................................................................................................................................3
Under the doctrine of tort consider whether Extortionate PLC is liable for Samantha’s injury. 3
PART 3............................................................................................................................................5
‘A corporation may be defined as a legal entity or artificial person’..........................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Business managers are the individuals who are responsible for supervising and managing
all the business activities that are required for effective performance. Business managers make
sure that performance of business activities are done in such manner so that goals and objectives
of business can be achieved in the most profitable manner. Business managers make sure that all
the operation of business are performed in such manner that applied laws are effectively
complied. In business legal system various rules and regulations are included which are formed
by the regulating authority so that accomplishment of all the legal requirements can be made
certain (Adriano, 2015). All the functioning of the business are maintained by the law and in
order to make business regulations effective various laws such as contract law, employment law,
property law, intellectual right act and bankruptcy act is implied. Manager of the business make
sure that all these laws are effectively followed by the business organisation.
In this project report a detailed knowledge and understanding needs to be demonstrated
and elaborated in the key areas of business law. Their are various cases are provided and these
will be resolved following all the legal rules and guidelines that are provided in the legal context.
PART 1
Discuss with reference to case law whether the promises are binding or not
Activities and task that will be performed in future are made certain to a level with proper
offer and acceptance that leads to generation of legal contract with proper consideration. When
promises are made and a made in writing then they are considered as agreement among two
parties and it become legally compulsory on both the parties to make the contract certain. A
promise made by one person to another is a valuable consideration to make an legal agreement.
Their are different kind of promises that an individual made while operating day-to-day business
operations (Anderson and et. al., 2015). In this case Sergio made different promises to Alexander
his son, Liam his secretary and Natasha one of this business employee. In order to understand
legal binding of a promise certain rules related to promise needs to be understand which are as
follows-
 A promise will be termed as binding only when consideration for such promise will be
present in the transaction. A consideration in any form is important in order to make a
promise legally binding.
1