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................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Law is the important topic which discusses about the regulations which must be followed.
It is necessary because it simply helps to protect and provide the safety and even provides the
rights to every individuals. The most important thing about law is that, it helps to take the
decisions by having the knowledge about rights and remedies. In the same manner, law is crucial
for any of the business manager as they are the one who has to work within the premisses of a
office where some of the important decisions are required to taken. The role of manager is to
understand about the law from initial stage to ending stage.
In context of the file, it has been categorised into three different part. While talking about
the first part different question will be answered where main work is to determine that whether
contracts are legal binding in nature or not. In second part, case study will be solved with the
help of law of tort. In the final part, there will be detail discussion about the topic corporation.
While discussing about corporation, the main focus will be on artificial person and legal entity.
PART 1
Discuss with reference to case law whether the promises are binding or not
Firstly, it is necessary to understand that promise is a part of agreement where the most
important thing which is necessary to be focused is that consideration should be there. Whenever
any of the promise is done, involvement of two or more then two party is necessary i.e., promisor
and promisee. Promise can be easily done in the form of written as well as oral form. But to
make any of promise/agreement as valid, it must be legal binding. If in any of the situation,
agreement is not done as per the guidelines of law then it will fall under the category of voidable
contract (Wilkinson-Ryan, 2012). Also, whenever any of the promise is made, consideration
should be there in it. Below, there is the discussion about three different situation where Sergio
had made promise to different parties. Now, it will be important to deterimine about the promise
that whether those promises are legal binding or not nature.
(a) To give his son Alexander £5,000 if he abandoned his career as a chef and qualified as a
solicitor
In this particular case, Sergio had made promise with his son where he had focused that
if his son will end up his career in the field of chef and try to develop himself as a solicitor then
he will give him £5,000. It is one of the legal binding form of promises as consideration has been
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