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Law for Business Managers Assignment Sample

   

Added on  2021-02-19

11 Pages3531 Words32 Views
Law for BusinessManagers

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11. (a) Under the law of England and Wales, what is a contract and what are the requirementsfor a valid contract to be formed?...........................................................................................1(b) Would Ringo be liable to pay Paul based on the facts above?.........................................22. Discuss the criteria that Jerry (as the claimant) would need to satisfy in an action fornegligence...............................................................................................................................33. Identify the main business mediums available to Ringo and his friends John and Yoko andthe advantages and disadvantages of each of these mediums................................................44. Discuss why it is important for Ringo, John and Yoko to identify the correct employmentstatus of any workers that they recruit for their business.......................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8

INTRODUCTIONLaw is simply explained as rules & regulations which governs the nation that what isneeded to be done and what should not be done. Law for business is quite different whereauthorised individuals are delegated with some responsibilities which they need to completewithin a specific time period for achieving the target of a company. All of the guidelines whichare mentioned in business law plays a huge role in commercial sector. For this particular project,number of topics will be discussed where it will be explained that what is contract what need tobe done for any valid contract. Case study will be explained with appropriate solution. Inaddition, types of business organisation will be explained and how they need to be formed withadvantage and disadvantage. At the end, process of recruitment will be described along withoffering recommendations for its improvement.MAIN BODY1. (a) Under the law of England and Wales, what is a contract and what are the requirements fora valid contract to be formed?In any of the nation there are different rules and regulation as they are commenced as perthe requirement of situation. There are number of laws which have their own importance butcontract law is paramount as it guides what is right and what are those things that need to beavoided. Below, there is a detail explanation that what is contract and what is the valid procedureto form it within UK.Contact law is simply explained as law and regulation which determines the minimumnumber of individuals to form a valid contract. This law has a huge importance because itidentifies the manner in which the task will be accomplished along with determination of specifictime period. There is a concept in contract law that whenever two parties agree to enter into acontract they are not allowed to breach, if in any of the situation terms & condition has beenaltered in between the contract then it is allowed to breach contract. (Allen and Kraakman,2016). For example: A and B enters into a contract where A will give his car to be B inconsideration of £2000, but at last moment, a disagrees to sell as better offer was being given byC. But, according to law of contract, it is unethical and even there is a breach of contract and inthat particular moment A will be legally penalised and compensate should be given by A to B. In1

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