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Law for Business Managers INTRODUCTION

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Added on  2021-01-01

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Law for Business Managers INTRODUCTION 1 TASK 11 Examining the knowledge about 'representation' and differentiation between mere “representation” and “contract” 1 TASK 21 Examining the areas which consists the dismissal from the employment would be unfair at law, which Monica should define to the board of directors 1 TASK 31 Examining the duties or responsibilities of directors of specified company that Monica should define to the new members of the board 1 TASK 41 Examining the principles regulating the award of

Law for Business Managers INTRODUCTION

   Added on 2021-01-01

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Law for Business Managers INTRODUCTION_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Examining the knowledge about 'representation' and differentiation between mere“representation” and “contract”...................................................................................................1TASK 2............................................................................................................................................1Examining the areas which consists the dismissal from the employment would be unfair atlaw, which Monica should define to the board of directors.........................................................1TASK 3............................................................................................................................................1Examining the duties or responsibilities of directors of specified company that Monica shoulddefine to the new members of the board......................................................................................1TASK 4............................................................................................................................................1Examining the principles regulating the award of damages in the Law of Tort and themeasures by which the damages be limited ...............................................................................1CONCLUSION................................................................................................................................2REFERENCES................................................................................................................................2
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INTRODUCTIONLaws of trading are crucial part of economy from the ancient times, in order to ensure thefair and non-fraudulent trade practices within the economy. All of them dictates how to form andoperates the business practices fairly are known as the “Business law”. It pertain several rulesand regulations that governs or regulate the processes of starting, managing and dissolving orselling any kind of business. Moreover, the business law sometimes considers as the “Mercantilelegal requirements” or the “Commercial Aggregation”. Basically the it is categorized in twodistinct areas of rules and regulations. first is, the governance of the commercial entities throughlaws of partnership, company, bankruptcy and agency and the second is, governance ofcommercial transactions with the help of contract law. Besides this, the report comprises with the knowledge of representation, differentiationbetween representation and contract on the ground of facts, the areas of unfair dismissal,responsibilities of the director, principles of award of damages in the Law of Tort and themeasures by which damages can be minimises.TASK 1Examining the knowledge about 'representation' and differentiation between mere“representation” and “contract”The presented case scenario tells that, there is the Human Resources Manager (HR)named Monica, at Young & Ernst LLP. She wants to purchase a second hand car, so she visits alocal used car dealer's showroom namely Cars R Us. She choose a used Ford Mondeo, model of2006 which was in impressive condition, then she meets car salesman named Chandler, and toldhim that she doesn't have enough awareness regarding cars and wants a decent car which canease her travel to workplace and back every day. The car dealer suggests Minica that “FordMondeo is absolutely the best car in the whole world. If you do not buy it you will be missingout!”. She trusts on the savvy of dealer and decides to acquire Ford Mondeo, 2006 model. A party appeals regarding the misrepresentation or false representation or hiding of truefacts has been made in representation of the contract. The party may have the right to cancel orrepeal the contract and the party may also be entitled to appeal for the compensating thedamages, only if the party committed the contract by trusting on false representation. It is notsimilar to the contractual context (Sisk, 2017).
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