Limitations and Remedies in Contract Law: A Case Study of Marks and Spencer
Verified
Added on 2023/06/12
|8
|2008
|84
AI Summary
This essay discusses the limitations and remedies available in contract law, specifically in the context of specific performance, using Marks and Spencer as a case study. It also explores the extent to which corporate social responsibility is applied.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
individual essay
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of content Table of content...............................................................................................................................2 INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 CONCLUSION................................................................................................................................6 REFERENCES................................................................................................................................7
INTRODUCTION Business law aligns with all the commercial practises which are been undertaken in order to manage the systematic working of the companies by applying all the rules and regulations which are been framed by the government. There are so many laws and legal rules which are made by the government in order to manage the security and the effective legal compliance. Some of the well-known regulatory laws are like employment law, contract act, law of torts and many more. Contract law is an agreement which is been made between the parties enforced by the law. It has certain remedies for general breach made by any of the individual in the agreement they are like specific performance of contract, injunction, damages and many more. The organisation chosen in this essay is Marks and Spencer which is a multinational company dealt clothing and accessories(Hofmann, 2021).This essay will cover the limitations and remedies available in contract in context to specific performance and further will discuss the extent to which corporate social responsibility is applied. MAIN BODY Specific performance of contract is known as the equitable remedy which is granted by the courts in order to manage and fulfil all the contractual obligations that are been made between the parties while entering in the contract. In English law there observed that all the contracts which are been made in the parties will have the effective mechanism in relation to defines through which they protect the rights and the duties of the duties of the person is protected from encountering all the damages that can occur due to non-performance(Yonjan, 2019).The specific performance underline and maintain the responsibilities to be given on the parties to complete the promised work for which they had denies and caused breach in the contract. It is mainly against all such alleviations in the real estate where reward can be given for the non- performance it obliges and force the person to manage the work according to the agreement that is been made. Some of the main limitations which are observed in the specific performance of act by the UK law are like, as this relief address the person to obligate and perform all such work on which they mutually agreed. (Halbert,. and Ingulli,, 2020).This make the party to conjugate
ton perform the act on which the mutual agreement was made. The court can thereby manage and give the authority to the aggrieved parties in order to cancel the contract where there seems that all the agreement made is not lawful and the party is not having the intention to perform certain act. This is known as the declaratory degree where the litigant will only perform the can tract on there will of making it done and this also generalise the elements of the contract and its law. Other than this injunction can also be a rectification in the contract made in the parties in case of breach will be restricted by the court to stay or to restrain any of the activities. As this is as per the law terms to be unlawful in case where the livid party is vulnerable to enter in agreement with immense hale(Chung, 2018). Their observed that in UK, agreement law all the specific bar which are executed for managing the functions of contract on particular bar is legalised. In all such cases where the individuals file a complaint and end the agreement on their own wish for not wanting to perform the act will not be applied on the act for the particular performance. In case of Makes v. Cavendish Square Holding BV the parties agreeing for the contract are beholden on denial through tribunals or courts where compensation and the damages can be amounted as effective remedy. (Cortez, 2018).The compensation is adequate rather than performance of act without will. Other than this in Hall v. Warren court held that all the parties will have to be well defined about the act and the performance do that on later being told for the performance will be agreement in context to the property and their general rules. So the court must adhere and manage all the imposition of the rules and the specific performance to be abide with the intention to gain and manage performance(Maroun, 2020). Corporate social responsibility is a business model which regulates on the various aspect which defines on the activities and is liable for the company which is socially accountable to itself, stakeholders and the public. It is very important for the organisation to practice the various activities in order to present themselves in the market with a good image. (Hofmann, 2021).The corporate social responsibility defines the various practices for the good of the environment, economicand public.Thisincludesvariousactivitiessuch asreducingcarbon footprint, engaging in charity work, purchasing fair trade products, improving labour practices. It is been identified that all the business organisation is practising the corporate social responsibility in order to maintain the reputation in the market. It is been analysed that Marks and Spencer is following the various CSR activity in their day to day operations.(Pahmer, 2021).It is identified
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
that the company has adopted the different campaign in order to gain the attention and seek for thecompetitiveadvantage.(Issa,andPick,2017).Itisveryimportantforthebusiness organisation to focus on the safety of the environment while producing the product and services which might affect the environment and the public. As it is been analysed that the companies whichhavethelargemanufacturingandtheproductionprocesstheyareaffectingthe environment in various ways which is not good for the future generations. It is very important for the business enterprises that they focus on bringing the change in the environment while doing good for the society.(Alzola,2017).The government has made it mandatory for the various business enterprises that they need to follow some corporate social social responsibility in order to compensate with the harmful affects which is been created by the business organisations. the corporatesocialresponsibilityhasbecomethemaintaskoftheorganisationwherethe companies focus on the various practices in order to attract customers. This is essential because now a days the customers are also concern with the good image and reputation of the company in the market.(Maroun, 2020).This affects a lot in the sales of the company. The other practices such as involving in the charitable work can also help the business organisations in order to attract the people and also maintain the literacy rate in the economy. The large companies need to give their some amount or the percentage in the charitable trust which impacts the brand image of the business enterprise.(Silver, 2021). Itisbeenanalysedthatthebusinessorganisationpracticethecorporatesocial responsibility to the large extent which has created the top position in the sector. Marks and Spencer practices the various campaign by devoting the amount in the charitable trust so that there is the improvement in the economy and in the environment. (Rodriguez-Autore, 2018).The company has practices various method to reduce the carbon footprint. Also, as per the laws wit is very essential that the companies offer the various method through which the government and the organisation can take necessary steps in order to attract the general public towards the business organisation.(Storchevoy, 2017).It is been concluded that the corporations take the corporate social responsibility seriously in order to maintain the brand image and attract customers. This helps the organisations to increase their profitably and generate more revenue. Thecompanycanfocusonthevariouspracticessuchasbyofferingtheemployment opportunities in order to reduce the unemployment rate within the economy. This is the more
concern of matter for the corporation which needed to be focus in order to gain the competitive advantage (Yonjan, 2019). CONCLUSION From the above report it can be concluded that corporate law is the certain rights, laws andprovisioninordertoconductthevariousactivitiesandoperationsofthebusiness organisation. It is been identified that certain performance offers defence in the circumstance which are unique and as well as there is no chance of offering compensation to the party then particular performing of the agreement which is used in the following case. Further it is been analysed that the corporate social responsibility is the act of practising the various campaign, charitable work and good for the safety of the environment. It is identified that corporation practices the corporate social responsibility to large extent because as it is imposed by the government laws. The another reason for the corporates is that it is essential for the companies to involve themselves in CSR activities because this helps in attracting customer, employees, stakeholders, and public.
REFERENCES Alzola, M., 2017. Character-based business ethics. InThe Oxford handbook of virtue. Chung, G., 2018. Contract Law: A Comparative Introduction. Cortez, N., 2018. The evolving law and ethics of digital health. InDigital health(pp. 249-269). Springer, Cham. Famiyeh,S.,2017.Corporatesocialresponsibilityandfirm’sperformance:Empirical evidence.Social Responsibility Journal. Halbert, T. and Ingulli, E., 2020.Law and ethics in the business environment. Cengage Learning. Haloush, H.A., 2021. Subcontracting in construction and privity of contract: Defining the nexus.JournalofLegalAffairsandDisputeResolutioninEngineeringand Construction,13(1). p.04520041. Hasan, M.M. and Habib, A., 2017. Corporate life cycle, organizational financial resources and corporate social responsibility.Journal of Contemporary Accounting & Economics,13(1). pp.20-36. Hofmann, O., 2021. Over-and Undercompensation. InBreach of Contract(pp. 67-99). Springer, Cham. Issa, T. and Pick, D., 2017. Teaching business ethics post GFC: A corporate social responsibility of universities. InComparative perspectives on global corporate social responsibility(pp. 290-307). IGI Global. Maroun, W., 2020. Aconceptualmodel for understanding corporatesocialresponsibility assurance practice.Journal of Business Ethics,161(1). pp.187-209. Pahmer, D.A., 2021. Topics: Jewish Business Ethics-15423-JUDS 1501-C. Rodriguez-Autore, P., 2018. AML and business ethics: The Caribbean and Latin/South America. Journal of Financial Compliance,2(2), pp.102-110. Silver, D., 2021. Democratic governance and the ethics of market compliance.Journal of Business Ethics,173(3), pp.525-537. Storchevoy, M., 2017.A Scientific Approach to Ethics: Developing Greater Respect for Ethics in Business and Society. Springer. Yonjan, Y.K., 2019. An Analysis on Major Elements of a Valid Contract Under Muluki Civil
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.