Contract Law and Ethics in Business Organization

This document discusses the role of contract law and ethics in regulating business activities and governing business principles. It explores the different components of contract law, such as offer, acceptance, consideration, and legality. The document also provides case studies and advice on whether binding contracts exist between parties. Additionally, it discusses the remedies available to parties in case of breach, including compensation and specific performance.

Business Law and
Ethics

Table of Contents
PROJECT 1- INDIVIDUAL ESSAY...................................................................................................2
INTRODUCTION................................................................................................................................2
Contract law and its blue prints..................................................................................................2
Court system in relation to English legal system and advise the parties above which court action
to pursue......................................................................................................................................3
Advise Hilary as to whether binding as whether binding contract exist within herself and each of
following people i.e., Eleanor, Amy and Olivia..........................................................................3
Explain and discuss various remedies available to the parties...................................................4
CONCLUSION....................................................................................................................................6
REFERENCES.....................................................................................................................................7
Books & Journal:..................................................................................................................................7

PROJECT 1- INDIVIDUAL ESSAY
INTRODUCTION
In Relation to a business organization, there are different rules regulations and laws which play
important role in regulating the business activities. They also help in governing the business
principles and morals by focusing on a particular area of ethics and loss. It also ensures smooth
functioning of the business activities by dealing in ethical way (Halbert and Ingulli, 2020). Under
this report there is discussion on the case studies. These case studies are based on contract law and
blueprints of it. There is also discussion about English legal system and advice related to given case
study.
Contract law and its blue prints
In relation to managing the rules and regulation and a professional and personal way,
government within the country play important roles. One of this rules include the contract law.
Contract law can be determine as a regulation and written agreement which is related to defining
the legal promises which bind two or more parties in a contract. Establish a mutual understanding
and coordination between two parties so that they can establish a relationship in a form of contract
to fulfill a particular task. Contract law differs from country to country where each country has its
rules and regulation regarding the contract law. There are different kinds of blueprints under the
contract law which includes various components. The basic component of contract law is offer.
Offer is mandatory to start the process of negotiation and exchange within the contract. The second
component within a contract law is acceptance (Clarkson and Miller, 2020). Acceptance is
mandatory within the contract law because it is directly related to accepting the offer made by the
party bye and other party. The third
Major component of contract law is consideration. Consideration includes objects values and
many other monetary and non-monetary things for which the contact has been established. Use of
consideration is mandatory under the contract law because it helps in improving the decision-
making abilities in a right direction. The last factor within the contract law is legality. It is directly
related to creation of a valid contract so that a statutory regulation can be passed. It is mandatory for
the organization because it helps in decreasing the future interactions and carrying out a contract in
an effective way by forming it in legal structure (Lipschultz, 2017). For making the policies easy to
understand as well as follow, there are different government authorities who try to include all the
perspectives within the contract law and make it comfortable for different parties to understand the
law. Moreover, it also includes different kind of processes and policies which has to be identified
while making a contract in a particular country. So it is mandatory for the organization to

understand the deep level of critical analysis as well as maintaining proper analysis before
involving within a contract to the party.
Court system in relation to English legal system and advise the parties above which court action to
pursue.
For making effective decisions it is mandatory to identify the legal system within the
country which differs from each other. Aligarh system can be defined as a process and policies
which include different kind of elements which has to be fulfilled by the organization. It includes
common law civil law and judiciary laws (Serpanos, 2018). These are the important part of a legal
system with the country which helps in taking decisions regarding different act. In relation to the
case study, where is is distribute between of free and the person who offered. This is necessary to
involve the legal system for solving the conflict between both the parties.
For solving the issues there are different kind of system within our country, the court system and the
English legal system are interrelated to each other for solving the disputes between different parties.
Under the English legal system, it is mandatory to establish every procedure and carried out the
legal activities and direction of achieving ethical procedure. The UK English legal system is based
on several laws and regulations which include two types of public and private function. This is
stated by the parliament of UK. In relation to common law, it generally focuses on system of
England and Wales and act as in common law between these two region per focusing on criminal
cases.
Civil Proceedings- civil proceeding is a simple way to solve the conflict between two party
where did try to minimize the conflict and solving it within the party premises (Roessing and El-
Jourbagy, 2018). For using disable proceeding, there are different kind of courts which includes
supreme court, magistrate court and many other to minimize the conflicts and solving them.
Criminal Proceedings- Under the criminal proceedings, it focus on criminal cases are
illegal activities which are related to different individuals within the country. These courts are strict
in nature as well as settle the dispute in complete manner (Bowie, 2017).
The above mentioned paragraph shows that it is mandatory to choose irrelevant quote which
is helpful in solving the dispute between the two parties. In relation to the current is study, the best
suitable legislation is Supreme Court for solving this distributor. It involves highly profile judges as
well as lawyers who can help in understanding the appropriate system and use it to minimize the
negative impact was solving dispute (Miller, 2016).
Advise Hilary as to whether binding as whether binding contract exist within herself and each of
following people i.e., Eleanor, Amy and Olivia.
Case 1- In relation to the given case study, it seems that Hillary invited and open offer to

Eleanor. After that, this offer was rejected by Eleanor, this shows that IT act agencies of contract for
that particular time. In relation to the viewpoint of NTORES vs. Far, It shows that, in relation to
forming a valid contract it is mandatory for both the parties to be highly interested and exchange
sum product for a particular consideration. So in relation to the case study, it seems that both the
parties are not interested in valuing and passing some consideration. This makes this contract null
and void (Boda and Zsolnai, 2016).
Case 2- In relation to case study 2, it can be seen that for exam meaning and making an
offer it is need to establish a proper communication between both the parties. Establishment of
appropriate communication there must be a discussion about the offer as well as there is also
presentation of some consideration and acceptance. In relation to the current case study, it can be
seen that the acceptance was not revoked by Amy, this is because already accepted the offer and
posted it. This can be related by NTORES vs Far, E miles are corporation judgment. Discount rate
become wide because Amy herself want to remove the contract after sending the facts which read
before post (Kolk, 2016).
Case study 3- In relation to this case study, accepted the offer as an invitation. So it is a
contract between the Hillary and Olivia. It can be seen that despite the offer made by Olivia it was
rejected by Hillary. This contract is null and void because there are no legal promises between both
the parties and they are not bound to fulfill the contract. .
It can be seen from the above-mentioned information that all three cases there is no chance of
any legal contract between the parties and all these cases are null and void in relation to contract
act. So it is important to involve consideration between the contracts for making it effective.
Explain and discuss various remedies available to the parties
After examining the above mentioned case study, it can be seen that it is essential to identify
different remedies and solutions available within a contract. It is mandatory to identify the solution
so that a proper alternative is available at the time of a particular situation. Compensation can be
defined as best remedy available to the organization in this type of situation. Compensation is must
which has to be involved in a contract where a party suffered because of breach of contract has a
right to get compensation (Trevino and Nelson, 2016). Compensation can be both in monetary and
non-monetary terms which are best suitable to the particular case. Specific performance is also
remedy which is available to the parties involved within the contract at the time of breach of
contract. If there is no availability of compensation within the contract then court will guide the
organization for a party involved in the breach of contract to perform a specific task according to
the need and requirement of other party which suffered because of breach of contract. It can be seen
that it is important to use appropriate remedy while performing a breach of contract because it will
help in improving the satisfaction level of the parties as well as reduce the chances of dispute in

future (Weir, 2020).
CONCLUSION
After detailed analysis of above mentioned information, it can be seen that it is important to
use the rules and regulations under the contract act which help in solving the disputes between
different parties. It can also see that following the common law, English legal system will help in
identification of remedies after the breach of contract.

REFERENCES
Books & Journal:
Halbert, T. and Ingulli, E., 2020. Law and ethics in the business environment. Cengage Learning.
Clarkson, K.W. and Miller, R.L., 2020. Business law: Text and cases. Cengage Learning.
Lipschultz, J.H., 2017. Social media communication: Concepts, practices, data, law and ethics.
Taylor & Francis.
Serpanos, D., 2018. The cyber-physical systems revolution. Computer, 51(3), pp.70-73.
Roessing, M. and El-Jourbagy, J., 2018. Toward a More Perfect Pedagogy: Developing Constitution
Week Activities to Support a Business Law and Ethics Curriculum. Journal of Legal
Studies Education, 35(2), pp.255-275.
Miller, R.L., 2016. Business Law Today, Comprehensive. Cengage learning.
Bowie, N.E., 2017. Business ethics: A Kantian perspective. Cambridge University Press.
Trevino, L.K. and Nelson, K.A., 2016. Managing business ethics: Straight talk about how to do it
right. John Wiley & Sons.
Weir, M., 2020. Law and ethics in complementary medicine: A handbook for practitioners in
Australia and New Zealand. Routledge.
Boda, Z. and Zsolnai, L., 2016. The failure of business ethics. Society and Business Review.
Kolk, A., 2016. The social responsibility of international business: From ethics and the environment
to CSR and sustainable development. Journal of World Business, 51(1), pp.23-34.