Business Law Assignment: Contractual Remedies for Raymond and Samantha

This report presents a detailed analysis of a business law case study involving Raymond and Samantha, focusing on a breach of contract scenario. The report examines the remedies available to Raymond after Samantha failed to pay the agreed amount, despite a full and final settlement agreement. It explores the legal implications of Samantha's actions and the advice that can be provided to her regarding future contractual agreements. The report also analyzes the legal position of Raymond if it had demanded a different settlement amount. The analysis covers key aspects of UK business law, including contractual obligations, breach of contract, and the importance of ethical conduct in business dealings. The report concludes with a summary of the key findings and recommendations for both parties, emphasizing the importance of clear and legally sound agreements to avoid future disputes. The document is contributed by a student to be published on the website Desklib.

Business Law
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TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
1 Advice of remedies those are available to Raymond to save itself from loss of £600.............3
2 Situation in which Samantha has paid Raymond £ 200 three week earlier than the debt was
actually due or not and will Raymond will be agreed to the same..............................................4
3. Legal position of Raymond in case it has demanded £400 as full and final settlement from
Samantha......................................................................................................................................5
4. Various advice for Samantha...................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................6
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INTRODUCTION
Business law are rules and principle made in order to regulate and control business
operation so that several task or activities can be performed smoothly and end objectives can be
achieved in best possible manner. Law contribute in resolving key issue or problem that has
occurred between selling and buying parties so no harm or loss can be caused to other
individuals. The report is essay on case study of Raymond and Samantha in which Raymond
breach of contractual relationship as despite of full and final settlement it is demanding for
remaining £600. So, this report will be explaining business law aspects within contractual
relationship and remedies available.
ESSAY
1 Advice of remedies those are available to Raymond to save itself from loss of £600
Raymond cannot demand the balance of £ 600 from Samantha as he has signed the full
and final settlement of debt offered by Raymond and now wishing to get the claim of £ 600 will
be breach of contract. There cannot be further any demand of debt claim asked by Samantha as
there has been signed agreement done by Raymond, therefore he has no claim due left from
Samantha. It can be also analyzed that further contractual breach will reduce relationships
connective strength and effective completion which may impact his business goodwill within
longer run. Also there can be further development of new contract between them as the old
contra has been finally settled now. It can be also analyzed that new competencies within
contract law shall be understood in detail by Raymond for successful completion of contract.
There shall be detailed analysis developed between parties before entering into contract and there
shall be in depth analysis worked on for bringing on keen efficacy within successful completion
of contract and any breach shall be monitored. It can be also understood that Raymond now can
enter only on future contracts with Samantha, as this partnership has been widely unprofessional
and against contractual relationships. Raymond thus cannot demand any money as claim of the
balance which is £ 600, as the operations have been already settled on final settlement aspects.
Furthermore, Raymond shall focus further to exercise strong focus and diverse learning
opportunities as per British law of contracts and productively bring diversity at frame (Whittaker,
2019).
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The contract has been breached on which there are varied new paradigms within law that
shall be focused on for gaining larger informative scope aspects, to be developed on where
Raymond shall follow British business law. It can be also analyzed that British business law
formally focuses on completion of written documents completion where there are varied new
scope profoundly focused on. Raymond cannot demand the money back from Samantha as the
legal law has been completed and also productively taken place in agreements and consent of
both parties.
2 Situation in which Samantha has paid Raymond £ 200 three week earlier than the debt
was actually due or not and will Raymond will be agreed to the same
The answer would not be different if Samantha had paid Raymond in advance £ 200 three
weeks earlier than the debt was due as Raymond had agreed to this, as the UK legal law has been
focusing competitively on fact that final settlement is successfully done on basis of agreements
from both parties. It is under legal ethical law context where Samantha is not obliged to further
pay anything more than £ 200 to Raymond, as there has been agreement done between them
where there has been consent under law, legally to pay only £ 200. It can be also analyzed that
there is no other obligation between them under eye of law as there is high focus on aspects of
conducting stringent legal formulation of business deals where both parties’ legal agreement
makes business contract to be complete. It can be also analyzed that Raymond approval has been
significant factor where stronger range of functional law completion can be analyzed, where
there has been analysis developed on larger efficacy goals developed on varied grounds
(Bookman, 2020).
Raymond now cannot demand £ 600 for the work from Samantha where she has already
settled the agreement in £ 200 where there has been continuous strength analyzed on functional
obligation. Demanding more money will be illegal and unethical from both sides as the legal law
of business contracts in UK business law productively focuses on completion of larger
productive efficacy where the written law informatively enables business to be developed on
among wider contexts. Answer will be same where legal assistance shall be taken by Raymond
for this where he cannot claim more money from Samantha, as the legal obligation has been
completed between them where there is no further obligation form Samantha. The case has in
detail explained work growth efficacy among legal business operations where the business
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agreements completion productively are widely strong written parameters to be connecting on
larger arenas. The business professional context legally binds both parties under legal scenarios,
where informative functional strength has high role to play in agreements. The business legal
contracts shall be completed informatively where there shall be complete adherence to all
potential factors and also productively provide all clear aspects of connectivity within both
business parties. Samantha shall be largely not hold any sort of further accountability among
larger horizons to be focused on wider aspects, where Raymond shall also productively focus on
being clear within business contracts (Giliker, P 2020).
3. Legal position of Raymond in case it has demanded £400 as full and final settlement
from Samantha
It can be stated that in case Raymond in prior situation has requested for full and final of
£400 form Samantha then it can recovered some amount of money for providing its services to
him. As per contractual agreement Raymond has demanded sum of £800 but Samantha was
unable to afford the same so after long argument and dispute among both of them, Raymond
accepted cheque of £200 that was clearly stated as full and final settlement (Nersessian, 2018).
So, if it take £400 as full and final settlement then also it has to suffered loss of £400 as before it
was contracted between two parties that Samantha will give £800 for three year for preparing its
business draft accounts. Therefore, it can be stated that £400 full and final agreement will also
not be fruitful or useful as Raymond has to incur loss of £400 still for rendering its service.
Thereby, it can be stated that it is in position of loss despite of taking £400 but profitability than
received only £200 for its services.
4. Various advice for Samantha
There are few advices and suggestion that would like to be given to Samantha that has breach the
Contractual agreement after Raymond has complete its work or perform its responsibilities.
Therefore, some of advice that I want to give to Samantha that it should remember while
contracting with anybody else in future circumstances. Such as:
1. Firstly Samantha if does not capable of giving £800 to Raymond for its delivery of
services then it should not make contractual agreement. As legal agreement has bind
both of them to perform their respective duties and responsibilities so that no loss or
harm can be caused to someone else (Bernaz, 2016). Like due to less payment given by
Samantha around £200, Raymond has to suffered loss of £600 even after completing the
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task as per requirement and needs of Samantha. So, it should not do such thing in future
with someone else as agreement is agreement.
2. Secondly, Samantha even has paid only £200 in situation of less money in order to make
payment for services render by Raymond needs to pay money due after it has get more
money for selling its painting. He should behave in ethical manner or moral principle
which clearly state that when he sell its painting for £20000 then went to Raymond to
provide it due amount so that it can be happy and satisfied.
3. Thirdly, it can be suggested that Samantha rather than stating Raymond to take £200 as
full and final settlement needs to specific that whenever he has more money he will pay
the rest of the amount (Juergens and Galatowitsch, 2018). So that no loss or
dissatisfaction has to be faced by Raymond despite of giving hard work and
determination to complete the task.
CONCLUSION
It can be concluded from above analysis that laws are important to regulate business
operation so that no harm can be caused to any individuals. Contract agreement helps in
understanding relation, responsibilities of each individual thus finding alternative solution to
resolve dispute. Therefore, it can be understand from above case study that despite of contractual
agreement between both parties Samantha has refused to pay remaining £600 due to lack of
money. But it needs to pay when it has earned money by selling painting at higher prices so that
Raymond can become happy and future contractual relationship between both parties can exist.
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REFERENCES
Books and journals
Bernaz, N., 2016. Business and human rights: History, law and policy-Bridging the
accountability gap. Taylor & Francis.
Bookman, P.K., 2020. The adjudication business. Yale J. Int'l L..45. p.227.
Giliker, P., 2020. Adopting a Smart Approach to EU Legislation: Why Has It Proven So
Difficult to Introduce a Directive on Contracts for the Supply of Digital Content?. In EU
Internet Law in the Digital Era (pp. 299-320). Springer, Cham.
Juergens, A. and Galatowitsch, D., 2018. Fostering Client Altruism and the Common Good in
the Practice of Law: Learning from Emerging Movements in Business and
Economics. Mitchell Hamline L. Rev., 44. p.1.
Nersessian, D., 2018. The law and ethics of big data analytics: A new role for international
human rights in the search for global standards. Business Horizons, 61(6), pp.845-854.
Whittaker, S., 2019. Unfair terms in commercial contracts and the two laws of competition:
French law and english law contrasted. Oxford Journal of Legal Studies. 39(2), pp.404-
434.
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