Business Law and Ethics: Contract Law, Court Systems, and Remedies

This report delves into the core principles of business law and ethics, specifically focusing on contract law. It examines the essential elements of a contract, including offer, acceptance, consideration, and legality of subject matter, and analyzes how these elements function within the context of real-world scenarios. The report also provides an overview of the English legal system, detailing the roles of common law and civil law in resolving business disputes. Furthermore, the report offers practical advice based on case studies, evaluating the legal positions of parties involved in contractual disagreements. Finally, it outlines the remedies available to parties in the event of a breach of contract, providing a comprehensive understanding of the legal recourse available in such situations. The report concludes by emphasizing the importance of contract law in fostering stable business relationships and ethical practices.

BUSINESS LAW AND
ETHICS

TABLE OF CONTENT
TABLE OF CONTENT.........................................................................................................................2
INTRODUCTION.................................................................................................................................3
MAIN BODY........................................................................................................................................3
Contract law and blueprints of contract.............................................................................................3
Court system in relation to English legal system...............................................................................4
Advice to Hilary................................................................................................................................4
Remedies available to parties............................................................................................................5
CONCLUSION.....................................................................................................................................6
REFRENCES........................................................................................................................................7

INTRODUCTION
Business law and ethics can be understood as one of the major component within
which there shall be development brought on major fundamentals where new functional
scope shall be developed within companies and clients for higher professional performance.
Report explains contract law and major elements within it, how UK court laws enforce it and
how various parties shall be focusing under it to develop their business goals. Report brings
forward new working scenario where major components of contract law are analysed in
context to case study and how further steps can be taken (Ferrell, Harrison and Hair, 2019).
MAIN BODY
Contract law and blueprints of contract
Contract law can be understood as an agreement enforced by law where two or more
parties for acting in specific manner or perform specific tasks and responsibilities, in detail
refers to accept proposal that is legally bided. Contract law is enforced under law for creating
specific legal obligation from other partner within business to reach the major factors of
effective business standards where there are varied aspects to be reached on. The contract law
creates mutual obligations and agreement between private parties, creating mutual obligations
enforceable by law where both parties should adequate consideration, capacity for decisions
and legality for operational efficiency. The main elements of contact law are as follows
(Kubasek, Browne and Barkacs., 2020) :
 Offer: This is the most integral and foremost part of creating contract where party
shall provide all précised written detailed offer for another party to analyse before
entering into contract.
 Acceptance: A contract cannot legally exist without any legal acceptance from
another party where they both shall enter onto contract by analysing various
parameters where all important information shall be provided.
 Consideration: This holds consideration for space, service, events and financial
service which shall be focused by people within parties where no mislead shall be
worked on .
 Legality of subject matter: All the details prescribed within contract law there shall be
legality of subject matter and for analysing major scope of how progression shall be
enabled among both parties under law.

Court system in relation to English legal system
The English Legal system is highly functional and one of the best within world when
it comes to developing analysis for wider business goals development and higher business
analysis where there are various parameters propagated among legal systems (Crane, Matten,
and Spence, 2019.).
Common law: Senior or supreme court is mainly responsible for common law and legal
system of England and Wales, where people can vitally get assistance and legal guidance on
various issues and fundamental learning scenarios.
Civil law: In case within business any individual feels cheated and case of unethical business
practices, they are free to approach appropriate courts and order to get legal justice and it can
be stated that it i also easily available for people to approach them. Whereas high valued
cases are handle in high court by single judge for better decision and justice to people. The
person claim for civil case is know as claimant on the other hand other party is called as
defendant.
Therefore, in case claimant successful in winning case then defendant is obliged to
pay the due indebted amount where there have been various cases found of unethical business
practices further. There are also cases under court where cases studies explain us that
assistance and obligations are enforced only when both parties have proof in written for
conducting the set standards and price ranges (Madden, 2019). From the above analysis and
discussion it can be stated that various parties such as Olivia, Amy, Eleanor and Hilary can
approached country court in order to resolved their conflict related to contractual agreement.
In case they are not satisfied or happy with decision of civil courts than they have option to
go to court of appeal (Civil division). It explains that there are various paradigms under UK
Law where individuals and companies can resort to with legal laws being violated.
Advice to Hilary
The first case study enables us to analyse that there was no agreement or contract
done between Hilary and Eleanor where there was discussion only for price done between
them, which do not builds Eleanor obligated to buy that printing press. Hilary in this case
cannot give any legal notice or indulge him under law within business law , ethics as there
was no agreement done between them. Eleanor is not bound to purchase from Hilary as there

was no legal agreement made between them, and Hilary can approach any other customer
respectively within context of law.
The second case study enables us to analyse that Amy has written to Hillary where
she agrees to buy the painting at agreed price, after that she denied for purchasing which
potentially is against business ethics. Law of contract is being violated here for which Hillary
can take legal assistance for further procedures where the agreement was agreed between
both parties, and it is void to decline the written contract of law. Here Amy shall be sued by
Hilary as she has violated law agreement, which was done in written and also there has been
major factor of unethical business practice done (Ødegaard, 2019).
The third case study enables us to analyse that Hillary and Olivia were not under any
contract of law or any sort of agreement, bidding where there it can be understood that both
parties do not hold any sort of obligation for each other. There is also analysis developed
based on the fact that Olivia cannot file any sort of legal action against Hilary as there was no
written step or agreement done between them. Hilary can sell the painting to any other
customer based upon her own choice, where it is understood that contract of law is not
enabled here as there was no promise or agreement between both parties.
Remedies available to parties
 Sue of court: Within first and third case studies it can be analysed that both of the
parties in contact with Hilary were not under any contract law or legal obligation to
purchase from, so for these both parties have freed for any other customer. However
it can be analysed that Amy in second case study can be sued under law by Hilary as
she had agreed in written note and sent to her, which binds her under legal obligation
to make the purchase at set price agreements (Silverman, 2020).
 Recession of court: It can be understood that in the first and third cases Eleanor and
Olivia were not bounded to Hilary for any price as there was no contract law or
agreement established within them. For these cases any law with court assistance is
not required, however in second case Amy had written down in agreement that
Hilary’s computer shell buy at agreed price between them which makes her liable for
purchasing at set price. There within this case study Hilary can take assistance from
court about this , which will enable her to yield focus how further proceedings will
help her.

CONCLUSION
The report can be concluded with explanation that contract law being one of the most
important law holds wide scope among companies and parties for bringing on strong stable
contracts where there are major factors developed onto analysis which shall be adhered.
Report also functionally concludes major factors such as wide range of new working scenario
where active focus has been developed, with yielding focus onto how major factors shall be
explored under business law and ethics.

REFRENCES
Books and journals
Crane, A., Matten, D., and Spence, L., 2019. Business ethics: Managing corporate citizenship
and sustainability in the age of globalization. Oxford University Press, USA.
Ferrell, O. C., Harrison, D.E., and Hair, J. F., 2019. Business ethics, corporate social
responsibility, and brand attitudes: An exploratory study. Journal of Business
Research, 95, pp.491-501.
Kubasek, N., Browne, M.N.. and Barkacs, L., 2020. Dynamic business law. McGraw-Hill.
Madden, T. M., 2019. Law and Strategy and Ethics. Geo. J. Legal Ethics, 32, p.181.
Ødegaard, C. V., 2019. Within and beyond the law: The ethics of collective action in urban
markets, Peru. History and Anthropology, pp.1-21.
Silverman, R. D., 2020. The Role of Law and Ethics in Recent Preparedness and Response
for Vaccine-Preventable Illness. Public Health Reports, p.0033354920949532.