Business Law and Ethics: Vicarious Liability and Contract Law

This report analyzes various aspects of business law and ethics. It begins with a discussion of vicarious liability in tort law, specifically examining a case where an employer may be held responsible for the actions of an employee. The report then explores different business structures, comparing the advantages and disadvantages of sole proprietorships, partnerships, and companies, and recommends the most suitable structure for a given scenario. Furthermore, it delves into the sources of business finance available to companies, including bank loans, share capital, and venture capital. Finally, the report addresses contract law, focusing on the doctrine of frustration and its application in cases where unforeseen circumstances make contract performance impossible. The report uses relevant case laws to support its arguments and analysis.