It is important for students to know about the different kinds of rules and regulations associated with different kinds of industries. Business management students have to do business law assignment writing whenever they have to work on different kinds of essays and assignments.
To write a business law assignment, pupils need to have in-depth knowledge about the topic. In case you work on your assignment, it may happen that students may end up making several mistakes which will eventually affect the quality of your task.
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Before you complete your pending business law assignments, make sure you understand what business law is all about.
In definitive terms, business law is a set of laws without which corporate functioning would be very difficult and complicated. Without these rules and laws, the corporate sector, manufacturing, and retail sectors will fall into dictatorship. The set of business laws ensures that there is a safe and secure initiation and execution of business. It also enables an efficient and comfortable working environment for anybody working with the business.
Business law, also known as commercial law/corporate law, indeed governs the rights and working patterns of business bodies and as well the of the individuals engaged with the business, irrespective of whether they are employees, consumers or other stakeholders.
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In simple words, a business law assignment helps the students learn the subject better. To be specific, the various business law assignments help the students with the following –
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A lady named Jenny received a circular from Beauty and the Beast Hair Salon. It had advertised massages and manicures for 10 dollars. Jenny was pleasantly shocked when she saw the deal. She realized that it was a lucrative deal. However, she was not surprised since they had just opened had Business Meeting and wanted to attract new customers. When Jenny arrived at the salon, she was told that there was a mistake in the circular and the amount would be 100 dollars and not 10 dollars. The manager of the salon explained that this was still a reasonable price because usually, a massage and manicure would have cost $150.
Jenny was livid as it had taken her 30 minutes to drive down, the cost of which, when added to the manicure cost, would still be more than 100 dollars. As a lawyer, give legal advice to Jenny. Would your direction be any different if she was told you about the price after she had taken the massage and manicure?
When a seller places some information about his products in the form of a catalogue or a circular and invites others to buy the products, then it is considered as an ‘invitation to treat’ (a contract law term which means a person is willing to negotiate) In such cases, the buyer makes an offer to buy and upon the acceptance of such offer by the seller, an enforceable agreement can arise.
We can refer to an old legal precedent in this case: In the matter of Harris v Nickerson (1873) L.R. 8 Q.B. 286, there was an advertisement of sale by the defendant through auction. The plaintiff saw the ad and reached the place of the auction. He came to know after reaching the auction site that the auction had been cancelled and thus brought an action against the defendant. It was held by the court of law that the advertisement notice was just an 'invitation to treat'. Hence, the plaintiff cannot claim his travel expenses from the defendant.
The circular of Beauty and Beast Hair Salon is an 'invitation to treat' on which Jenney acted and made a booking. She came to know the actual price upon reaching the salon and thus had an option to either reject or avail of their services. She would have paid $ 100 if she got the massage and manicure done by the salon without knowing the price. In that case, the transaction would have been a legally binding contract.
However, since she already knew the actual price and had a choice, the mere placing of the ad could not have been considered as a legally binding contract. In the second scenario, she could have just paid 10 dollars as quoted in the newspaper. But since she already had a choice and decided to exercise it rationally, we cannot argue that there has been any legal violation.
Once, a charity auction was taking place. Bruce, who was extremely drunk, went to the auction and, under the influence of alcohol, made a successful bid. It was apparent to the auctioneer that Bruce did not know what he was doing. Meanwhile, Bruce sobered up and accepted, having made a bid. However, later on, he refused to fulfil the obligations of his contract. Give legal advice to Bruce.
We have with us a legal contract which was entered into by two people: one who was in his senses and was legally bound to fulfil his contract and another person who was not entirely in his senses and was not legally bound to his contract. Here the auctioneer was in his full senses to understand the terms of the agreement and legal issues while the buyer was drunk and, as such, was not in a position to fulfil the legal obligations.
The general rule about the legal contract is that any person can enter into a contract, but he has to have the mental capacity and intellectual maturity to understand the terms and conditions of it. The principle of contractual law stipulates mental lucidity to be an abiding feature of both the contractor and the contractee. Generally, courts do not approve of a contract entered into by a person who is voluntarily drunk because he is not in a position to understand what the contract entails.
In this case, Bruce was so drunk that he did not know that he was actually bidding at the auction. The auctioneer, however, knew this. Under the contractual laws, Bruce was technically not bound to the legal obligations. However, there is a catch in the story. In this case, Bruce was owed up to his legal obligations once he sobered up. He would have escaped the liability of the auction contract by simply disavowing it as soon as he sobered up, but he did not do this. As a matter of fact, he reiterated the terms of his contract once he had sobered up. As a result, this contract would be legally binding.
Therefore, the contract will be a valid contract, and Bruce will be bound by the agreement with the auctioneer. Further, he will have to fulfill all his obligations under the contract.
|Breach of Contract and Remedies||Consumer Protection||Corporation Law|
|International Trade||Sales of Personal Property||Employment Law|
|Intellectual Property Rights||Product Liability||Equal Employment Opportunity Law|
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|Commercial Law||Human Rights Law||Taxation Law|
|Company Law||Legal Case Study||Contract Law|
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