The aim of business law studies as a course by the legal education students is to help the focus on the key legal principles and factors associated with the practical business areas. Enhancement of the business law writing skills can assist the students in obtaining a clear perspective in various international legal business concerns; moreover, it will enable the students to achieve the set goals and obtain considerable accomplishment in the field of commercial law Sep 20, · BUSINESS LAW (LAW)LEGAL PROBLEM ASSIGNMENTSemester 1, QuestionImagine you are a group of lawyers working in the legal department of a large BUSINESS LAW (LAW)LEGAL PROBLEM ASSIGNMENTSemester 1, QuestionImagine you are a group of lawyers working in the legal department of a large Our essay writing company is the ideal Jun 28, · Business Law: Labor and Employment Law Each and every day business throughout the United States are met with challenging situations that are centered around labor and employment law. As the director of human resources for Company X, I have been tasked with analyzing three situations that may or may not violate any federal acts
Business law - case study - 5 Star Essays
A friend was contracted by a businessman to paint his house. The agreement was that he should use green paint to paint the face of the shop, business law essays.
However, the friend used a color similar to green and the businessman refused to pay him. A question arose as to whether this amount to substantial performance or it amounts to inferior performance. The writer feels that this amounts to substantial performance and not inferior performance since the other parts painted were in accordance with the agreement.
The only problem was with the paint used on the front of the shop and this amounts to substantial performance. In this paper, the differences between inferior performance and substantial performance will be addressed. The paper will also look at the rights available to the non-breaching party in the case of substantial performance and inferior performance in order to substantiate the position taken on the issue.
An overview of the elements of a contract will also be provided. There are six elements of an enforceable contract. For a contract to be enforceable, there must be an offer and acceptance, the contracting parties must be legally competent to enter into a contract, there must be consideration, there should be free consent of the contracting parties, the contract must be legal in nature and the business law essays should have the intention of creating a legal relationship Young, Business law essays a contract has all the above elements, business law essays, it is considered to be a valid contract enforceable in a court of law.
There are differences between substantial performance and inferior performance in contract law. Inferior performance is defined as a material breach of a contract and it happens when one party does not fulfill his contractual obligations. The remedies available for the non-breaching party are to rescind the contract and seek restitution from the breaching party Young, On the other hand, substantial performance means that even if the performance business law essays not equal to the contractual obligations, it is so near that denying the contractor payment will be unreasonable.
The non-breaching party in the case of inferior performance or substantial performance has the right to withhold payment of the consideration until the work is completed. He also has the right to sue the breaching party for breach of contract and also the right to avoid future obligations arising out of the contract. According to the provisions of contract law, the non-breaching party has several options in case of substantial performance and inferior performance.
The non-breaching party can claim for damages, can seek court order of specific performance by the breaching party, can rescind or annul the contract and can also seek restitution.
The non-breaching party is excused from any other performance arising out of the contract. Another remedy available to the non-breaching party is to claim for consequential damages arising out of the substantial performance or inferior performance Young, The non-breaching party is advised to seek legal redress once it becomes evident that the other party has performed substantial work or inferior work.
This can be in the course of the work or after the other party has completed the work. Legal address should be sought after efforts reach to an agreement with the other party about the quality of the work has failed Young, According to the analysis, it is clear that the business man was wrong in denying the painter his full compensation for the work done.
There is breach of contract and this amounts to substantial performance since the work done is almost equivalent to the work which the painter business law essays been contracted to do. The business man should therefore claim for damages or seek an order for specific performance, business law essays.
The business man also business law essays the option of claiming for damages or claiming for consequential damages arising out of the substantial work. Liuzzo, A. Essentials of business law. Need a custom Essay sample written from scratch by professional specifically for you? certified writers online. Business Law: Case Study. Table of Contents. Introduction Analysis Conclusion References, business law essays.
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View Essay - business law from BUS MGMT at Colorado Technical University. Colorado Technical University Business Law Scott Strawderman January 17th, There are three elements to Sep 24, · Business Law Essays. The essays below were written by students to help you with your own studies. If you are looking for help with your essay then we offer a comprehensive writing service provided by fully qualified academics in your field of study. Law Essay Writing Service Essays. Remember, you should not hand in any of these essays as your own work, as we do not condone plagiarism! If you use any of these free essays as source material for your own work, then remember to reference them correctly
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