Business Law Case Study by MyAssignmnetHelp

1. Business Law Case Study

2. Business laws deal with the set of laws that are highly functional in resolving the domestic or foreign matters of business through a series of official materials, meetings, and other commercial agreements. Business lawyers help their clients glide through the allegation and other relevant matters of trade with their in-depth knowledge of the commercial laws. A business law student without properly dealing and understanding of the intricacies of business law case study would not be able to help their clients in future.

3. The main problem of commercial laws, are that it is subjected to the jurisdiction lines that ensures that every business law differ its neighboring country. A good case study writing services takes care of the relevant factors and mechanism of law as it is very important to know the location of the university in where the student studies because law is not universal and it certainly affects the marks of business law homework if the student gets the jurisdiction wrong.

4. Business Law Case Study Examples With Solutions Here are examples of business laws from a variety of legal scenarios. All these examples have been taken from actual case studies given to students at legal schools. Before we try to answer them, here are few tips which you must remember. They are: Always remember that the purpose of writing a legal case study is to put briefly the complex and tangled legal materials which are available on a case so that the readers can quickly scan through them.

5. Question- Case Study- 1- Margaret owned an antique store that specialised in rare porcelain dolls. When she opened the business in 1989, it was at a shop in an eastern suburb of Melbourne. In 1999 she started to advertise on the Internet and by 2006 the business had grown to the point where she needed help to keep the business going. After a family discussion one night at the kitchen table in July 2006, it was agreed that Margaret would probably keep the business going for another couple of years and then retire. Emily, her youngest daughter and aged 16, would work in the shop as long as was needed and in return, she would receive any unsold dolls. When Margaret retired at the end of 2009, she decided that she would give the unsold stock to charity and they could auction it and keep the proceeds. Advise Emily.

6. Answer- Case Study- 1- Issues: There was an oral agreement between Margret and Emily but at the time of entering into agreement Emily was a minor i.e. under the age of 18 years. Basically there are two issues involved in it, first whether Emily can confirm the agreement between them as a contract after attaining majority? Second whether Emily has the right to bind Margret under the agreement between them. Law: A contract with a Minor can be valid, void or voidable at the option of the minor. [Business Law, 2009] The contract entered by the minor for the benefits of service paid by him is a valid contract. A minor has a right to repudiate contract after attaining the age of majority and escape from the liability or can reaffirm that.

7. Application: Here, Margaret agreed to give Emily the unsold stocks against the service provided by her but at the time of retirement she announces to give the unsold stocks in charity. Emily can make Margret to comply with the terms of agreement as it was a legally enforceable agreement. It is only Emily who can make the contract void after attaining the age of majority. But this option can be exercised by her only during her minority once she attained the age of majority. Once she does nothing during her minority to repudiate the contract, she can not make it void after that. [Mance, 2011] Conclusion: Therefore in this situation, in 2009 the agreement became legally enforceable and Emily has all the rights as a party to the contract, so she can bring a suit in the court of Law against Margret to take all the benefits.

8. Question- Case Study- 2- Richard, an impoverished university student, and his millionaire father enter into an

9. Answer- Case Study- 2 Issues: The agreement between Richard and his father comes under the category of social or domestic contracts. Issue involved here is about the validity of contract between Richard and his Father and Richard claim his money from him? Law: For any agreement to be legally binding the parties must have the intention to create a legal relationship. This is the third essential ingredient of a valid contract. But the Law presumes that the domestic or social agreements do not have this intent to legal bind it. However it can be presented before the court that there exists the intention of legally binding each other but it is very difficult to reverse the presumption of law. [ Asif, 2009] It is also presumed that the domestic contract between parent and child is not intended to be legally binding and it was held in the case of Jones v Padvattan. Conclusion: Therefore Richard is entitled for the payment for his labor of four weeks, he can move to the court of law to enforce his right against his father

10. But the situation will be different when parties express their clear intention of making the contract legally binding enter into the contract. Application: Richard agreed to mow the front land and garden of his house and in return his father will give him $ 200. This amount may be treated as the consideration of the contract between them. The work needed much time and labor. Richard relying on the statement of his father started doing the work. In contractual terms he was performing his part of contract and after four weeks of his labor his father refused to pay the agreed amount of $200. As held by many the honorable courts in many contractual cases related to performance of the contract that the person who proceeded with his part of performance must not be deprived from getting his reward. Such as, in Hoeing v Issac and Bolton v Mahadeva, where the court ordered the defendants to pay the amount for their substantial performance. [Wallis, 2008]

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