Learn the Importance Of Business Law with The Case Studyby Oliver Mark Academic Writer
Business law also is known as the legal characteristics of the business is the body of law that governs that applies to the rights, the conduct of persons, relationship and business heartily engaged in commerce, trades and sales. Business often considered a branch of civil law. There are basically two different areas of the business law namely: regulation of commercial entities and regulation of commercial transitions. Students who are pursuing the degree in business law may need to hire assignment help on business law subject to understand the core concepts of business law through the case studies. In the below article, you will explore the fundamental concepts of business law with the case studies.
What is the Objective of Business Law?
Students often ask “What is the point of having business law? “or “what objective does business law serve”? In the current business environment, business law is the fundamental law that possesses the power of affecting the administration, organization and management of the corporate business. Plus, the law is applicable to joining two separate legal entities as the one. The main objective business law services in the society are as follows:
• Maintaining the minimum standard of the business entity.
• Proper and fair disclosure of the transactions related to the company.
• Effective participation of the shareholder.
• Enforcement of proper performances.
The act also aims at preventing the misuse and misconduct of the malpractices on the behalf of company management. Students can also hire business law case study writing help to get more details on the business law objectives.
Case study related to the business law
It is easy to understand the concepts of business law with the help of examples. Thus, here are some case studies that can be used to clear the concepts for students.
First case: Margaret owned a shop that specialised in the rare types of dolls. She opened her business in 1999 and through the internet, she has further expanded her business to a point where she needed someone to help her with the business. In the family discussion in 2006, she decided her daughter who was that time 16 years old would work in the shop and receive the unsold dolls until Margaret will retire. AT the end of 2009, when Margaret finally retired, she decided to donate all the unsold stock to the charity. Now the question is did Margaret breach the contract she had with Emily if no then, explain?
Issue: - There was no written contract between Margaret and Emily but at the time of the oral agreement Emily was a minor i.e. below the age of 18.
Law: - The contract with the minor is void, valid at the option of the minor. The contract entered by the minor for the benefits is valid. The minor has the right to repudiate the contract after reaching the age of majority.
Conclusion: - In this situation, in 2009 the contract becomes legally enforceable when Emily reached the level of the majority. Emily has all the rights to bring this case in the court of law against the Margaret.
Hire business Law case study writing service to learn about more cases like given above.
Created on Jan 25th 2019 00:09. Viewed 430 times.