BUSINESS LAW CASE STUDY
Business Law Case Study Solution is not an easy task. There is a need for a professional who can handle all the queries related to business law case study solutions. Business law case study solution is a complex subject where students mostly get stuck while learning about new concepts. Business law case study solution help at our website is the right place for the students. And the hired professional is highly educated, fully skilled and exceptionally knowledgeable in the same field who are readily available to guide and assist students 24*7 without any delay and disappointment.
Business law can be defined as a law that tells about how to run and own the business.
It mainly covers Business Law Case Study:-
- labor law,
- property law,
- employment law,
- and income tax law,
- pension and benefits,
- trusts and estates,
- immigration law.
There are several kinds of business which business law case study solution help covers in details. Business like corporations, partnerships, and limited liability companies. It generally comprises of hot to set up, purchase, run, sell and even wind up the business.
It also includes state, federal as well as administrative law.
Business law case study solution help provides the students with a chance to learn about business law and other related law in a precise.
Fields under Business Law Case Study :-
Banking laws :-
Banking law sorts out who gets money when some of the money disappears, such as when a certified check bounces. When someone is left “holding the bag” there is a rule about who is responsible for payment through the banking system so that the money can be recouped against the “most responsible person”. You will see terms like “bill of exchange”.
Banking and Finance are particularly focussed on the Banking sector and largely deals with regulatory activity, and making sure no violation exists.
Bankruptcy laws :-
Bankruptcy laws are an attempt at a solution that both the borrower and the lender probably should work out at the time of the creation of the debt obligation.
It is a legal proceeding based on federal law as enacted by Congress. The Constitution gives Congress the right to enact bankruptcy laws, which it did in the mid-1800s. Before then, each state had its own bankruptcy laws, and some states did not recognize a bankruptcy discharge from another state. This led to the first bankruptcy laws being enacted by Congress.
Contract laws :-
A contract is an agreement between private parties creating mutual obligations enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
Tenancy laws :-
Disputes regarding terms of tenancy contract are quite common these days . This law governs the agreements between tenants and landlords for residential and commercial property.
A Mortgage is a contract. A contract is an agreement between two or more parties to do or not do something for a specified period, for consideration.
Sale laws :-
Most of the disputes are related to the terms of the sales agreement. Sales law includes transactions for the sale and leasing of goods.
Business Law Examples With Solutions
Facts of the case :- X, Y, Z are partners who jointly promised to pay Rs.3,00,000 to D and Y became insolvent and assets are able to recover the only 1/5th of the share of debts.
Provisions of the law :- As per the provisions of the Indian Contract Act, 1872, in the case where the performance of the promise is to be done by the joint promisors, the liability shall be joint and several. In case any of the joint promisors becomes insolvent, his estate shall be liable for the debt. The loss of insolvent promisor shall be borne by the solvent promisors.
Conclusion :- Y’s share was Rs.1,00,000 out of which only Rs.60,000 were recovered from his property. The loss of Rs.40,000 will be divided equally between X and Z. Hence, the liability of X comes to Rs 1,40,000. If now X pays entire Rs.3,00,000 then he can recover Rs.1,60,000 from Z.
Consumer Law Example
A consumer is generally a person that buys goods and services for their own personal or household use. Consumer law is a broad body of law that protects consumers in their transactions and attempts to balance the market power between businesses and the consumers they deal with. In federal and state law there are numerous statutes that cover all kinds of transactions like buying a home (think Real Estate Settlement Procedures Act), buying a car (Lemon Law) or false advertising (Unfair and Deceptive Acts and Practices or “UDAP”).
Contract Law Example
Under contract law , Civil and criminal fraud are two separate but similar things (depending on jurisdiction of course).
Civil fraud is more than just giving false information. I.e. you write you are 25 instead of actually being 24. A mistake is not fraud.
Fraud usually involves a lie and an intent to profit from it. I.e. you are giving false information knowing that the other side will rely on it and you’re counting on it in order to get a contract.
Easy example :- Life insurance questionnaire: do you have any health issues or been hospitalized in the last year? Answer: no – but in reality you were discharged from the hospital last night because you had a heart attack and a stroke and you were told you have a 50% chance you could die in the next month.