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Business laws broadly govern the areas of commercial transactions, sales, mortgages, contracts, bankruptcies etc. Business law case studies involve a dispute between two legal entities regarding such issues. The students of law schools are given such situations of dispute in order to come up with possible legal solutions. Any law student will vouch for the fact that such legal case studies are exciting and at the same time challenging. Here are some of the broad areas of dispute which can also serve as subjects for potential legal cases.
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Banks are financial institutions which are regulated by legal statutes. Such laws may operate both at the state level as well as at the federal level. Banking laws control interest rates, operations of checking accounts, receipt and transfer of checks and other negotiable instruments, insurance amount for deposits etc.
Bankruptcy laws provide for reduction and elimination of dischargeable debts and can also provide timeline for the repayment of certain non-dischargeable debts.
Disputes arising between consumers and credit card companies are dealt under such laws.
A contract is a legal agreement between two people, that creates certain obligations which are enforceable by law. Disputes arising out of breach of contract are quite common.
Tenancy laws govern the agreements between tenants and landlords for residential and commercial property. Disputes regarding terms of tenancy contract can be encountered every now and then.
A mortgage involves the transfer of landed property as a security for loans from banks and other financial institutions.
Transactions for the sale and the leasing of goods are governed by sale laws. Most of the disputes are related to the terms of the sales agreement
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.
Mr. George Tillman recently returned a leased car to GM. However, they charged him for not returning the service history and the manual with the car. Tillman is not willing to pay anything back to the company since he claims that he has not received any service history or manual from the supplier from whom the car was leased. Give legal advice to Tillman.
A legal dispute between GM and George Tillman for not fulfilling the legal obligations under the lease agreement between the two.
A Seattle based Smartphone Company called HDC asked a software company SDC to develop software for them. The software company gave a total estimate of 10,000 dollars for a total work of 20 days. It was agreed between the two companies that HDC would be paying SDC 30 percent before the beginning of the work, 60 percent after the initial version and 10 percent on the competition.
After 10 days, of work, SDC wrote a letter that the work will take more time since their chief software developer has left the company. After 15 days SDC wrote back saying that they would be only able to deliver the source codes and would provide an assistant developer who will finish the rest of the work. After 20 days, when HDC asked for the final version, SDC told them that it can provide them with 80 percent of the work and would like the 60 percent as promised. However, fearing non-completion of the project, HDC canceled the contract and asked for a full refund. SDC has threatened to take HDC to court for a breach of contract.
HDC versus SDC due to an alleged breach of contract
According to SDC, there was a breach of contract but according to HDC, the software company did not deliver them what was promised.
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