Business Law Case Study For Students
The general consensus among career counselors is that not all legal practice areas are equally lucrative. While some areas are susceptible to changes in the economic scenario, others thrive. Areas like civil laws case study, business laws, intellectual property laws, environmental laws and E-discovery laws are some of the most preferred areas.
Business laws govern broadly the areas of commercial transactions, sales, mortgages, contracts, bankruptcies etc. Business law case studies involve a dispute between two legal entities regarding such issues. Students of law schools are given such situations of dispute in order 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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Why Students Need Help In Writing Business Law Case Studies?
Students need help to write business law case studies since such case studies are quite complex and challenging. A case may invite various legal precedents. Several overlapping laws might be applicable to a single case. All these are issues that need to be considered while writing law case studies.
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Sample Question & Answer Of Business Law Case Study Examples
AW504 Business And Corporations Law
You must answer the two problem-type questions below, using the ILAC (Issues, Law, Application, Conclusion) format.
Road Measuring Professionals is a surveying firm based in Newcastle, NSW. Its major client is the New South Wales government, for whom it surveys roads that are under construction. Smith, Jones and Peters have been partners in the firm for some time. There is an agreement between them limiting the authority of the partners to contracts up to $ 10 000. Smith has often purchased surveying equipment on behalf of the firm from Sydney Engineering Supplies, dealing with its manager, Mary.
Smith buys a surveying instrument costing $ 11 000 from Mary. It is delivered on 5 June, and the firm receives an invoice for the contracted amount.
Smith has always wanted the firm to branch into road transportation, as he is also a qualified truck driver, but his partners have continually rejected such a move. Hoping to demonstrate to them the profitable nature of such work, Smith signs a contract on behalf of the firm to buy an old truck from Used Trucks Ltd for $ 8 500. The firm has received an invoice for the truck, which is due to be delivered on 6 June.
Jones and Peters are angry when they see the invoices and have told both Mary and Used Trucks Ltd that the firm will not pay them. Advise Mary and Used Tricks Ltd as to their legal position, citing relevant law.
David Bradbury used to run a second-hand car yard as a sole trader. However, as part of a sentence for fraud imposed by a court two years ago, David was prohibited from “ buying and selling new or used vehicles” for a period of five years. Breach of this order is prosecutable as contempt of court.
David is however desperate to go into business again. He hears that a good opportunity exists to start a second-hand car dealership in a suburb of Sydney. He also hears that a vacant lot is available for lease. Because several other businesses are eager to lease it, he rushes to the owner of the site, Invests Real Estate Ltd, and signs a 1-year lease for $ 50 000 on 5 January. Occupation of the premises and payment of the $ 50 000 is due to take place on 1 February. He signs the lease “ "David Bradbury, as Managing Director, Sydney Auto Group Pty Ltd". On 10 January he goes to ASIC and registers Sydney Auto Group Pty Ltd. On the ASIC documentation, he is listed as sole shareholder and as Managing Director. Sydney Auto Group Pty Ltd starts trading the next day, operating from David's back yard, buying two old Mercedes cars, and selling them to vintage car collectors a few days later. All contracts are signed "David Bradbury, as Managing Director, Sydney Auto Group Pty Ltd".
On 15 January, David decides that the company needs extra capital, and so his three brothers, Christopher, Anthony and Richard each contribute $ 70 000 to the business in exchange for shares and a position on the board. When the board first meets on 17 January, Christopher is elected Managing Director. At the meeting Christopher, Anthony, and Richard say that $ 50 000 is too much for the lease and decide that the company should lease a different lot for $ 30 000. They send a letter to Invest Real Estate Ltd stating that Sydney Auto Group Pty Ltd refuses to move its business to the vacant lot and refuse to pay the $ 50 000.
David is facing prosecution for contempt of court and has been sued for breach of contract by Cenvest Real Estate Ltd. Advise him on his legal position, citing relevant legal authority.
In this paper, the issue to be discussed is whether Mary and Used Trucks Ltd recover the payment from Road Measuring Professionals for delivering the equipment and truck.
The Partnership Act, 1892 (NSW) deals with the formation of a partnership business in Australia. According to section 1 of the above-mentioned Act, when a collaboration between two or more individuals performing the functions of a corporation with a shared goal of revenue is referred to as a partnership (Murray, 2016, p. 176). Read More...
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Areas Of Business Laws
Banks are financial institutions that are regulated by legal statutes. Such laws may operate both at the level of state 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 provide timeline for the repayment of certain non-dischargeable debts.
Consumer Credit Laws
Disputes arising between consumers and credit card companies are dealt under such laws.
A contract is a legal agreement between two persons which create 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 are quite common.
A mortgage involves the transfer of a 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
Business Law Examples With Solutions
Here are examples of business laws from a variety of legal scenarios. All business law case study 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.
- Break the elements of the case study into different subheads: case brief, the facts of the case, issues (what is in dispute), rationale and legal decision.
- We must start with a short description of the case. It should cover all the major points of dispute.
- Next, state the legal facts of the case: the name of the parties and the legal situation of each of them. Such basic legal information is essential in court cases.
- Then isolate the main points of dispute.
- Next, we have the rationale. Here you will have to talk about what law to apply and why. The rationale must include the name of the appropriate law and the legal antecedents if appropriate.
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Consumer Law Example
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.
- Under the lease agreement Tillman and GM, the former is liable to pay for any damage or loss caused to the property of the company.
- However, Tillman claims that there has been no violation of law since he has not received any service history or manual from the supplier. He has a written proof of that.
- Further, under consumer law, Tillman has a right to protect his consumer interests.
- Tillman should write a letter to GM stating that he was unable to return the service history and car manual since he has not received them from the suppliers. Further, he has written proof of them.
- He must also write to the supplier stating that if the case goes up to the court of law, then he is under law to implicate the supplier as the primary party responsible for the dispute.
Contract Law Example
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 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 cancelled 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.
- SDC should give HDC back all the money.
- Otherwise, HDC can sue SDC.
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Most Popular Questions Searched By Students:
Q.1. How Do You Write A Business Law Case Study?
Break the elements of the case study into different subheads: case brief, the facts of the case, issues (what is in dispute), rationale and legal decision. Start with a short description of the case. It should cover all the major points of dispute. Next, state the legal facts of the case: the name of the parties and the legal situation of each of them. Such basic legal information is essential in court cases.
Q.2. How Long Should A Business Law Case Study Be?
A business law cases study should ideally be 4 paragraphs. There are 4 main headings under which a case study analysis should be laid out, i.e. issue, law/rule, application, and conclusion.
Q.3. Does MyAssignmenthelp.Com Provide A Quality Business Law Case Study Assignment?
Myassignmenthelp.com offers you one of the best business law case studies with solutions to students around the globe. The dedicated team of highly qualified professionals affiliated to Myassignmenthelp.com not only guide you on how to write impressive case studies but also provide you with precise and informative business law case study solutions.
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