StudentShare solutions
Got a tricky question? Receive an answer from students like you! Try us!

Coursework example - casestudy

Only on StudentShare
High school
Coursework
Finance & Accounting
Pages 8 (2008 words)
Introduction to Business Law Question 1 Adele was extremely upset by the telephone call from Eddie cancelling the order of wild boar piglets. Adele believes that Eddie had made a legally binding contract with her that he could not break. Eddie has argued that he was within his rights to make an agreement with whoever he pleased and owes nothing to Adele…

Extract of sample

The English Law of contract is clear on the fact that any agreement that is enforceable in a court of law is considered a contract. Offer and acceptance are some of the most important features of a contract (Collins, 2003). In this particular case, one party makes an offer for a certain arrangement, and the other party accepts the terms of the arrangement. Neither offer nor acceptance has to be made through writing or through making oral statements. This type of contract is referred to as an implied contract in which certain terms are not expressed or explained in words (National Archives, 2010). This seems to be the kind of agreement that Eddie had with Adele. Once he ordered for his piglets, Adele expected him to accept and pay for the services rendered. Adele has every right to demand for compensation from Eddie, who had made it clear in his communication that he would get the piglets for Eddie. In the Smith v. Hughes 1871 LR 6 QB 597 case, one cannot go against a contract at will (Young, 2010). Before Eddie met his second supplier, he had intended to honour his agreement with Adele because it was a business agreement. However, just because he found a cheap alternative, he disregarded his earlier agreement with Adele. ...
Download paper
Not exactly what you need?

Related papers

Investigate the expectation of the users of financial statement from the auditors in case of Saudi Arabia
‘Investigate the expectation of the users of financial statement from the auditors in case of Saudi Arabia’ startes with the description of the concept of the auditing experiences gap as well as the most common elements that contribute to the formation of the latter. The results also focused on the most common recommendations that previous researchers have identified which they have considered…
83 pages (20833 words)
Stock Market Efficiency
The intention of this study is the capital market that provides a conducive and convenient venue for the investors that can be either organizations or individual entities to buy and sell shares and bonds in the form of stock exchange on a local and worldwide basis. Due to the advancement in technologies, the world has become a place where human being can travel and reach any destination within no…
33 pages (8283 words)
country risk analysis
Therefore, the country’s economy is growing and when united with its population increase, India is indeed a very significant nation for investment in the world (Machiraju 36). This paper will seek to discuss a country risk analysis with reference to India by taking the perspective of a multinational corporation considering expanding its operations into that country, and is intended to assess the…
Reforming World Finance: Geopolitical Challenges
Changes in the structure of the global financial systems are not visible as of yet, partly because bankers and policy makers have delayed reform implementation in various places, whether intentionally or unintentionally, as well as resistance to these reforms. The current challenges are of an economic and geopolitical nature. Recent international affairs have seen the convergence of two trends.…
14 pages (3514 words)
Auditing. The series of scandals caused a general crisis of confidence in the integrity of the entire system of corporate accoun
Thereafter the author described financial scandals as those corporate scandals that involve misappropriation and misuse of money or economic resources. The chronicles of business history are filled with errors related to accounting, judgements, financial management and financial skulduggery. Over the last few decades unscrupulous entrepreneurs have been heavily involved in financial scandals where…
7 pages (1757 words)
Pricing Decisions
Article 5 aims to find out the methods of setting prices which are dominating Slovenian business practice. Introduction The articles deal with the pricing practices and strategies in various businesses. As stated in article 1, the businesses and consumers have perfect knowledge of the marketplace but actually they lack the perfect knowledge. This makes the establishment of a pricing policy…
4 pages (1004 words)
casestudy
IAS 16 requires that the recognition principle is applied to all property, plant and equipment costs only at their occurrence. Amongst other things, the costs include the initial costs incurred for either the acquisition or the construction of an item of property plant and equipment and the subsequent costs that are incurred for replacement of parts or service. There exists two types of accounting…
6 pages (1506 words)