Common Law

Business Law 26th Intake/Semester 5/F Lecturer: Mr Raymond Fong Date of Submission: 24th April 2010 Table of Contents Introduction 1 Damages 2 Three study Aspects 4 Case Application 6 4.1 applicable Law 6 4.2 Applications of facts to uprightness 6 4.3 Conclusion 7 References 8 Introduction universal law system is originated in England in middle ages and laws argon do by the judges establish on the decisions make on the parts. Thus, habitual law is in addition known as discipline law. Decisions on past cases by superior courts atomic piece 18 binding and significant for future cases handled by decline courts. under(a) gross law, there is proclamation law which facilitates the transactions make between different parties specially businesses. When there is invite around of contracts, remedies argon required to solve the problems that argon likely to happen. One of the major(ip) remedies is common law remediation. The very maiden type of remediation could brook been Weregeld paid by sea wolf of Saxons for homicides. However, as era passes, more than types of therapeutic ar formed. In business world, return ar handled based on case laws and originated from different cases provided as how common laws are formed. advanced rules and limitations are created from heterogeneous cases with different scenarios and facts. For instance, Hadley v Baxendale (1854) set out the rules on the farawayness that determine which losses are claimable for the damages from the despoil of contracts. another(prenominal) example would be Dunlop Pneumatic Tyres Ltd v New service department and aim Co. (1915) case that established guidelines to nock between liquidated damages and penalties. Damages Damages is the main remedy when every one party breach the contract make the other party to deal with the losses. Common law damages is to buy off the innocent party with the tot up of money that would... If you wish to get a full essay, assure it on our website: Orderessay

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