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 major Aspects 4 Case Application 6 4.1 applicable Law 6 4.2 Applications of facts to constabulary 6 4.3 Conclusion 7 References 8 Introduction parking lot law system is originated in England in middle ages and laws argon do by the judges found on the decisions make on the characters. Thus, coarse law is withal known as fictitious character law. Decisions on past cases by superior courts atomic count 18 binding and crucial for future cases handled by trim down courts. under(a) super acid law, there is pick up under ones skin law which facilitates the transactions make between different parties in particular businesses. When there is pique of contracts, remedies be required to solve the problems that argon likely to happen. One of the major(ip) remedies is common law remediation. The very stolon type of remediation could shit been Weregeld paid by cause of death of Saxons for homicides. However, as era passes, more than types of therapeutic be formed. In business world, return are handled based on case laws and originated from different cases provided as how common laws are formed. rising 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 losings are claimable for the damages from the trespass of contracts. opposite example would be Dunlop Pneumatic Tyres Ltd v New service department and force back Co. (1915) case that established guidelines to spot 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 restore the innocent party with the criterion of money that would... If you wish to get a full essay, establish it on our website: Orderessay

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