Common Law

Business law 26th Intake/Semester 5/F Lecturer: Mr Raymond Fong Date of Submission: 24th April 2010 Table of 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 law 6 4.3 Conclusion 7 References 8 Introduction Common law system is originated in England in middle ages and laws argon do by the judges establish on the decisions polish off on the facial expressions. Thus, common law is also known as case law. Decisions on past cases by superior courts atomic number 18 binding and positive for future cases handled by lower courts. under(a) common law, there is bosom law which facilitates the transactions made between different parties oddly businesses. When there is scandalize of contracts, remedies ar required to solve the problems that ar likely to happen. One of the maj or(ip) remedies is common law remediation. The very kickoff type of remediation could have been Weregeld paid by killer whale of Saxons for homicides. However, as era passes, more types of therapeutic are formed. In business world, return are handled based on case laws and originated from different cases provided as how common laws are formed. fresh 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 remediation from the breach of contracts. other example would be Dunlop Pneumatic Tyres Ltd v New service department and Motor Co. (1915) case that established guidelines to recount between liquidated damages and penalties. Damages Damages is the main indemnity when either one party breach the contract make the other party to deal with the losses. Common law damages is to compensate the innocent party with the amount of money that would..! . If you heed to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper