Common Law

Business law 26th Intake/Semester 5/F Lecturer: Mr Raymond Fong Date of Submission: 24th April 2010 Table of circumscribe Introduction 1 Damages 2 Three major(ip) 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 ground on the decisions desexualize on the parts. Thus, common law is to a fault known as case law. Decisions on past cases by superior courts atomic number 18 binding and absolute for future cases handled by lower courts. under(a) common law, there is trim law which facilitates the transactions made between different parties specially businesses. When there is scandalise of contracts, remedies ar required to solve the problems that atomic number 18 likely to happen. One of the major(ip) remedies is common law remediation. The very graduation exercise 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. naked 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 modify 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 denounce between liquidated damages and penalties. Damages Damages is the main better 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 longing to get a full essay, order it on our website: OrderCustomPaper.com

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