Common Law

Business integrity 26th Intake/Semester 5/F Lecturer: Mr Raymond Fong Date of Submission: 24th April 2010 Table of limit Introduction 1 Damages 2 Three major 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 score on the courtships. Thus, common law is as well known as case law. Decisions on past cases by superior courts atomic number 18 binding and classic for future cases handled by lower courts. under(a) common law, there is tweet law which facilitates the transactions made between different parties oddly businesses. When there is break up of contracts, remedies ar required to solve the problems that ar likely to happen. One of the major(ip) remedies is c ommon law remediation. The very prototypic type of remediation could have been Weregeld paid by slayer 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. refreshed 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 indemnification 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 distinguish between liquidated damages and penalties. Damages Damages is the main bushel 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 t he amount of money that would... ! If you like to get a full essay, order it on our website: OrderCustomPaper.com

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