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Business Law - Essay Example

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Introduction In the world of business, several transactions are undertaken by different individuals and stakeholders for the benefit of the organizations. In the process of conducting business, problems abound which require practical solutions to resolve the issues behind these problems…
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Download file to see previous pages This is a system that categorises the different laws enacted into several distinct sections. However, other laws have legal jurisdiction in the United States, but they are not categorized under the United States Code. Some of these laws include the Universal Commercial Code (UCC) and the law of contracts. Scenario Overview The scenario presented by the events leading to the case of Chetum versus Barkley raises a lot of legal issues that need to be investigated. Ian Chetum is a shrewd businessman who awarded a contract to a family firm belonging to Knarles and Barkely. However, the terms of the contract were unclear and thus it created conflict between the interested parties. Ian Chetum has sued Barkely and his company for breach of contract, and this situation needs legal interpretation. There are several laws enacted in the United States of America and this laws deal with civil wrongs, torts or contracts. The sale of goods or service is guided the law of contracts, but in this scenario, we witness several mistakes committed by the stakeholders in the case. For instance, Ian Chetum who owns the building in North Virginia ignored expert advice advanced to him by a plumber who works for Barkely. It is important to note that the firm run by Knarles and Barkely has jurisdiction in three districts of Columbia, Maryland and Virginia. As a result, they have the legal right to operate in these regions while the company can conduct business with any business partner or consumer. Laws in the United States There are several laws in the United States of America and most of these laws are enacted the House of Senate. Most of US laws are sourced from the senate while other international laws are recognised in the United States. For instance, the Uniform Commercial Code (UCC) is an international law that has jurisdiction in the US. Other sources of law that is usually relied upon in the courts of law in the United States include law based on precedence. This is whereby court decisions on previous legal matters are used in solving current court cases. Most agreements or contracts are based on the agreements made between two or more parties. A contract has provisions that guide on initiation, performance and termination of the agreement/contract. A contract should be entered through an agreement where an offer is made by one party, and acceptance is done by the other party. For a contract to be legally binding there must be free and genuine consent between the parties. A contract should include provisions that can easily be performed while the provisions should bear meaning. In the United States, the laws of contract and sales are different since these laws are used in different circumstances. For instance, contracts are used in drawing agreements that last long periods of time unlike sales laws that govern on sale of goods. Legal Issues The scenario presented in this case raises several legal issues which surround the job conducted on Ian Chetum’s building. Employees or professional who work on certain jobs have to be certified to conduct these jobs. Knarles’ company employees a plumber who is certified by the District of Columbia and thus, he has jurisdiction to work in Columbia. This raises the legal issue of jurisdiction in that is the same plumber licensed to work in other Districts such as Virginia and Maryland. Another important legal issue that needs to be looked into is if the unintended non-renewal of the plumber’ ...Download file to see next pagesRead More
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