We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Business law coursework - Essay Example

Comments (0)
Peter’s buying the 10000 Horizon shares is a direct consequence of the Bumble&Co’ financial statement which stated that Horizon was making profit. Due to the untrue information in this statement, the shares ‘value decreased, which caused financial losses to the…
Download full paper
Business law coursework
Read TextPreview

Extract of sample
Business law coursework

Download file to see previous pages... Lord Kenyon held: “There are many situations in life, and particularly in the commercial world, where a man cannot by any diligence inform whom he deals; in which cases he must apply to those whose sources of intelligence enable them to give that information. If no injury is occasioned by that lie, it is not actionable; but if it be attended with a damage, it then becomes the subject of an action. It is admitted that Defendant’s conduct was highly immoral, and detrimental to society. And I am of opinion that the action is maintainable on the grounds of deceit in Defendant, and injury and loss to Plaintiff.”1
The next steps in proving the existence of tort of deceit is the fact that the claimant relied on the provided information and this caused loss to him. Even though it seems that Peter’s situation fits under these regulations, there is one big “On the other hand”: “in an action for deceit, it is not enough to establish misrepresentation alone; Fraud is established where it is proved that a false statement is made: (a) knowingly; or (b) without belief in its truth; or (c) recklessly, careless as to whether it be true or false.” 2 This is the House of Lords’ ruling in the case of Derry v Peek (1888).
Breach of duty occurs in the situation when the defendant owed a duty of care and his actions were lower than the reasonable standard. Smith and Keenan (2010, p.464) state that the test of a reasonable man should be applied to individuals “who have held themselves out as possessing a particular skill”3 as to average specialist in that domain. For example, as in Peter’s case, Bumble&Co – recommending themselves as a company which conducts financial analysis – were expected to act as an average accountant.
By providing a financial statement of poor quality, Bumble&Co actually provided misinformation to the shareholders. The company ignored its duty of care, established by objective standards, and provided false information. It accepted to ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Law coursework
Provided the directors act honestly, disapproving stockholders have no right to interfere with the management of corporate affairs" (Babb and Martin 320). The directors can bind the corporation only by action taken at a board meeting (Ibid). Directors exercise extensive powers in the management of their companies, influencing their company's conduct by virtue of their involvement in the decision making process.
8 Pages(2000 words)Essay
European Union Law Coursework
This Directive was to be implemented by the 25th of March 2006 by all the Member States; nevertheless, the UK government did not implement this Directive. Simon lives in a converted warehouse in Greenwich, which is adjacent to a warehouse belonging to Otis Chemicals Ltd.
10 Pages(2500 words)Essay
Coursework on Family Law
Since society norms change with each succeeding generation, family law values will have to keep pace with the changes. In this essay, I have attempted to document the simultaneous legal traditions which act as catalysts for bringing in reform discussions within this area of research.
16 Pages(4000 words)Essay
Business Law Coursework
The second is his claim against the ambulance driver and the hospital or the driver's employer under the principle of vicarious liability for personal injuries sustained caused by negligent driving. Crates Ltd (or "Crates"), on the other hand, has a claim for damages against the workman Eddy for his negligence and against Eddy's employer, Divies Ltd.
6 Pages(1500 words)Essay
Introduction to Law Coursework
For a contract to be valid, it must fulfil the following elements. Our subject of discussion is the distinction between an offer and an invitation to treat. Since an offer and acceptance is one of the essential
6 Pages(1500 words)Essay
International commercial law coursework
Both these measures adopted by Brazil are inconsistent with applicable laws, including MERCOSUR and World Trade Organisation (WTO) law. Article XI paragraph 1 of GATT 1994, which deals with general elimination of quantitative restrictions,
30 Pages(7500 words)Essay
Property law coursework
The existence of a DII land charge further suggests that the land is not registered.2 There is the possibility of existence of a restrictive covenant on the land could be
4 Pages(1000 words)Essay
Content Writing
Students will get their certification within three months of their successful participation in the examination and to admit at the subsequently arena. For all Academic requirements ---XXX--- is the well-known solution in academic arena. Our efficient
84 Pages(21000 words)Essay
International Business Law Coursework
Furthermore, an essential element of a CIF seller’s duty is to obtain a bill of lading, an insurance policy, any other document required by the contract2 and to forward these to the buyer. The buyer then pays on the invoice only when they have
10 Pages(2500 words)Essay
Business Law Individual coursework Scenario 2
Breach of contract discharges the contract and the other party does not need to perform its part of the promise. The party that breaches the contract is called the aggressive party and the other party is called the aggrieved party. Normally, damages
4 Pages(1000 words)Essay
Let us find you another Essay on topic Business law coursework for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us