Business law and ethics Essay Example | Topics and Well Written Essays - 2500 words

Business law and ethics - Essay Example Business law is a very important aspect as far as the interests of the customers are concerned. It has contract law regulations for protecting the ethical issues of the parties involved in any business transaction (John D. Ashcroft and Janet Ashcroft, 2007 and Richard. A. Mann and Barry S. Roberts, 2005). If the contract law is violated by any one of the parties, they would be liable to be punished under court of law (E.Allan Fransworth, 2004, Richard Craswell and Alan Schwartz, 1994 and Steven J. Burton and Melvin Aron Eisenberg, 2005). In the present case, Bert has given a word to Williams that he will not sell the car below $ 10,500 which he strictly followed. However, the problem lies in deadline given for the selling i.e. Saturday which he could not follow. Williams was told the car would not be sold before Saturday but the car was sold on Thursday. Williams has even communicated to Bert regarding his acceptance which however could not be red by Bert due to inadvertent incident. Hence it will not be proper to state that Bert would be made guilty for the incident. Moreover, legal matters would not put Bert in to trouble if the matter is dealt in the following manner. First of all, Bert has not committed any thing written to neither Williams nor Tom. Hence as far as the legal stand is concerned he has to be considered under safe zone. It doesn’t mean that oral conversation would not be taken seriously, it only indicates that relatively he has not assured any thing with higher intensity. In case of Ball V Bridges (1874), the judgment has gone in favor of seller as no offer and acceptance were made in writing and hence it would not come under breach of contract or business law. Hence the case of Bert under present study comes under this and he should not be made guilty as far as sale of his car is concerned. Bert should always maintain that he has not violated any terms of agreement what ever have been