business law case study questions and answers pdf

Business Law I Essentials

(5 reviews)

Mirande Valbrune

Renee De Assis, Texas Woman's University

Suzanne Cardell, University of Massachusetts Dartmouth

Copyright Year: 2019

Publisher: OpenStax

Language: English

Formats Available

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Reviewed by Velda Arnaud, Department Chair, Instructor, and Advisor, Blue Mountain Community College on 4/5/24

All of the topics we need for our business law course are covered in this OER. read more

Comprehensiveness rating: 5 see less

All of the topics we need for our business law course are covered in this OER.

Content Accuracy rating: 4

Some topics need to be updated because this information is 5 years old.

Relevance/Longevity rating: 4

As previously stated, laws change, and this book is 5 years old.

Clarity rating: 4

The reading level may be difficult for non-native English language students.

Consistency rating: 5

Each chapter is nicely organized.

Modularity rating: 5

This is one of the best features.

Organization/Structure/Flow rating: 5

The content flows very well and ends with international law and securities.

Interface rating: 3

All of the information is on the website, and I would prefer to keep students in the learning management system.

Grammatical Errors rating: 5

So far, I have not found grammatical errors.

Cultural Relevance rating: 5

This is a business course, and they use many different examples. It seems quite representative of the population.

There is a low-cost printed book available for students.

Reviewed by Ben Carr, Associate Professor, James Madison University on 7/30/20

The text was comprehensive in general, to some extent too much so, and with regards to a few topics that I consider critical topics for a business course, completely lacking. First, as to the “too much”. There were some legal subjects which were... read more

Comprehensiveness rating: 4 see less

The text was comprehensive in general, to some extent too much so, and with regards to a few topics that I consider critical topics for a business course, completely lacking. First, as to the “too much”. There were some legal subjects which were unnecessary and seemingly used to take up space. For example, I do not know how or why any student not in law school would need to know about “res ipsa loquitur” (note: it was spelled incorrectly in the text). It is not a practical topic area and only lawyers would need to understand that concept. Another example was the Ethical Decision Making Policies. Despite putting it in the text, there was no discussion about the decision making process beyond just replicating the University of Michigan policy that was quoted. So, in this case, it did not even need to be included, and if so, it merited further discussion. There were a few other subjects dealt with similarly, but those did not necessarily detract from the overall value of the text itself. As for the “lacking” comment, it is surprising that a text on Business Law (even if it is an introduction) does not include a chapter on business entities. Corporations, LLCs, Partnerships (general and limited) and sole proprietorships are significant topics which deserve discussion and explanation. Also, there was no mention of vicarious liability. Respondeat Superior, principal/agent and partnerships are three legal areas where an employer/third party who is not directly involved in a specific incident can/may be held responsible to an injured party due solely to the relationship between that employer/third party and the person causing the injury. The section on ethics was also failed to address professional ethics vs. personal ethics. How those two interact on a daily basis, especially with regards to corporate decisions is an important topic to discuss. For example, Hobby Lobby refused to comply with an Affordable Care Act requirement that medical insurance provided by employers include contraceptives. An employee filed suit, and the U.S. Supreme Court had to ultimately decide the issue. That was a personal value/ethic that the owners of Hobby Lobby (it was privately owned) utilized instead of a “professional” value/ethic. The criminal law section did not address battery and how it was technically different from assault. This is not a critical issue in business law, but if the author(s) were going to address assault, then battery should have also been addressed. The ADR section should have, in my opinion, considered the benefits of an employee agreeing to a pre-employment waiver of the right to trial. Many employers are now either requiring, or at least making it optional, for an employee to waive that right. The consequences of doing so are important and deserve some coverage. The sections on both sexual harassment and negligence were far too superficial and short. These are two areas of significant corporate liability exposure and lawsuit filings. Neither received the type of attention which they deserved. Lastly, I am a big fan of hypotheticals. In this reviewer's opinion, there were not enough of those, especially not enough real-world cases used as tools to explain a concept.

The content was generally accurate with some nit-picking on my part. For example, the author(s) stated that most states do not allow minors to void a contract after turning 18 years of age. It is my understanding that most states actually allow for a “reasonable” time after turning 18 for a minor to void a contract unless that minor has somehow ratified or affirmed the contract after turning 18. Also, comparative vs. contributory negligence was not handled as deftly as it could have been. First, there are two types of comparative negligence, which was not discussed, and second, it is solely dependent upon which state in which the incident occurs as to whether comparative negligence (either type) or contributory negligence will be utilized in a legal analysis. Another nit-picking on my part deals with a few minor mischaracterizations and/or inadequate information. An example of that is when the author(s) discuss the McDonald’s case involving the hot coffee. A significant issue in the case was punitive damages, because McDonald’s knew that their coffee was too hot and had made the “business” decision to not change the temperature. To simply use the case as a “negligence” example misses the primary point of that case. Yet another nit-picking was that when the author(s) discussed Title VII, they did not point out that there are employee limits to the application of that Title. For example, Title VII’s prohibition against discriminating against a person with a disability does not apply to an entity with fewer than 15 employees, while the prohibition against discriminating against age does not apply to an entity with fewer than 20 employees. This is important, because state laws can lower those thresholds and readers need to be ultra aware of checking both the federal and state law protections. There were other nuances that the author(s) did not mention which would be valuable as instruction, such as with sexual harassment. In sum, the text was relatively comprehensive, and would be most useful to an instructor with legal experience who could utilize it in a very, very basic, almost vocabulary level, manner. It says that it is “Essentials”, but there are some essentials, which I have addressed, that I feel should have been included. Assuming that it is intended solely as a very basic introduction, that is where its value can be found. Otherwise, an instructor trying to utilize the text without a sound legal understanding to begin with will find that it will raise many questions that students may ask which he/she will not be prepared to answer or explain and/or even convey information which may be incorrectly applied.

Relevance/Longevity rating: 5

Due to its very basic manner of addressing virtually all the topics, the content is up-to-date in its content. Without further exploration of the topics in the text, i.e. Essentials II, the text is only marginally useful as a text for practical legal considerations on its own. The text is written and/or arranged in such a way that necessary updates will be relatively easy and straightforward to implement.

Clarity rating: 5

The text was written in a way that most would understand. There were a few times when I had to re-read a sentence or paragraph and use my own understanding to have the passage make sense. Again, it is important that whoever uses the text already have a legal background.

The text was consistent in terms of terminology and framework.

Modularity rating: 4

Due to the nature of law itself, the text is marginally susceptible to being divided up into different sections at different points. To stress, that is not the author(s) issue, that is the nature of the beast. There has to be some scaffolding in law with certain concepts being taught/learned in order. In terms of its comparison to other legal texts in this topical area, I would strongly guess that it is pretty consistent and does as well as it can except for one suggestion that I will give in the following review area.

Section 5.2 seemed to me to be out of place. It would be far better suited if placed either in chapter 1 or as its own chapter between chapters 1 and 2. Otherwise, the topics in the text are presented in a logical, clear fashion.

Interface rating: 5

I had no problems with the interface or with navigating through the text. Everything was clear and I did not discern any distractions or confusions to the reader.

I am not an English major, but I did not notice any grammatical errors.

The text is not culturally insensitive or offensive in any way. I would, however, suggest that the cultural events since the text was published would justify a supplement. More discussion of Title VII and the sex, race and color classes would be appropriate.

I think the goals of this text were laudable, but fell just a little short of my expectations. At times, it seemed as though someone other than an attorney or someone familiar with law was writing it, and was just cutting and pasting without a practical understanding of what was being written. That may be due more to a goal to just give some "essentials" to supplement the in classroom teaching of an instructor with some legal knowledge or experience.

Reviewed by Paolo Davide Farah, Assistant Professor, West Virginia University on 5/1/20

The reviewer believes that text covers all areas and ideas of the subject appropriately. The title of the book is Business Law I Essentials, so the expectation is that there might be the need to prepare a Business Law II Essential for the areas,... read more

The reviewer believes that text covers all areas and ideas of the subject appropriately. The title of the book is Business Law I Essentials, so the expectation is that there might be the need to prepare a Business Law II Essential for the areas, which are missing from the analysis. In fact, my interpretation and understanding is that this book selects some of the most important issues in the areas, but it is also focusing on what it can be virtually possible to cover in a single class module. In fact, 14 sections/chapters are equivalent to a 14-week class. I believe that this textbook is useful for a first clear introduction to beginners and then students can complement with the constitution, the case law, case studies, simulations and other relevant real life examples and experiences.

Content Accuracy rating: 5

The reviewer considers that the content of the book is accurate. The selection of topics is also relevant. Particularly, the corporate social responsibility is an area not covered by all business law textbooks. Generally, other business law textbooks cover predominantly the market oriented analysis and not sufficiently the limits to globalization and the business sector represented by the necessary balance between business and human rights, business and sustainable development, business and other non-commercial values. I would probably extend some parts to also cover corporate governance

The reviewer considers that the book covers relevant contemporary issues without risks for the longevity of the book. The case studies are useful to students to learn from practice.

As previously mentioned, the text is clear and organized in such a way that is easy to access for students that will approach these topics for the first time. The instructor can use the single chapters as the main topic for each of the classes complementing this book with cases and other additional readings. The terminology and the language is accessible to students and non-experts.

Consistency rating: 4

The text is internally consistent, but I believe the pictures are not a relevant addition to the textbook. It would be advisable that the author revises the textbook to use pictures that are actually relevant for the analysis of each of the sections.

Each chapter can be used as an individual section for class modules and lectures complemented with additional materials.

The topics in the text were presented clearly.

The text does not present any interface, but it necessitates some external materials to cover some aspects. In addition, the pictures are not representative of the contents of the textbook.

The reviewer did not detect grammatical errors.

During the review, no culturally insensitive remarks or offensive statements have been detected in any way.

I will use this book for one of my classes.

Reviewed by Steve Custer, Associate Professor, Oakland City University on 12/19/19

This book covered the major aspects inherent to the legal landscape of business. Its subject matter is well referenced and provided a solid vocabulary of terms. Particularly, the content offered an informative section on negotiation skills and... read more

This book covered the major aspects inherent to the legal landscape of business. Its subject matter is well referenced and provided a solid vocabulary of terms. Particularly, the content offered an informative section on negotiation skills and tactics that I would recommend.

Upon inspection, this reviewer found the book to be accurate, without errors, and neutral in its presentation.

This reviewer found the text to be timely and informative. Specifically, chapter 7 (contract law) provided some excellent real-world examples that should be incorporated into classroom discussions.

The book is well formatted which should enable the entry level business law student to excel in their learning and comprehension of broad based legal definitions.

The text is largely consistent, although the authors elected to provide more examples and tables to illustrate concepts in the latter chapters of the text than in the former chapters.

The chapters of this text were well assembled and concise. I would not hesitate to adopt portions alongside other material in the classroom.

The topics were presented in a clear fashion and were easy to understand.

Interface rating: 4

No interface issues were noted, but when compared with other resources, additional content seemed lacking at times.

No grammatical errors were found during this review.

Upon inspection, this reviewer did not notice any insensitive or offensive material in this text.

There are a plethora of business law texts available in the marketplace. Whatever resources one chooses to adopt, the Business Law Essentials text could certainly be utilized as an effective supplement in the classroom.

Reviewed by Chelsea Green, Assistant Clinical Professor, Miami University on 12/6/19

Even though this text is an "essentials" text, there are certain topics that are missing from the text that I would expect to find in a basic legal environments textbook. These include topics such as 1) Real, Personal, and Intellectual Property;... read more

Comprehensiveness rating: 3 see less

Even though this text is an "essentials" text, there are certain topics that are missing from the text that I would expect to find in a basic legal environments textbook. These include topics such as 1) Real, Personal, and Intellectual Property; 2) Negotiable Instruments and Banking; 3) Secured Transactions and Bankruptcy; 4) Agency and Liabilities to Third Parties; and 5) Business Organizations. The text includes both a table of contents and an index. It would be nice to see a glossary and the US Constitution in the back. The material included is fairly basic and doesn't explore the topics with adequate depth.

I am not finding inaccurate information, however, both sides of various topics are not included such as the free market argument that those arguing for corporate social responsibility would normally face.

Relevance/Longevity rating: 3

Most of the book covers foundation material that will timeless. However, there are a number of links to supporting information located on the web that could become obsolete. This text also lacks examples of the law from trial cases, which may increase the longevity of the text, however, this trait also leads to the shallower coverage of the topics.

The book is easy to read and provides user-friendly vocabulary for a non-lawyer.

The text is internally consistent in terms of terminology and framework. Again, if provides basic information regarding the legal topics covered.

This text is easily read and could be divided up cleanly.

Organization/Structure/Flow rating: 4

The organization of the material is logical and clear. There is good use of headings and visual breaks for the reader. The end of the chapters provide simple multiple choice questions for a learner to test themselves. There is not a summary provided at the end of the chapter which is common with standard texts.

I did not find any interface issues related to this text.

Grammatical Errors rating: 4

I did not find any grammatical errors that would stand out to a learner and distract from the content.

Cultural Relevance rating: 4

There are few examples in this text on which to judge its culturally insensitivity. The images included in the text illustrate a diverse group of participants in the law.

The images included in this book seem to be inserted only to take up space. Images in a law text can be very helpful for the non-learner by providing comparisons and flowcharts to simplify concepts. Consider using more meaningful images to support the text and provide the textual information in a different way.

Table of Contents

• 1 American Law, Legal Reasoning, and the Legal System
• 2 Disputes and Dispute Settlement
• 3 Business Ethics and Social Responsibility
• 4 Business and the United States Constitution
• 5 Criminal Liability
• 6 The Tort System
• 7 Contract Law
• 8 Sales Contracts
• 9 Employment and Labor Law
• 10 Government Regulation
• 11 Antitrust Law
• 12 Unfair Trade Practices and the Federal Trade Commission
• 13 International Law
• 14 Securities Regulation

Ancillary Material

About the book.

Business Law I Essentials is a brief introductory textbook designed to meet the scope and sequence requirements of courses on Business Law or the Legal Environment of Business. The concepts are presented in a streamlined manner, and cover the key concepts necessary to establish a strong foundation in the subject. The textbook follows a traditional approach to the study of business law. Each chapter contains learning objectives, explanatory narrative and concepts, references for further reading, and end-of-chapter questions.

Business Law I Essentials may need to be supplemented with additional content, cases, or related materials, and is offered as a foundational resource that focuses on the baseline concepts, issues, and approaches.

About the Contributors

Renee De Assis

Suzanne Cardell , University of Massachusetts Dartmouth

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Business Law

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Introduction

Chapter outline, learning outcome.

• Describe the foundation and sources that establish American law.

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• Authors: Mirande Valbrune, Renee De Assis
• Publisher/website: OpenStax
• Book title: Business Law I Essentials
• Publication date: Sep 27, 2019
• Location: Houston, Texas
• Book URL: https://openstax.org/books/business-law-i-essentials/pages/1-introduction
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Business Law Notes | PDF, Syllabus | MBA, BBA, B COM 2024

• Post last modified: 13 October 2022
• Reading time: 30 mins read
• Post category: BBA Study Material / BCOM Study Material

Download  Business Law Notes , books, syllabus PDF for MBA, BBA, B.COM 2024. We provide complete business law pdf . Business law study material includes  business law notes , business law book , courses, case study, syllabus , question paper, MCQ, questions and answers and available in business law pdf  form.

Business Law subject is included in mba 1st semester subjects , business legislation mba notes , bcom 1st sem subjects and business law bba notes . So students can able to download business law notes for mba 1st sem pdf

Business Law Notes

( Click on Topic to Read )

What is Business Law?

• Indian Contract Act 1872
• Types of Contract
• Offer: Types, Elements
• Elements of a Valid Contract
• Performance of a Contract
• Discharge of Contract
• Sales of Goods Act 1930
• Goods & Price: Contract of Sale
• Conditions and Warranties
• Doctrine of Caveat Emptor
• Transfer of Property
• Rights of Unpaid Seller
• Negotiable Instruments Act 1881
• Types of Negotiable Instruments
• Types of Endorsement
• Promissory Note
• Bill of Exchange
• Crossing of Cheque

Table of Content

• 1 Business Law Syllabus
• 2 Business Law Notes PDF
• 3.1 What is Business Law?
• 3.2 Importance of Business Law
• 4 Business Law Questions and Answers
• 5 Business Law Question Paper
• 6 Business Law Book
• 7 Go On, Share & Help your Friend

Business Law Notes  can be downloaded in business law pdf from the below article.

Business Law Syllabus

A detailed Business Law Syllabus as prescribed by various Universities and colleges in India are as under. You can download the syllabus in business law pdf form.

Law of Contract : Offer and Acceptance, Capacity of Parties, Free Consent, Essentials of a Contract, Void Agreements and Contingent Agreements, Performance and Discharge, Remedies for Breach and Quasi Contracts, Consideration and Legality of Object.

Sale of Goods : Conditions and Warranties, Transfer of Ownership and Delivery, Rights of an Unpaid Seller, Nature of Contract of Sale.

The Negotiable Instrument Act : Nature and Types, Negotiation and Assignment. Holder in Due Course, Dishonor and Discharge a Negotiable Instruments.

The Companies Act : Types of Companies, Memorandum and Article of Association, Shareholders and Debenture Holders, Minority Protection, Winding-up.

Consumer Protection Act : Consumer Rights, Exploitation of Consumer, Consumer Protection, Utility of Consumerism.

Partnership : Rights, Duties and Liabilities of Partners, Dissolution of Partnership Firms, Definition and Registration of Partnership.

Business Law Notes PDF

Business Law Definition: Business Law is a law specialisation which is also referred to as Mercantile Law. Business Law deals with the laws on the basis of which every deal between people and commercial firms are governed.

Importance of Business Law

It’s important for business owners, managers, and other professionals to have a basic understanding of business law to help them make better decisions. Businesses need these laws for the same reasons that people do: to define unacceptable behaviour, to provide certainty and stability, to protect the public, and to provide a mechanism for businesses to resolve disputes.

Business Law Questions and Answers

Some of the business law questions and answers are mentioned below. You can download the QnA in business law pdf form.

• What Is Business Law?
• What Is The Meaning Of Mercantile Law?
• What do you mean by Negotiable Instruments? What are essential. characteristics of a ‘Promissory Note’?
• Describe the procedure of winding up of a company,
• Explain the procedure for complaint under the Consumer Protection Act along with an appropriate example.
• Write a short note on (any two)
• (a) Types of Contract
• (b) MOA (Memorandum of Association)
• (c) Rights of a Partner
• (d) The utility of Consumerism.

Business Law Question Paper

If you have already studied the business law notes , then its time to move ahead and go through previous year business law question paper .

It will help you to understand question paper pattern and type of business law questions and answers asked in mba, bba, bcom business law exam. You can download the syllabus in business law pdf form.

Business Law Book

Below is the list of business law book recommended by the top university in India.

• Avtar Singh, Mercantile Law, Eastern Book Company
• Chandra Bose, Business Laws, PHI, 2008
• Bulchandani, Business Law for Management, 2009, Himalaya Publishing
• Kumar, Legal Aspect of Business 1st, ed. 2009, Cengage Learning
• Taxman’s General and Commercial Laws, 2009
• M.C. Kuchhal Business Legislation for Management 2nd ed. Vikas Publishing

Below is the top business law book that can be bought from Amazon.

Business Law

• Author : M C Kuchhal, Vivek Kuchhal
• Publisher:  S Chand, 7e
• Amazon Bestsellers Rank : #53 in Business Law
• Customer Reviews: 4.7 out of 5
• Author : P C Tulsian, Bharat Tulsian
• Publisher:  McGraw Hill, 3e
• Amazon Bestsellers Rank : #71 in Business Law
• Customer Reviews: 4.5 out of 5

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In the above article, a student can download business law notes for mba 1st semester subjects , bcom 1st sem subjects and bba 1st semester subjects . Business law study material includes business law notes , business law books , business law syllabus , business law question paper , business law case study , business law questions and answers , business law courses in business law pdf form.

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Table of contents (6 chapters)

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The Harvard Business School has produced many business case studies. Many, but not all case studies are published in the Harvard Business Review . Case studies published in the HBR are findable by title in LibrarySearch or via the EBSCOhost Business Source Complete database using the link below:

• Harvard business review

Select "Search within this publication" at the top left.  Then add your keywords and select Document type to be Case study.

Harvard Business School case studies may appear on the HBR website, hbr.org , but not be published in the Review itself. These cases are  not findable in LibrarySearch. In this situation, a case may be located by searching within the Harvard Business Review Digital Articles database, at the link below:

• Harvard Business Review Digital Articles Collection of articles hosted in EBSCOhost from the Harvard Business Review website, HBR.org

When linking to a case study that is an HBR digital article, link to the copy found in Harvard Business Review Digital Articles on EBSCOHost. Do not link to a case on hbr.org , since access limits will cause users to encounter a paywall. If case studies or other material from the Harvard Business School are not available via either of the databases mentioned above, please contact our Teaching Support Services .

• Business Source Complete (EBSCO) Aside from case studies within the Harvard Business Review, the Business Source Complete database within EBSCO contains case studies from other sources. They can be found using advanced search and selecting "case study" as the document type.
• SAGE Knowledge Within SAGE Knowledge is SAGE Business Cases, a set of business case collections divided by business discipline and geographic region.
• Emerald Insight An extensive business research database. Click on advanced search and then select the case studies checkbox.
• MarketLine Select "Analysis" from the menu bar, and select Case studies. Both Industry and Company cases can be found.
• WARC: World Advertising Research Center From the menu bar, select Advanced Search. Then beside "Select sources" check the Case studies box.
• Factiva Use "case study" or "case studies" as terms when building your search. There is no option to limit to case studies as a resource type.
• Passport Passport provides geographically discrete reports and analysis on companies and industries. These reports are not case studies, but provide context and data background which may enrich understanding of cases found elsewhere.
• Henry Stewart Talks Business & Management Collection HSTalks provides access to world class lectures and case studies by leading experts from commerce, industry, the professions and academia, in one online resource - accessible wherever, whenever and as often as is wanted.
• Business Collection (Informit) Search by topic and then narrow to Case Studies using Identifier selection in right side menu.

Note : some databases provide Teaching Notes to accompany case studies. These materials are usually restricted to teaching staff. If you have a teaching role at RMIT, and would like access to the Teaching Notes, first create a personal profile or account in the relevant database, then contact the Library at [email protected]  and staff will then organise upgraded access.

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To find information on legal *cases* argued in the courts, see our Law and Justice library guide.

• Law and Justice This guide provides access to major Australian legal resources. It also provides tips on searching for different types of legal resources.
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• Last Updated: May 13, 2024 7:49 AM
• URL: https://rmit.libguides.com/casestudies

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Concentrate Questions and Answers Company Law: Law Q&A Revision and Study Guide (3rd edn)  

The Concentrate Questions and Answers series offers the best preparation for tackling exam questions and coursework. Each book includes: typical questions; suggested answers with commentary; illustrative diagrams; guidance on how to develop your answer; key debates; suggestions for further reading; and advice on exams and coursework. Concentrate Q&A Company Law offers expert advice on what to expect from your company law exam and coursework, how best to prepare, and guidance on what examiners are really looking for. Written by an experienced examiner, it provides: reminders of points to consider; indications of key debates for each topic; exam-length suggested answers; clear commentary with each answer; diagram answer plans; cautionary points; tips to make your answer stand out from the crowd; and annotated further reading suggestions at the end of every chapter. The book should help you to: identify typical company law exam questions; structure and write a first-class answer; avoid common mistakes; show the examiner what you know; develop and demonstrate your understanding; identify connections between topics; and find relevant and helpful further reading. As well as separate chapters on exam skills and preparing coursework, it covers: companies and corporate personality; the corporate constitution; shares and shareholders; directors’ duties; company management and governance; minority shareholder remedies; corporate liability (contracts, torts, and crimes); share capital; loan capital; and corporate insolvency. The book is suitable for undergraduate students taking a module in company law on the LLB and GDL, and undergraduate students studying aspects of company law on other degreecourses.

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• Guide to the online resources  
• Table of cases  
• Table of legislation  
• 1. Exam Skills for Success in Company Law  
• 2. Companies and Corporate Personality  
• 3. The Corporate Constitution  
• 4. Shares and Shareholders  
• 5. Directors’ Duties  
• 6. Company Management and Governance  
• 7. Minority Shareholder Remedies  
• 8. Corporate Liability: Contracts, Torts, and Crimes  
• 9. Share Capital  
• 10. Loan Capital  
• 11. Corporate Insolvency  
• 12. Mixed Topic Questions  
• 13. Skills for Success in Coursework Assessments  

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Business Case Studies

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Business Law Case Study - The Sole Proprietor

This Case Study is eligible for up to 1 Professionalism Hour

On February 23, 2018, John Ross, senior partner of the law firm, Ross & Simmons LLP in Oakville, Ontario, picked up a phone message from Vincent Serrano, auditor for his client, Williams Furniture Inc. (“WF Inc.”).  Vincent told John that the company’s sole owner and director, 74-year old Doris Williams, had a mental breakdown at the office and had been admitted to the hospital. With three large transactions requiring Doris’ approval due to close at the end of the week, John wondered what he was going to do. The Lawyer John Ross, a business lawyer called to the bar of Ontario in 1998, had practised for 20 years at Ross & Simmons LLP, a national business law firm. His practice focused on mergers and acquisitions, corporate finance, major project organization, corporate reorganization, and commercial real estate, and he acted for several business owner-managers and their Boards of Directors.  John had represented WF Inc. and its sole owner and director, Doris Williams, for the past 15 years.

Business Law Case Studies with Solutions

• Post author: myspeakhr
• Post category: Case Study
• Reading time: 5 mins read

Discussed here is the Business Law Case Studies with Solutions. Business Law is also known as Legal Aspects of Business, Commercial Law etc. Here we have given short case studies along with solutions in business law. These simple case law in commercial law contains cases related to Contract Act 1872, Sale of goods Act and Consumer protection Act with solutions. All the 3 Acts discussed here is majorly used in business transactions. These short case studies on commercial law with answers will be helpful for students of MBA, BBA, B.com and Law. These case studies and solutions are explained in very simple words without much difficult legal terms for the benefit of the students.

Below is the Business Law Case Studies with Solutions.

I. Indian Contract Act Case Studies

1. case study on basic contract act.

“A gives an offer in the newspaper for the sale of his HP laptop for Rs. 15000. He also stated that Those who are willing to purchase can send a message to his mobile.”” In this simple case consider the following situation and discuss the solution:

a) B was interested to purchase the laptop and sent a message stating that he wish to purchase for 12000. Was it an acceptance is given by B-

No it was not an acceptance It can be termed as counter offer. If feasible A has to give acceptance.

b) B was interested to purchase the same but he asked C to message on behalf of B. and C messaged as follows

“My friend B is interested to purchase your laptop for 15000”  . Here is this a valid Acceptance? is A binded by the acceptance.

No this is not a valid acceptance. The acceptance needs to be given by the accept-or itself. Hence A is not binded by the action of C.

c)  B who is much interested in purchasing the laptop had called Mr.A and given the acceptance through his phone. Is A obliged for acceptance given by B.

The acceptance must the given by the mode prescribed by the offer-or only. Hence in the given case the acceptance given by B through telephone is not an acceptance.

2. Case study on Valid Contract

Mr. X invited Mr. Y his business partner for X’s sisters marriage. Y accepted the invitation in this ground X booked a table in a costly hotel where the marriage takes place. Due to some reason Y could not attend the function. What type of contact is this. Is this a valid contract. Justify your answer.

This is not a valid contract on the following basis:

a. This is a social agreement. The agreement is not created with an intention to create legal relationship rather to create a social relationship.

b. There is no consideration involved in the contract hence it is not a valid contract.

II. Consumer Protection Act Case Studies

3. case study on who is a consumer.

a. Mr. A bought a printer from an electronics store for using it at home. The TV was defective. Is Mr. A a consumer?

Yes Mr. A is a consumer as he purchased the printer for his own use.

b. Balu is a distributor for computer accessories. He bought 100 pen-drives for selling to other computer vendors. Is Balu a consumer?

Balu is not a consumer as he has obtained accessories for resale.

4. Case study on Restrictive and Unfair trade practices

Mr. X went to a electronic shop to purchase a TV for his newly built house. He asked the information about Samsung 40 inches LED TV to the shop keeper. The shop keeper being a dealer of other brands misguide the customer stating that Samsung had planned to stop the production of 40 Inch LED TV’s. The shopkeeper made the customer believed the same and advice him to purchase some other brand.

The act of Shop keeper is Restrictive trade practice or Unfair trade practices?

The act of shopkeeper is a unfair trade practice as he had mislead the customer with a motive to increase his sale.

III. Sale of Goods Act 1930 Case studies

5. case study on sale or agreement to sell.

On 1st March 2017, Alex agreed to sell his car to Beny for Rs. 80,000. It was agreed between themselves that the ownership of the car will transfer to B on 31st March 2017. when the car is gets registered in Beny`s name. Justify whether it is sale or agreement to sell.

It is an agreement to sell and it will become sale on 31st March when the car is registered in the name of Beny.

6. Case study on Warranty

Anay purchased a second hand typewriter from Balu. Anay used it for sometime and also spend some money on its repairs. The typewriter turned out to be stolen one and as such Anay had to return it to the true owner chand. Is it a breach of Warranty or not. What remedy will Anay get?.

It is a breach of warranty. It is a implied warranty as to quite possession. It was held that Anay could recover damages from Balu amounting to the price paid and the cost of repair.

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