This essay focuses on ACCESS TO, Dynamic Business Law. Discuss the issues raise under the headings “Critical Thinking” and “Ethical Decision Making” at the end of the case summary.
.- Edition 5 Go to p. 618. Examine the case 25-3 Discuss the issues raised under the headings. Critical Thinking” and “Ethical Decision Making” at the end of the case summary. Your answers should be type as a Word document, double spaced, and should be 1 to 2 pages in length.
Commercial law or business law is the body of law which governs business and commerce and is often consider to be a branch of civil law and deals both with issues of private law and public law. Commercial law regulates corporate contracts, hiring practices, and the manufacture and sales of consumer goods.
Many countries have adopt civil codes which contain comprehensive statements of their commercial law. In the Unite States, commercial law is the province of both the Congress under its power to regulate interstate commerce, and the states under their police power. Efforts have been to create a unified body of commercial law in the US: the most successful of these attempts has result in the general adoption of the Uniform Commercial Code.
, is the body of law that applies to the rights, relations, and conduct of persons and businesses engage in commerce, merchandising, trade, and sales. It is often consider to be a branch of civil law and deals with issues of both private law and public law. The word ‘Law’ has been derived from the Teutonic word ‘Lag, which means ‘definite’. On this basis Law can be define as a definite rule of conduct and human relations. It also means a uniform rule of conduct which is applicable equally to all the people of the State. Law prescribes and regulates general conditions of human activity in the state. 
Various regulatory schemes control how commerce is conduct, privacy laws, safety laws (i.e. OSHA in the Unite States) food and drug laws are some examples.
Some contracts, for example, the sale of land, or other particularly large transactions. Require the formalities of signatures and witnesses (sometimes in the form of a deed). English Contract Law requires all people, known as ‘parties’, to bring something of value, known as ‘consideration’, to a bargain as a precondition to enforce it.
The terms in a contractual agreement are incorporate through definitive promises. Reference to other terms or through a course of dealing between two people. English Contract Law allows plenty of freedom for people to agree the terms and content of a deal.
Contract Law is at its best when an agreement is perform and resorting to the courts is never need because each party knows their rights and duties (for example, a shareholder agreement).