Common Law

Business constabulary 26th Intake/Semester 5/F Lecturer: Mr Raymond Fong Date of Submission: 24th April 2010 Table of contents Introduction 1 Damages 2 Three major(ip) Aspects 4 Case Application 6 4.1 applicable Law 6 4.2 Applications of facts to law 6 4.3 Conclusion 7 References 8 Introduction Common law system is originated in England in middle ages and laws argon do by the judges establish on the decisions throw off on the shifts. Thus, common law is also known as case law. Decisions on past cases by superior courts atomic number 18 binding and arbitrary for future cases handled by lower courts. under(a) common law, there is annunciation law which facilitates the transactions made between different parties particularly businesses. When there is give way of contracts, remedies ar required to solve the problems that be likely to happen. One of the major(ip) remedies is common law remediation. The very scratch line type of remediation could have been Weregeld paid by sea wolf of Saxons for homicides. However, as era passes, more types of therapeutic are formed. In business world, return are handled based on case laws and originated from different cases provided as how common laws are formed. refreshful rules and limitations are created from heterogeneous cases with different scenarios and facts. For instance, Hadley v Baxendale (1854) set out the rules on the farawayness that determine which losses are claimable for the insurance from the breach of contracts. other example would be Dunlop Pneumatic Tyres Ltd v New service department and Motor Co. (1915) case that established guidelines to assort between liquidated damages and penalties. Damages Damages is the main mend when either one party breach the contract make the other party to deal with the losses. Common law damages is to compensate the innoc ent party with the amount of money that woul! d... If you invite to get a full essay, order it on our website: OrderCustomPaper.com

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