Laws Affecting Business

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“Laws Affecting Business”

Submitted By: ID 8012-9054

“Laws Affecting Business”
Course Title: Introduction to Business

EMBA Program Department of International Business

Department of International Business Faculty of Business Studies University of Dhaka Submitted by

Submitted to Professor Dr. Abu Hosain Siddique

Balaram Aich ID No. 8012-9054 Session: Summer, 2012, EMBA

University of Dhaka Date of Submission: July 07, 2012

1

“Laws Affecting Business”

Submitted By: ID 8012-9054

Contents 
Definition of Laws.................................................................................................. 4 Definition Business Law.......................................................................................... 5 Laws Affecting Business ......................................................................................... 6 The Law of Torts ............................................................................................... 6 Unintentional Tort ........................................................................................... 7 Conditio sine qua non ...................................................................................... 7 Toxic tort ....................................................................................................... 8 What Are the Different Types of Tort Damages? .................................................. 9 What Is Battery Tort? ..................................................................................... 10 What Is a Tort Statute of Limitations? ............................................................... 10 Difference between Strict Liability and Fault Liability ........................................... 11 Causation...................................................................................................... 12 Damages ...................................................................................................... 12 Immunity ...................................................................................................... 13 Tort reform Initiatives ..................................................................................... 13 Products Liability [6] ........................................................................................ 14 Current State of the Law ................................................................................. 14 Warranties .................................................................................................... 15 Types of Warranties........................................................................................ 15 The Law of Contract........................................................................................ 16 Definition of Contract ...................................................................................... 17 The Elements of a Contract [7] .......................................................................... 18 Types of Contracts ......................................................................................... 20 Written Contract ............................................................................................ 20 Who can enter into a Contract .......................................................................... 21 Oral or Verbal Contracts [7] .............................................................................. 22 "Breach of Contract" and Lawsuits .................................................................... 22 What is a "Breach of Contract"?........................................................................ 23 What Happens After a Contract is Breached? ...................................................... 23 Remedies for a Breach of Contract .................................................................... 24 Damages ...................................................................................................... 24 Top 10 Reasons to Avoid...
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