- © 1988
Case Studies in a Business Context
- Desmond Painter 0
Dorset Institute of Higher Education, UK
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Table of contents (6 chapters)
Front matter, introduction summary of case-study contents summary of legal topics, introduction.
Summary of Case-study Contents
Summary of legal topics.
- Case Studies
Introduction to the Notes
Notes on each case study.
- business law
- commercial law
Book Title : Commercial Law
Book Subtitle : Case Studies in a Business Context
Authors : Desmond Painter
DOI : https://doi.org/10.1007/978-1-349-09263-5
Publisher : Palgrave Macmillan London
eBook Packages : Palgrave Political & Intern. Studies Collection , Political Science and International Studies (R0)
Copyright Information : Desmond Painter 1988
Softcover ISBN : 978-0-333-43466-6 Published: 18 June 1988
eBook ISBN : 978-1-349-09263-5 Published: 18 June 1988
Edition Number : 1
Number of Pages : X, 154
Topics : Commercial Law , Business and Management, general
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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:
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Select "Search within this publication" at the top left. Then add your keywords and select Document type to be Case study.
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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 Online Learning and Teaching support service .
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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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Business Law Case Study Examples ?
Case study of business law - sample at myassignmenthelp.
Business Law Case Study Examples
Business laws broadly govern the areas of commercial transactions and sales. Business law case studies involve a dispute between two legal entities involving mortgages, contracts, bankruptcies, etc. The students of law schools are given such situations of dispute to come up with possible legal solutions.
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Here are examples of some greatest contract law case study from various legal scenarios like strategic goals. These examples have been taken from actual case studies given to students at legal schools.
Consumer law example
Mr. Danie Mcsmith recently returned a leased car to GM. However, they charged him for not returning the service history and the manual with the car. Macsmith is unwilling to pay anything to the company since he claims that he has not received any service history or manual from the supplier of the car that was leased. Give legal advice to Swot And Pestel Analysis Of Intel .
A legal dispute between GM and Macsmith for not fulfilling the legal obligations under the lease agreement between the two.
Under the lease agreement between GM and Macsmith, the former is liable to pay for any damage or loss caused to the company's property.
However, Macsmith claims there has been a violation of the law since he has not received any service history or manual from the supplier. He has written proof of that.
Further, Macsmith has a right to protect his consumer interests under consumer law.
Macsmith should write a letter to GM stating that he could not return the service history and car manual since he has not received them from the suppliers. Further, he has written proof of them.
He must also write to the supplier stating that if the case goes up to the court of law, then he is under the law to implicate the supplier as the primary party responsible for the dispute.
Contract law example
A California-based smartphone company called DHS asked a software company, CDS, to develop perfect software for them. The software company gave a total estimate of 10,000 dollars for a total work of 20 days. It was agreed between the two companies that DHS would be paying CDS 30 percent before the beginning of the work, 60 percent after the initial version, and 10 percent on the competition.
After 10 days of work, DHS wrote a letter that the work would take more time since their chief software developer had left the company. After 15 days, CDS wrote back saying that they would only be able to deliver the source codes and provide an assistant developer who would finish the rest of the work.
After 20 days, when DHS asked for the final version, CDS told them that it could provide them with 80 percent of the work and would like the 60 percent as promised. However, fearing the non-completion of the project, DHS canceled the contract and asked for a full refund. CDS has threatened to take DHS to court for a breach of contract.
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Sample Question And Solution Of Business Law Case Study
Ha2022 business law acknowledged .
This group assignment consists of 2 parts. Part A is a case study on Contract law, and Part B is a question involving Civil Liability (the Law of Torts and Negligence). Both questions must be answered.
The parties who form a contractual relationship with each other are bound by the terms of the contract. The contractual parties can legally enforce each other to comply with the terms. In case these terms of the contract are breached, then the aggrieved parties have the right to demand compensation from the breaching party. Thus, liability can be imposed on the contractual parties in case they did not comply with the terms of the contract. However, the parties have the right to exempt themselves from the liability that they face for breaching the contractual terms by relying on the exclusion clause (Gibson, 2017). The parties of a contract can include the exclusion clause in the contract which allows them to eliminate their liability arise in case the contractual terms are breached. The objective of including the exclusion clause in a contract by a party is to exclude their liability completely or limit their liability to a fixed sum of money. In the case of companies or businesses, exclusion clauses are often displayed by them on the premises in the way of notice or on printed tickets or receipts (Sekendiz, Ammon & Connaughton, 2016). Many times parties incorporate these clauses in the contract while entering into a contractual relationship with third parties. While determining whether the exclusion clause is valid or not, the court inquires about the circumstances in which those terms become a part of the contract. Read more
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A contract is a legal agreement between two people that creates certain obligations that are enforceable by law. Therefore, disputes arising out of breach of contract are quite common.
Intellectual and property law
Intellectual and property law gives artists, inventors, and other creators a monetary reason to work. Copyrights and patents allow artists and inventors to stop anyone else from selling their creations. Therefore, the creators can market their works without direct competition from anyone else.
Bankruptcy & Insolvency Law
Bankruptcy is a legal process or court order, while insolvency is a state of financial distress. Bankruptcy is a specific type of insolvency, but there are others.
A tax is a charge by the government on the income of an individual, corporation, or trust and the value of an estate or gift. There are also other forms of taxes, like consumer sales taxes, use taxes, and real estate taxes. The objective of assessing tax is to generate revenue to be used for the needs of the public. According to legislative authority, a tax is not a voluntary payment but an enforced contribution exacted.
Tort law governs the remedies for civil wrongs. A person is liable for a wrongful act, whether accidentally or intentionally. The payment compensates the injured or the aggrieved party for damages. The concept of tort law is basically to redress a wrong done to a person and provide relief from the wrongful acts of others.
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Using ChatGPT to Make Better Decisions
- Thomas Ramge
- Viktor Mayer-Schönberger
While it may be tempting to just ask for answers, LLMs can assist you at every stage of the decision-making process.
A successful decision-making process has three steps: Framing the decision, generating alternatives, and deciding between them. Large language models can help at each stage of the process. But while it may be tempting to merely ask ChatGPT for answers, the real power of LLMs is how they can assist at each stage. Ask for help thinking of considerations you might be missing, or alternatives you might not have considered. LLMs can be a de-biasing tool, helping you frame and make the decision yourself.
Can ChatGPT help executives make better decisions? The large language model everyone has been talking about for months also has an eloquent answer to this question: “Yes, I can support you in management decisions by providing information, facts, analysis, and perspectives that can help you make an informed decision.” ChatGPT immediately follows up with a limitation of its own competence. “However, it is important to note that my advice and recommendations are based on an algorithmic analysis of data and information, and you, as a human being, still have to make the final decision based on your experience, knowledge, and assessment of the situation.”
Fair enough. But despite this dose of modesty — or because of it — large language models like ChatGPT can become powerful decision-making tools for managers and for companies. Their promise isn’t in providing us answers, but in helping us go through a more systematic decision-making process than is often the case today, even with important management decisions.
Three phases characterize well-informed decisions. First, we must define our goals and context. What exactly is the decision about, and based on which goals, values, and preferences? This way, we define the decision-making problem and set the decision-making framework. The second step is to develop choices: What decision-making options are available to us? The goal here is to generate many different alternatives and not, as is all too often the case, to focus just on the obvious options. Only when we have developed sufficient options from the decision-making framework can we evaluate them and make a well-informed decision in a third step.
Used skillfully, ChatGPT can already provide valuable services in all three phases for business decisions in its current training state. In practice, this means we can enter into a dialogue with the system on any of the three phases of a well-informed decision-making system. When evaluating decision-making alternatives, we can ask, for example: What mistakes do managing directors of large, medium-sized companies in mechanical engineering make when they decide to expand into new markets? And what were the success criteria for a successful expansion?
ChatGPT then does not provide us with a template with which we can weigh the options perfectly in our case. But it can help us uncover our own biases and challenge preconceived notions. Using ChatGPT cleverly can be like a de-biasing tool that has seemingly read Daniel Kahneman and Amos Tversky intensively. It thus offers food for thought to better reflect on how we can evaluate the options in a more well-informed way.
The system is already even more valuable today when it is employed to work out additional options that we can not think of or easily come up with. This way, it broadens our decision-making horizons, and we understand that there are many more and more far-reaching decision-making options than we realize.
How do we reduce our dependence on China and diversify a supply chain? A managing director and his team may never have dealt with this decision-making question before. ChatGPT, however, may be able to offer up many of the strategies documented on the internet by companies in a comparable situation and may come up with more original ideas than simply relocating production to Vietnam. This is because the system has access to a part of the publicly available treasure trove of options in the industry or company class.
Large language models can also help set goals and preferences, evaluate the decision-making circumstances, and select the decision-making framework. Again, dialogue is key. With the right questions, we become the interlocutor to better understand the context of a decision. For example, with ChatGPT, we can quickly see suggestions of what typical goals other companies might have had in mind in a comparable decision-making situation. For example, a prompt might look like this: “Hi ChatGPT, I am the head of a successful, mid-sized tooling manufacturer outside Columbus, Ohio. I am having difficulties attracting new talent, especially engineers. What may be the reasons for this? What strategies are similar manufacturing companies employing to cope with the talent shortage?”
The bottom line is: ChatGPT is becoming an increasingly intelligent conversation and sparring partner. It does not relieve us of defining the decision-making framework, working out a wide range of options, and evaluating them. However — and here, the self-assessment from the beginning of this article is correct — it does provide interesting perspectives. A large language model has several advantages compared to a human sparring partner: It does not pursue its own interests and does not want to please the top decision-maker, for example, to promote its own career. It is not subject to internal group thinking and bureaucratic politics and is also much cheaper than external management consultants or internal strategy departments . This also means that ChatGPT may make the preparation and assistance of decisions for smaller companies cheaper, leveling the playing field.
The future of case studies
Budding managers at business schools are already indirectly learning about decision-making through a large number of case studies. The aim is to acquire a repertoire of decision-making models by developing and evaluating possible options for action within a decision-making framework. Of course, case studies do not contain a solution in the form of a perfect answer to a specific decision-making situation. In case studies, questions are raised, decision-making frameworks are presented, and decision-making options are outlined. Not only can prospective managers learn from and with these case studies, but they can also be used to train large language models. However, this has not yet happened.
ChatGPT’s programmers could only feed their model a fraction of publicly available case studies. The real treasure trove of data is exclusive and stored at the major providers such as Harvard Business Publishing (HBR’s parent company), with over 50,000 case studies or the non-profit Case Center . If the custodians of these business case studies team up with the makers of large language models, a language assistant for programming, copywriting, and customer inquiries could turn into a powerful decision-making assistant for companies.
This will also get easier in the future because the learning algorithms are becoming more and more efficient, and thus “medium-sized language models” will also be possible, in which it is no longer necessary to feed half the Internet and entire libraries, but above all the texts and documents relevant to the specific field. It is only a matter of time before this happens. In any case, the economic incentive for more informed business decisions is excellent and will propel the transition from today’s ChatGPT to an even more powerful future we might dub “DecisionGPT.”
The great strength of ChatGPT and similar systems is to compare and contrast similar situations. This is precisely the most important need in many management decisions. Very few of the decisions managers face are unique. Thousands, sometimes even millions, of managers before them have had to make a similar choice. The better it is described in human language how they set the decision-making framework, weigh the options, and make their decision, the easier it is for DecisionGPT to become a powerful tool for more informed decision-making.
Eventually, many such management decisions could be automated. Robo-managers could be deployed sooner and more often than many executives in their corner offices may believe today.
In the meantime, though, the advantage will go to managers who use currently available tools to improve their decision-making process. Don’t ask models like ChatGPT for answers; probe them to each stage of the decision-making process.
- TR Thomas Ramge has authored more than fifteen books about technology, innovation, and decision-making and has won numerous publishing awards.
- VM Viktor Mayer-Schönberger is Professor of Internet Governance and Regulation at the University of Oxford.