Question? Call Us  +1 (817) 546-4770

LW120 Principles Of Business Law

Academic Anxiety?

Get an original paper within hours and nail the task

156 experts online

Free Samples

LW120 Principles Of Business Law

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

LW120 Principles Of Business Law

0 Download2 Pages / 335 Words

Course Code: LW120
University: Sheridan College is not sponsored or endorsed by this college or university

Country: Canada


Facts  (A purely fictional story)
Iconical Investments Pty. Ltd created an investment programme to help seniors invest their superannuation to create a better income after retirement. The programme, though widely publicized, was new to the market and had never been used before.
DownUnder Mutual Ltd, a well-known financial company, entered into an agreement with Iconical Investments that they will guarantee the investment programme, for a return of 20% of all the profit made from the programme. Iconical Investments agreed to this arrangement.
Many seniors invested their superannuation in the new programme because DownUnder Mutual had guaranteed the programme. However the programme did not live up to expectations and a number of investors lost significant amounts of their superannuation money that they had invested in the programme.
Iconical Investment has now gone into liquidation. The seniors who invested in the programme want to sue DownUnder Mutual for their losses.
Explain, using the 4 step process, if they will succeed in their legal action.
Remember to ensure that the entire answer is in your own words, except where you directly quote legislation and sections of legislation.
Read carefully the scenario. Applying Law of Negligence, answer the question.
Your answer should be in the following 4 Step process:
Step 1: Identify the issues and introduce the relevant area of law to the case study
Step 2: Explain the legal rule(s) and principle(s) of law with reference to relevant precedent case authority(s) appropriate to the case study. (Remember when referring to legislation, quote the legislation and relevant section/s directly as they are. The quoting of legislation and sections will not be included in the word count, neither is it plagiarism to quote a legislation directly in verbatim.
Step 3: Application of the legal rule(s), principle(s) and precedent case authority(s) to analyse the issues in the case study.
Step 4: From the application reach a logical conclusion. Be sure to explain your reasoning for your answer.


Considering the main facts of the case, the main issue is whether Down Under mutual Ltd has contradicted the provision of Contract law or not.
The subject matter of the case has been based on the Contract law and the elements of negligence law. According to the principle of Contract Act, when a party has offered anything and the other party has validly accepted that offer, it will fall under the provision of the Contract law and a valid contract will be made through this. It has been observed in Harvey v Facey [1893] UKPC 1, the intention of the offeror must bound him within legal obligation and it has been specifically mentioned in Entorres v Miles Far East [1955] 2 QB 327 that a direct communication between both the parties is required in case of acceptance (Locker & Kienzler, 2010).
According to the Principle of Duty of Care, if any party has failed to comply with any of the considerations, he will be liable to breach the provision of duty of care. In this case, the liable party is liable to compensate the affected parties and to some extent, the amount of causation is depending on the remoteness of the damage. The main principle of this is based on the Haedley v Baxendale (1854).
According to the case, Down Under Mutual Ltd has agreed to guarantee the investment plan of Ironical Investment and most of the investors have invested their money due to this. Therefore, it can be stated that both the companies have reveal their consent regarding the plan and the action of the Down Under Mutual Ltd has attracted the provision of the negligence law.
Therefore it can be stated that the liable company will compensate all the affected parties who have lost their money according to the provision of the negligence law.
Entorres v Miles Far East [1955] 2 QB 327
Haedley v Baxendale (1854) EWHC J70
Harvey v Facey [1893] UKPC 1
Locker, K. O., & Kienzler, D. S. (2010). Business and administrative communication. Journal of Law, 10 (2), 90-112

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.


Yes, alert me for offers and important updates


Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 2 pages


*The content must not be available online or in our existing Database to qualify as

Cite This Work
To export a reference to this article please select a referencing stye below:


My Assignment Help. (2021). Principles Of Business Law. Retrieved from

“Principles Of Business Law.” My Assignment Help, 2021,

My Assignment Help (2021) Principles Of Business Law [Online]. Available from:[Accessed 19 December 2021].

My Assignment Help. ‘Principles Of Business Law’ (My Assignment Help, 2021) accessed 19 December 2021.

My Assignment Help. Principles Of Business Law [Internet]. My Assignment Help. 2021 [cited 19 December 2021]. Available from:

.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}


Thank you for your interest
The respective sample has been mail to your register email id


$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1

Account created successfully!
We have sent login details on your registered email.



If you are finding it difficult to solve the codes, do not hesitate to avail programming help from the qualified experts. You will get assistance in Python, C, Java and many other programming languages assignment help at With Java help, OOPS (Object Oriented Programming) concepts will become clear. Moreover, we provide proofreading to remove bugs from the codes and also ensure the accuracy of the programs. If you need lab reports, we cater to every detail and write out the entire programs, along with outputs.

Latest Business Law Samples

div#loaddata .card img {max-width: 100%;

BU1112 Business Law
Download :
0 | Pages :

Course Code: BU1112
University: James Cook University is not sponsored or endorsed by this college or university

Country: Australia

Part A
Whether Stella is considered as an employee of PRX?
The main difference between employee and independent contractor is stated below:
Employee entered into contract of service, but contractor entered into contract for services.
Employer exercise control over the employee but no control was exercised by employer on contractor. It is considered as traditional test which was developed in Zuijs v Wirth Bros(Zuijs…
Australia South Lake Management health finance management  University of New South Wales 

BSBWHS605 Develop Implement And Maintain WHS Management Systems
Download :
0 | Pages :

Course Code: BSBWHS605
University: Swinburne University Of Technology is not sponsored or endorsed by this college or university

Country: Australia

Work Health and Safety Management System (WHSMS) is a collection of plans, tools, activities and processes. List 3 of these plans, tools, activities or processes and explain what they are,
The means, nitty gritty beneath, can be utilized whether the arranging procedure is straightforward or complex. They are:
Evaluating the current word related to wellbeing and security status including the ‘administration framework’ Lussier, R. N…
Australia Brisbane Management Work Health and Safety Management System (WHSMS University of Brisbane MBA 

BUSN331 Business Law
Download :
0 | Pages :

Course Code: BUSN331
University: Centennial College is not sponsored or endorsed by this college or university

Country: Canada

In Alberta, the Residential Tenancies Act applies to all the people in this jurisdiction, who rent their space out (Alberta Queen’s Printer, 2016). Through this act, the rights and responsibilities of the landlords and tenants are brought forward (Landlord and Tenant, 2015).
Question 1
Before a tenant can move in the rented accommodation, the tenant and the landlord have to reach an agreement, with regards to the…
Australia Edmonton Humanities Management University of New South Wales Masters in Business Administration 

LA1040 Contract Law
Download :
0 | Pages :

Course Code: LA1040
University: University Of London is not sponsored or endorsed by this college or university

Country: United Kingdom

A contract is an agreement between the parties which is enforceable legally in the courts. There are several provisions of law which governs how the terms related to the contract would operate. A contract consists of a set of provisions which are known as contractual terms. The weightage of such terms are not equal as one term may have a more significant consequence as compared to the other in relation to their brea…
United Kingdom London Economics Management University of London 

TLAW202 Corporations Law
Download :
0 | Pages :

Course Code: TLAW202
University: Top Education Institute is not sponsored or endorsed by this college or university

Country: Australia

If any person wants to carry out his business in the form of a company, then, it is necessary that the registration or incorporation requirements of such country must be met. In Australia, the Corporation Act 2001 and the guidelines laid down by ASIC provides with the steps that must be accomplish in order to establish a corporate entity.  (Malbon & Bishop, 2006).
A company is of great significance as it is treated as a …


Need an essay written specifically to meet your requirements?

Choose skilled experts on your subject and get an original paper within your deadline

156 experts online

Your time is important. Let us write you an essay from scratch

Tips and Tricks from our Blog

PROJ6016 Employer Based Project

Free Samples PROJ6016 Employer Based Project .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} PROJ6016 Employer

Read More »

PPMP20009 Marking Rubric

Free Samples PPMP20009 Marking Rubric .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} PPMP20009 Marking Rubric

Read More »