Business Law Essay Example | Topics and Well Written Essays - 500 words - 12

Business Law - Essay Example one person to another, for example, fraud, assault, and theft.  On the other hand, negligent torts entail harm committed when one fails to exercise a given level of caution (care) – a reasonable standard of care. The final category is the strict liability torts which apply quite differently from the torts of intentional and negligence. As seen in the negligence and the intentional torts, the two concerns the defendant’s culpability whereas strict liability concentrates on the act itself, regardless of the exercised level of care or the intentions. To exercise the law of tort, various sources might be consulted to maintain justice amongst the parties involved in a criminal case. Some of these sources include the concepts of Case laws and/or statutes. Statutes are established by the agent of the government, while Case laws consult the precedence of formerly ruled cases which seem to have similar line of argument and premise. Case law holds that the laws can be orally stated or put in writing. Written and properly undersigned documents provided irrefutable evidence in court. However, case law as well considers orally declared agreements, even though not put in writing; this is handled by interpreting laws or establishing new precedence in favour o f the plaintiff. Different colonies have different Common laws; for example, Case laws applying in the U.K. are quite different from the ones applying in the U.S. Jamie Clark and Joe Adam entered into a contract for services, in a very informal way. The two meets over dinner and draft the contract’s basics at the back of the menu without adding an â€Å"integration clause† which would have acted as the final draft and that only the written terms in that agreement would apply in case of dispute. Despite the fact that the two didn’t involve â€Å"integration clause,† Case law would apply, by considering the credibility of the drafted basics on the back of the menu. The elements of the basics would have to be elaborated