Discuss the Elements of Corporate and Business Law.

The law requires that those who are deemed to owe others a duty of care act responsibility and take necessary precautions to avoid injury and loss to other. The remedy primarily provided by the law is a damages payment to put the injured party back in the position they were before the tort had taken place. This can prove very expensive for businesses. Fundamentally to those in business, knowledge of the law and of responsibilities enable positive steps be made to minimize the risk of negligence claims.. Critically discuss the following research questions and aspects:. 1- Three factors should be met to be successful in a claim of negligence. Discuss this statement in the light of Donoghue v Stevenson, (1932, HL) & Stennett v Hancock & Marc Rich & Co.AG v Bishop Rock Marine (1995) cases. . 2- Pure economic loss rarely gives rise to a duty of care. Discuss this issue with reference to Caparo Industries Plc v Dickman and Others (1990) & Junior Books v Veitchi (1982, HL) cases. . 3- In the event of a claim of negligence being made against a business, the business may wish to mount a defence. What are the available ways of protecting the business against the claim of negligence? And, do you think the defence of consent is/is not available simply? Why? Discuss this issue in the light of Smith v Baker & Sons (1891) case.. Your essay should be written in an academic style that is enriched with relevant case, and documented with citations, and a bibliography. . Resources (Must Be Used) Kelly, D & Hammer, R & Hendy, J (2017), Business law, third edition, Routledge. Rouch Lee (2017), Business law, Fourth edition, Oxford university press. Marson & Ferris (2016), Concentrate business law, third edition, Oxford University press. Jones, L (2017), Introduction to Business Law, Fourdfpth edition, Oxford University press