Contract Law (Canadian) Commercial Law

The history of contract law is not a new but it was not until the nineteenth century did it become a key aspect of commercial law. It was not until the establishment of England as a trading nation in the seventeenth century the feudal systems was used. This traditional system was instantaneous and occurred as soon as the deal was made. After the seventeenth century there was a growing need to settle trade disputes. The merchant law only covered thoughs who members of the guilds so the courts conducted trails based on the laws the guilds used. This formed the basis that gradually evolved over time by adding more case law and statues that govern the rules of commerce today.
The examination of the basic contract laws and principles which a person starting a new business will encounter will be analyzed by including the elements of a valid contract, breach of contracts and possible remedies. Finally this essay will cover consumer protection legislation and possible remedies and employment law issues.
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