Introduction: When that “wrong Amazon item” shows up and the contract turns real You’ve probably previously ordered an item online before, if that is the case then chances are you’ve used Amazon at some point for this service. Usually there are no issues with the delivery and your item arrives fine, however at times things may not work out perfectly, the item may turn up defective or be the entirely wrong item. For this article we will use the following example of a laptop, i

What Is a Contract? Contracts are currently everywhere and are an essential aspect of law in general. Put simply, a contract is a legally binding agreement between two or more parties. It is vital to understand the foundation and principles of contracts, as they are utilised for a wide range of purposes, including selling products, buying or selling services, selling a business, providing a guarantee, and many more. [ 1 ] All of this is controlled by contract law. For a contr

What Really is a Monopoly? You may have played the board game Monopoly, in which you buy properties, charge rent and make your friends bankrupt. However, in the real world of business and law, a   monopoly is something a lot more serious, it is when one firm or company dominates a market, and can potentially charge higher prices, reduce choice and influence society. In this article we'll use the board-game metaphor to make sense of the concept, explore why monopolies can be d