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TASK 13 1.1 Laws and regulations in business law

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Added on  2020-01-07

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Business Law INTRODUCTION 3 TASK 13 1.1 Legal rules and implied terms to sale of goods and supply of services 3 1.2 Statutory provisions on transfer of property and possession 4 1.3 Statutory provisions on buyer's and seller's remedies 5 1.4 Product liability statutory provisions5 TASK 26 2.1 Various types of credit agreements 6 2.2 Rules, termination rights and default notices 7 2.3 Different types of agent 8 2.4 Rights and duties of an agent 9 TASK 39 3.1 Monopolies and anti-competitive practice legislation

TASK 13 1.1 Laws and regulations in business law

   Added on 2020-01-07

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Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Legal rules and implied terms to sale of goods and supply of services.................................31.2 Statutory provisions on transfer of property and possession.................................................41.3 Statutory provisions on buyer's and seller's remedies............................................................51.4 Product liability statutory provisions.....................................................................................5TASK 2............................................................................................................................................62.1 Various types of credit agreements........................................................................................62.2 Rules, termination rights and default notices.........................................................................72.3 Different types of agent.........................................................................................................82.4 Rights and duties of an agent.................................................................................................9TASK 3............................................................................................................................................93.1 Monopolies and anti-competitive practice legislation in UK................................................93.2 Competition Commission within monopolies and anti-competitive practices and UK officeof fair trading.............................................................................................................................103.3 Dominant positions within EU common market.................................................................103.4 Application of EU exemptions to potentially anti-competitive practices............................11TASK 4..........................................................................................................................................114.1 Different forms of intellectual property...............................................................................114.2 Protection of inventions through patent rights and their infringement................................124.3 Compare and contrast the protection of trademarks and business names............................12CONCLUSION..............................................................................................................................12REFERENCE.................................................................................................................................132
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INTRODUCTIONBusiness law is governed for following rules and obligations to operating activities. It iscomposition of several regulations and guidelines to take favor in case of breach any contract.The present assignment is based on understanding various clauses and terms related to businessoperations and contract basis. However, several terms and conditions are to be described throughthis report to present implied and express terms. In addition to this, case study of Ben's motor carand varieties of legal rules including statutory provisions for transfer of goods and possession onproducts are to be expressed. In this regard, different credit agreements and characteristics ofagency as well several types of agents can be understood. Moreover, monopolies and anti-competitive practice legislation in the UK. Along with this, different forms of intellectualproperty rights and principles regrading copyright protection as well legal rights for trademarkand business names is to explained. Hence, students are able to understand several kinds of legalrules and provisions for business operations and its effectiveness efficiently.TASK 11.1 Legal rules and implied terms to sale of goods and supply of servicesUK provision related to implied terms presents consideration of contract for transactionof goods and concentrating on fairness of agreement. However, there are some rules andregulations are governed by government of country that provides obligations for operatingbusiness activities. Therefore, legacy for considering contract is determined through this processfor gaining knowledge regarding liabilities of contractor and contractee (Akintoye, Renukappaand Lal, 2012). In accordance to this, several rules and regulations are presented throughdifferent terms of contract such as; implied and express. In this regard, implied terms areobtained as contract has been done between two or more parties. Similarly, liabilities ondamaging goods are also recognized under this system. In addition to this, implied terms presentthat contract has done and in case of fraud, default party has to pay fine for damaging of goods. Apart from this, there is liability of default party is presented for paying immunity andother fine according to decided terms and conditions. In this regard, rules and obligationsgoverned by implied terms are followed that is helpful for taking favor of innocent party in case3
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of breaching the contract. Therefore, supplying of goods and services of any organization isregulated by following instructions and regulations of legal rules.As per the given case scenario, the case study of Ben is presented. Under which, Benpurchases a second hand car without testing and taking trial of it (Bekkers, Duysters andVerspagen, 2002). After some months, car's engine got damaged and also it does not workeffectively on hills. The agreement was made on the basis of express terms in which there wasno responsibility of contractor after selling the car. In this process, Ben tries to looking for legalrules to be applied for taking advantage of laws' provisions. According to this case study, it ispresented that there are less chances for compensate by contractor.1.2 Statutory provisions on transfer of property and possessionStatutory provisions for possession on goods and transfer of property are governed bycountry's constitution. In this way, various rules and obligations are presented for fulfillingpromise and breaching any contract. However, legacy for making contract and following termsand conditions to be fulfilled in case of breaking up the promise. In addition to this, statutoryprovisions are obliged for possession on goods as well creating contract.By following terms of pledge and guarantee, possession and property transaction isobliged through governed policies according to implied and express conditions (Bowyer, 2000).In accordance to this, statutory and legal policy in case of Ben's car case is obtained as expressterms under which there is no liability of contractor in case of damaged goods and any default inproducts' quality. Moreover, in case of bad quality of engine, Ben himself is liable for thepurchased car. Thus, different acts and provisions are come under statutory provisions can bedescribed as follows:-Sale and agreement to sale goods:- In this case, agreement on selling property is createdthat affects on transaction and possession of goods. These provision states thattransaction of product may be conditional or condition free (Campbell and Boothby,2016). In accordance to this, selling goods provision related to statutory laws are basesfor making agreement and determining solutions in case of breaking the promise.Seller or buyer possession after selling goods:- There are some provisions obtained forpossession on goods for transacting goods. However, some liabilities are followed forseller and buyer related to selling and purchasing products. Thus, after selling products,4
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