Report on Business Law and Legal Regulations

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Added on 2019-12-28

Report on Business Law and Legal Regulations

Added on 2019-12-28

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ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Setting up of own business..........................................................................................................1TASK 2............................................................................................................................................3Legal effects of effects of transactions........................................................................................3TASK 3............................................................................................................................................5Legal implications of the proposed contract................................................................................5TASK 4............................................................................................................................................6Suggestion in regard to claim or any defence..............................................................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................8

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INTRODUCTIONIn this modern times, law is an effective part of the society as well as businessenvironment, which emphasises on to protection and safeguarding of societal people, againstharm. In this light, law can be defined as a system of law, which renders a framework with aview to regulate and create relationship and effect business activities as well (Bagley, 2010) .Inthis context, Business law can be termed as a significant part of law, as a system as whole. Inaddition, top this, requirements of setting a business organization will also be discussed.Moreover, different cases with legal solutions will also be given effect.TASK 1Setting up of own businessIn order to set up a new business organization, various provisions and compliances arerequired to be fulfilled in perspective to attain business objectives and goals being desirous for.In this light, I would like to choose a business in Retail sector in Stratford. So, considering this, Iwant to commence my business operations as a private limited company. In retail sector. In mycompanies work operations will be distributed among various departments such as HR,marketing, finance etc. Also, there are different channels which will be established withdiversified range of suppliers, to receive quality goods and services (Cavaliere, Mulvaney andSwerdlow, 2010). 1

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