Business Law: Monopolies and Anti-Competitive Legislation in UK

BUSINESS LAW
TASK 3

INTRODUCTION
 Business law is the subdivision of civil law. It is implicated for
protecting the rights , conduct of people, and their relations of
people who are involved in trade activities and the activities of
commerce, sales and merchandising. It consists of rules and
regulation which the parties have to follow and abide by these
policies.
 In accordance with the sale of goods act it is the duty of seller to
provide high quality goods and the goods that are provided and
delivered to the customer are according to the description of the
product. The product must be same both at the time of
description and at the time of delivery.

3.1 Monopolies and anti competitive
legislation in UK.
 United kingdom Competition law prohibited any
Monopolistic activity in the market and has all the rights to
investigate any case of its concern. Broadly, United
Kingdom Competition law gets affected by British as well
as European union elements.
 There are two most important statutes with purely national
dimension in united kingdom regarding competition laws
which are Competition act 1999 and Enterprise act 2003. in
UK the term monopoly is defined as: If a Company have
more than 25% of market share then it will be considered as
monopoly.