Business Law and the Legal Environment - Report

BUSINESS LAW

Table of Contents
INTRODUCTION...........................................................................................................................4
TASK 1............................................................................................................................................4
1.1 Analyse and advice Ben on the legal rules of implied terms relating to the sale of goods
and supply of
services........................................................................................................................................4
1.2 Analyse and advice Ben on the statutory provisions on the transfer of property and
possession....................................................................................................................................5
1.3 Evaluate the statutory provisions on buyer’s and seller’s remedies in sale of goods
contracts.......................................................................................................................................5
1.4 Analyse and advice on product liability legal rules and statutory provisions for faulty
goods............................................................................................................................................6
TASK 2............................................................................................................................................6
2.1 Differentiate between types of credit agreements which Ben as a consumer........................6
2.2 Analyse the legal rules on termination rights and default notices for Ben............................7
2.3 Analyse the general features of Agency and differentiate between the different types of
agents...........................................................................................................................................7
2.4 Evaluate the rights and duties of an agent to assist Ben........................................................8
TASK 3............................................................................................................................................8
3.1 Outline and explain the monopolies and anti-competitive practice legislation in the UK....8
3.2 Explain the role of the Competition Commission within the context of monopolies and
anti-competitive
Practices and the UK Office of Fair Trading..............................................................................9
3.3 Define dominant positions within the EU common market...................................................9
3.4 Consider instances when under EU law, exemptions will be made to potentially anti-
competitive
practices....................................................................................................................................10
TASK 4..........................................................................................................................................10
4.1 Identify and explain the different forms of intellectual property rights...............................10
4.2 Outline the principles relating to the protection of inventions through patent rights and
legal rules
preventing their infringement...................................................................................................10
4.3 Describe the principles relating to copyright protection and the legal rules preventing their
Infringement...............................................................................................................................11
4.4 Compare and contrast protection of trademark and business names...................................11

CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Law plays a significant role in the business as increasing complexities will be managed
by an entity by applying various rules and the regulations. His project report is all about
explaining the condition of Ben who have purchased car which involves default using sales of
goods act's principles. This report also stresses on implied terms of the act along rights and duties
of seller and buyer. This report also stresses on credit agreements and agency rules and
regulations adopted by an individual. Anti-competitive practice are also explained throughout the
report in order to provide basic advantage to an entity in achieving all the desired aims and the
objectives within a particular time period. Use of intellectual property tights are used by an entity
in order to protect their business from the external business users who can use the asset of the
business without the permission of the firm which will affect their overall performance.
TASK 1
1.1 Analyse and advice Ben on the legal rules of implied terms relating to the sale of goods and
supply of
services
Case background
` Ben intends to purchase a car and he saw advertisement in the magazine bout the Blue
New model Passat and then he approached the seller to purchase the car. He shows its
seriousness by paying security deposit of 150 GBP and then immediately purchased the car
which was run for total 18500 miles (Beatty and Samuelson, 2015). He purchased the car and
later found certain facts and figures about the car when he went on a trip with its family and fund
that engine of the car got stuck when he climbs on a hill. The further facts discovered about the
case that car has two owners and the engine of the car is stuck after running 18500 miles which
is mentioned in the servicing booklet.
This particular case is of exclusion clause as cause 9 mention in the agreement of sales of
goods contract among seller and the buyer is that the seller held not responsible for providing
any kind of description about the particular goods to the buyer at the time of sale.
According to the section 13 of implied terms specifically about the description of
particular products stats that any description given by the seller termed as valid until or unless it