Business law

BUSINESS LAW
TASK 3
Task 1

Table of Content
 Introduction
 Monopolies and anti-competitive practice legislation in United
Kingdom
 Role of Competition commission with in the context of monopolies
and anti-competitive practices
 Define Dominant Positions Within Eu Common
 Application of EU exemption
 Conclusion
 References

Introduction
Business laws are universal method of performing activities
related to trade and commerce. Laws provides a guideline to
the companies for performing business in the market. It is a
subsidiary part of civil laws. Every organisation in the
business sector has to comply with these laws. Generally, it is
comprise of Laws related to Contract, Employment, Sale of
Goods, Consumer, Companies law etc.

Monopolies and anti-competitive practice
legislation in United Kingdom
In order to restrain anti-competition in United Kingdom, there are
several types statues and laws which is liable for doing so.
Competition Act 1998, is one of it and regulates the malpractice
done by several companies in monopolistic market.

Role of Competition commission with in the
context of monopolies and anti-competitive
practices
The competition commission is obliged with various liabilities
and duties which is compulsory to be followed, such as fair
trading office, their main purpose is to prevent and check
unfair and anti-competitive practice at marketplace.
Provisions related to consumer credits are included in it.

Define Dominant Positions Within Eu Common
According to the article 82 they have been provided power to
examine a malpractice conducted by an enterprise in the
market place or any subsidiary branch of that organisation
and make them incompatible to perform trade

Application of EU exemption
As per the article 81 and 82 of the Treaty of Rome, any
agreement which restrain the competition in the European
Union shall be considered as null and void. Exemptions are
provided in certain agreements and block emptions.

Conclusion
It is cleared from the above analysis consumer laws are
enforced to protect the rights of the buyer. It is the liability of a
seller to sale such goods which is of satisfactory nature
otherwise they shall be liable for guilty of breach of contract.
A buyer has all right to refuse such delivery when goods are
not according to the purchase quality. Similarly, a seller has
also been given remedies when the buyer does such acts
which results in breach of his duty.

References
Bagley, C.E., 2010. What's Law Got to Do With It?: Integrating Law
and Strategy. American Business Law Journal. 47(4). pp.587-639.
Bodie, Z., Kane, A. and Marcus, A.J., 2014. Investments, 10e.
McGraw-Hill Education.
Crane, A and Matten, D., 2016. Business ethics: Managing corporate
citizenship and sustainability in the age of globalization. Oxford
University Press.

THANK YOU