Report on Business Law EU
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Added on 2020-06-03
Report on Business Law EU
Added on 2020-06-03
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BUSINESS LAW
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Legal rules on implied terms related to sales of goods and supply of services................11.2 Statutory provision on the transfer of property and possession.......................................21.3 Statutory provision on buyer's and seller's remedies........................................................21.4 Product liability statutory provisions................................................................................3TASK 2............................................................................................................................................42.1 Difference between types of credit agreements................................................................42.2 Rules, termination rights and default notice.....................................................................52.3 Difference between different types of agents...................................................................62.4 Rights and duties of agent................................................................................................6TASK 3............................................................................................................................................73.1 Outline monopolies and anti – competitive practice legislation......................................73.2 Role of competition commission in relation to monopolies and anti-competitive practices83.3 Dominant position within the EU common market..........................................................83.4 Application of EU exemptions.........................................................................................9TASK 4..........................................................................................................................................104.1 Forms of intellectual property........................................................................................104.2 Principles relating to protection of invention through patent rights...............................104.3 Principles relating to copyright protection and their infringement................................114.4 Comparing and contrasting the protection of trademarks and business names..............12CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................14
INTRODUCTIONBusiness law is a combination of laws or legislation and helps manager to run business.Each and every kind of company has to follow rules and regulations which is connected to theirorganisation (Business law, 2017). It may consists all rules which can start from initial phase andends with liquidation. In this assignment there is a description of various cases. Fundamentalpurpose of this report is to determine principle which can affect legal relationship amongstbusiness organisations and their clients (Bagley and Dauchy, 2011). If people are going to makea contract then there must be some consideration amongst them. If there is monopoly in marketthen firm can develop polices as per their own. Along with this, it is essential to knowintellectual rights for people so that they can use it in an adequate manner.TASK 11.1 Legal rules on implied terms related to sales of goods and supply of servicesSales of goods act, 1979: When an individual get into an agreement into underconsideration for sale then it is essential to accomplish Sales of goods act. It may include offer,consideration and acceptance along with many other. As per section 2 which is associated with sales of goods act, person who is selling hisproperty has to agree that he will transfer ownership of it for some consideration i.e. price. Some of the essential prerequisites for this act are mentioned as beneath:Consideration of money: It is essential that while seller is selling his goods to buyer thenhe has to pay some price for that (Cameron, 2017).Sale and contract to sell: If possession of property is immediately conveyed to thepurchaser then it is considered as sale. Whereas, if it will be going to happen in the futurethen it is known as sell agreement.Goods: Existence of items are mandatory and along with this it has to be transfer from aperson to another.Terms which are implied in nature can be used for both the parties and thus, they cansolve their conflicts.As indicated by section 12 of sales of goods act, it is related with the title of goods.According to this, items have to be as per their title and along with this, it may consist ofprivate sale circumstances as well as purchasing can be done on online basis also.1
As per section 13 of sales of goods act, it is connected with the description of items. Withreference of case while Steve is selling a car, he has to describe each and every thingabout it but he don't do this. Same with the buyer whose name is Paul; he noticed somepatches in the car and for this, Steve gave him some discount. But after some months, henoticed that there are also some other problems in it, but it is the mistake of both of themequally (Clarkson, Miller and Cross, 2014).1.2 Statutory provision on the transfer of property and possessionFundamental purpose of agreement which is associated with the sales of goods act is thatan individual who is selling items get some consideration i.e. price and along with this, buyeracquires possession of property which is provided by the vendor. If items pass and conflicts arisethen it is not much easy to determine that parties has become bankrupt and merchandise has beendamaged. There are various rules which can be identified when items are passed is prohibited inSales and goods act. Regulations basically depend on the property and along with this, it has tobe a specific item (Law and business, 2017). If stocks are determined then possession of property can be easily conveyed. It is statedunder the section 16 of sales of goods act.Purpose is essential while selling or buying any item to people, then it does not matterthat it is specific in nature. It is presented in section 17 which is related with sales of goodact, 1979.Section 19 of SGA, 1979 gives privilege to vendor that he can discard goods title whichhe is going to cater to the buyer (Czinkota, Ronkainen and Moffett, 2011).While seller is selling product then risk is also passed to him which is associated with it.It is stated in section 20 which is connected to sales of goods act, 1979.Hence, it has been concluded that Henry has to comply all the provisions while he isselling computers. Along with this, there is entire mistake is related to him only and along withthis purchasers alos and their names are Arthur, Ben and Carl can sue him.1.3 Statutory provision on buyer's and seller's remediesThere are various remedies which are associated with legal condition on the purchaser aswell as vendor. These are mentioned as below:2
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