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Introduction to business law Assignment : Ben

   

Added on  2020-01-07

18 Pages6756 Words409 Views
BUSINESS LAW

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Implied terms related to sale of goods and supply of services..............................................31.2 Statutory provisions on transfer of property and possession................................................31.3 Statutory provisions on buyer's and seller's remedies in sale of goods contracts.................41.4 Product liability legal rules and statutory provisions for Ben's case.....................................4TASK 2............................................................................................................................................52.1 Different types of credit agreements.....................................................................................52.2 Legal rules on termination rights and default notices for Ben..............................................62.3 Features of agents and its different types.............................................................................72.4 Rights and duties of agents...................................................................................................7TASK 3............................................................................................................................................83.1 Monopoly and anti-competitive practice legislation.............................................................83.2 Role of competition commission within fair trading............................................................83.3 Dominant positions within EU common market...................................................................93.4 Instances of EU law exemptions to be made for anti-competitive practices......................10TASK 4..........................................................................................................................................104.1 Different forms of intellectual property rights....................................................................104.2 Principles relating to protection of innovations through patent rights and legal rulespreventing infringement............................................................................................................114.3 Principles related to copyright protection and legal rules for preventing infringement.....124.4 Comparison and contrasting protection of trademarks and business names.......................13CONCLUSION..............................................................................................................................13REFERENCE.................................................................................................................................15

INTRODUCTIONBusiness law is composition of different rules and regulations for carrying onorganization effectively. It is related to legacy and legislation to be followed in respect ofcustomers' protection and taking care of contract establishes between two or more parties. Thepresent report is based on understanding case study of Ben related to contract for transaction ofcar. In this regard, implied terms and statutory provisions for transfer of property is to bedescribed. In addition to this, different credit agreements and agencies are to be expressed thataffects on legacy for sale of goods and possession on property can be introduced. However,monopoly and anti-competitive practices are to be explained through this assignment foradvertising goods in fair market. Along with this, different forms of intellectual propertyincluding copyright, patent and their protections for goods identity is to presented. Thus, learnersare able to understand significance of business laws and its different tools through this report.TASK 11.1 Implied terms related to sale of goods and supply of servicesImplied term of any contract is considered that there is no liability of seller after sellingthe goods. In accordance to this, buyer needs to check out products before paying amounttherefore no risk would be obtained for default services. After transacting goods and supplyingservices, in case of default, there is no liability of seller to pay fine because of implied terms andconditions. In addition to this, it is reasonable and equitable that is helpful for contracting andpresenting liability in case of damaging goods after sold out (Akintoye, Renukappa and Lal,2012). Thus, implied terms are not stated but never form any provision of contract. However,implied terms of any contract do not consider as agreement is created between two or moreparties. It is related to presenting actual form of contract for indicating liabilities. Hence, impliedterms are related to presenting contract between parties for sale of goods and supply of servicesin context of contractual term.In case Ben's Car case study, according to implied terms of contract, it is considered thatafter contracting between both parties, there is no liability of dealer to refund. However, seller ofthe car is not in fault for paying refund. Under 12 to 15, different obligations are presentedrelated to contracting in business operations. Thus, according to case study, it is determined thatquality of product is not same as observed in test driving. Therefore, Ben cannot claim to dealerfor faulty product. Implied terms present that dealer has no liability to refund and paying fine on

faulty products. Hence, after contract between both parties and exchanging of goods and itsownership, on damaged product, company is not liable to pay fine.1.2 Statutory provisions on transfer of property and possessionStatutory is an approach for legal provisions to be concentrated for transferring propertyand presenting possession to exchanging products. In this process, statutory is considered asprovisions and legal rules to be followed on for considering on exchange of goods and presentingpossession. Legal regulatory and various provisions are applied for exchanging products andservices (Bekkers, Duysters and Verspagen, 2012). Statutory provisions on transfer of property and ownership in context of implied termscan describe as:-After exchanging goods and contract between both parties, seller has no liability torefund.In respect of implied terms, after creating agreement, possession of goods is consideredas in buyer's hand. Product's legal rights also get transferred in terms of implied regarding contract.Thus, as per statutory laws and provisions, there is no liability of dealer pay refund and repairdamage occurred in products. It is presented in Transfer Property Act 1882 for statutoryobligations regarding possession on goods.1.3 Statutory provisions on buyer's and seller's remedies in sale of goods contractsThere are some rules and obligations made for contract and related terms of it. However,it is useful for buyers and sellers protection regarding transaction of goods and supplyingservices. In this regard, different statutory provisions are made for sales of goods. Including this,a contract is made up of implied and expressed terms under which different kinds of laws areamended. Moreover, it is related to selling products and following on laws presented underlegacy of the country. In accordance to this, there are such rules presented for innocent party incase of breach the contract by which default party has to pay fine for damages (Bowyer, 2013).Including this, some statutory provisions are obtained that presents liability of buyer and sellerfor contracting between both parties. Different kinds of provisions are amended in the ContractAct for proper contracts and taking favor of innocent party regarding business operations. Inaddition to this, it is helpful for solving out issues in case of breach the contract. Therefore,

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