Report on Business Law - Assignment

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Added on 2020-01-23

Report on Business Law - Assignment

Added on 2020-01-23

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BUSINESS LAW

Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1 ...........................................................................................................................................11.1Analyse and advice Ben on the legal rules relating to the sale of goods and supply of.........1services.......................................................................................................................................11.2Analyse and advice Ben on the statutory provisions on the transfer of property andpossession....................................................................................................................................21.3 Evaluate the statutory provisions on buyer’s and seller’s remedies in sale of goodscontracts......................................................................................................................................21.4 Product liability statutory provisions for faulty goods..........................................................3TASK 2 ...........................................................................................................................................42.1 Types of credit agreement that can be used as a consumer...................................................42.2 Legal rules related to the termination rights and default notices..........................................52.3 Features of agency and different types of agent....................................................................52.4 Rights and duties of an agents...............................................................................................6TASK 3............................................................................................................................................73.1 Outline and explain the monopolies and anti-competitive practice legislation in the UK....73.2 Role of competition and market authority............................................................................83.3 Define dominant positions within the EU common market giving examples......................83.4 Exemptions against anti competitive activities under EU law..............................................9TASK 4 ..........................................................................................................................................94.1 Identify and explain the different forms of intellectual property rights................................94.2 Principles of protection of invention through patenting and legal rules.............................104.3 Principles related to the copyright of work........................................................................104.4 Compare the protection of trademark and business names................................................11CONCLUSION.............................................................................................................................11REFERENCES .............................................................................................................................12

INTRODUCTION Is is legal body of the law which conduct right, relation, contract of and individual andlaw regarding the business for trading, selling, merchandising. Business law is also know ascommercial and corporate law. It handle the issue regarding the the business laws. It includes allthe rules and regulation which a business has to follow during the buying, selling, doing otherbusiness activities etc. every company has to follow this rules and regulation while doing thebusiness(Acharya, Baghai and Subramanian., 2013). In case they not follow the law then theparties can get the punishment and penalty from the law. There is two parties involved in anybusiness law case the person who files the case is called the plaintiff and against who is sued iscalled defendant. Both the parties need to have the valid evidence to proof them right. In this report I will discuss about the law case where the person(Ben) is buying the thecar from the car dealer and get the damage car in return and dealer is refused to take back the carbecause Ben has sign the contract with dealer before buying the car. so he filed the case againstthe car dealer to get compensation against the car damage. TASK 1 1.1Analyse and advice Ben on the legal rules relating to the sale of goods and supply of services.The advisor clear the rules and regulation of the sales of goods act to the Ben to have theclear understanding about the case. In sales of goods act there are provision which is taken in tothe consideration while buying and selling of the product(DiMatteo., 2010). This sales includeany private sales, business to business sales and business to customers sales and customer tocustomer sales. According to the sales of goods act 1979. Ben can filed the case against the cardealer because he receive the the damage car(Disch., 2016). According to the sales of goods act1979 the seller has responsibility to sell the good quality of the product to its customer and if thecustomer is not getting the promised services he/she can sue the seller for the default.Seller can protect himself by using clause 9 which he mention before selling the goods inwhich it is written over there the person who is buying the goods should check all the details andafter sign the contact the seller is not responsible for any default occurs. Implied terms: implied terms are those terms in which there is not written condition only theaction and behaviour of both the parties the contract can be made.

Following are the rules and regulation take place under the sales of goods act are as follow.According to section 12 the the seller has to sell the product according to tittle of theproduct and the quality promised by the seller otherwise the the contact can be breachand invalid. The seller should provide the warranty and guarantee to the buyer with the product.According to section 13 if seller gives the contract to sign and the buyer is signing thecontract without without reading and implementing then the seller is not responsible forany default. 1.2Analyse and advice Ben on the statutory provisions on the transfer of property and possessionAccording to the section 20 it is state that if the product is sell to buyer the ownershipalso transfer by the sell to buyer in that case the seller sell the car to Ben and now the ownershipof the product is with the Ben if he is not satisfied with the product he has a option to sell the carto someone else and transfer its authority(Bernstein, Korteweg and Laws., 2016). The statutory provision are stated as follow according to the sales of goods act 1979.According to the section 16 the product which sold by the seller sold be ascertainedgoods. The buyer can sue the seller in return of compensation if there is any default. Butthe case can be only valid if the goods are ascertainedAccording to section 17 both the parties should have the intention to buy and sell thegoods. They should have the legal contract between them that they are buying or sellingthe goods if both parties are not agree then the contract become void. According to section 19 seller should retain the good if buyer want to to return back thegoods to the seller. According to section 20 the buyer can also transfer the risk to the other person if hethinks that the product is not up to the mark. The seller is not liable after transferring therisk to the buyer. 1.3 Evaluate the statutory provisions on buyer’s and seller’s remedies in sale of goods contractsThere is law for both the buyer and seller in case of any fraud face by these parties theyhave a right to compensate the loose against each other. The remedied provision are made forboth parties to save their in interest and protect against any unlawful act. following are provisionfor both the parties.

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