Business law assignment solution

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Added on 2019-12-28

Business law assignment solution

Added on 2019-12-28

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BUSINESS LAW

TABLE OF CONTENTSINTRODUCTION ..........................................................................................................................3TASK 1............................................................................................................................................31.1................................................................................................................................................31.2................................................................................................................................................41.3................................................................................................................................................61.4................................................................................................................................................6TASK22.1................................................................................................................................................72.2................................................................................................................................................82.3................................................................................................................................................92.4..............................................................................................................................................10TASK 3..........................................................................................................................................113.1..............................................................................................................................................113.2..............................................................................................................................................113.3..............................................................................................................................................123.4..............................................................................................................................................13TASK 4 .........................................................................................................................................134.1 Identify different forms of intellectual property with examples..........................................134.2 Principles which are related to protect of inventions through patent rights and theirinfringement to advise Toy and James......................................................................................144.3 Principle related to copyright protection and their infringement as part of the advice toTony and James.........................................................................................................................164.4 Compare and contrast the protection of trademarks and business names............................17CONCLUSIONS ...........................................................................................................................18REFERENCES .............................................................................................................................192

INTRODUCTION Business law is defined as rules and regulations that are mandatory for all theorganization to follow while executing the functional activities of the firm. Government of nationforms policies and rules that are mandatory to be followed for the companies that are working indiverse industries (Dinnie, 2015). Present report describes about significance of business law andits importance for performing different business functions have been mentioned. In addition tothat legal rules related to implied terms and sales of goods and supply of services have beenexplained. Moreover, statutory provisions have applied on the transfer of property andpossessions. Furthermore, evaluation of statutory provision on buyers and sellers remedies havebeen explained. Along with this rules, regulations, termination of rights and default notices ingiven scenario has been mentioned. TASK 11.1Sales of goods act and Supply of service are two legal rules that are used in business. It isvital that guidelines mentioned under the act should be strictly followed so that agreements thatare signed by business organizations should be duly fulfilled. Legal rules are applied on impliedterms and there are some specific legislation that are formed by the government regarding sale ofgoods and supply of services (Vagts, Koh and Buxbaum, 2015). These legislation aids insecuring protection of rights of buyers. Sale of goods act was formed in the year 1979 andServices act was formed in the year 1982. Along with this there are implied terms that are needed to be considered while makingcontract in business. Some specific terms are related under the Sales of good act 1979 and theseterms are known as implied terms. Parties that gets involve in making contract with each otherdetermine about the implied terms. Conditions and warranties are two major elements that areincluded in implied terms. There are some implied terms that are used in Sale of goods and theseare as described :- Title and sale of good by description :- Title is a term that explains about rights of seller and thisterm is also referred as a condition. Along with this sale of goods by description defines aboutconsistency of goods as per the description of products. Products can be described on the basis of3

specific features, attributes, brand which they belong and labels. This term also comes in thecategory of condition. Sale of good by sample :- According to Sales of goods act goods that are sold should beconsistent with the samples and this term is included in the category of condition. One more termthat is included is Sale of goods by sample as well as description in which goods that are soldshould be compatible with the description and sample that has been initially used. Fitness ensuring :- it is critical that quality of goods should be ensured so that it will meet therequirement and preferences shown by buyers. There are some specific elements that areincluded while ensuring quality of products and it includes process, attributes and features of theproducts. This term is also included in the condition (Crane and Matten, 2016). Similarly thereare some specific terms that are included in Sales of good and it is essential that the goods mustbe burden free and possession of goods must be enjoyed by the buyer. There are some implied terms that are associated with the supply of services and it is vital thatthese should be comply with while selling any product in market. Supply of goods and serviceact 1982 describes about two different parts and it includes supply of goods in first part andsupply of services is included in the second part (Miller, 2015). An implied term related toreasonable price and time should be included in supply of services. It has been mentioned in theact that contract of apprenticeship should be excluded and agreement related to supply ofservices should be included. Application of implied termsThe use of implied terms is very vast now a days. The terms re implied by the law if theissues related to the terms are stated directly. All the commercial transactions are under theselaws. The sales contract is having the implied warranty of merchant-ability. This means thateven after purchasing the product and using it, if the person gets injured the product can bereplaced or re-payed. This term is used when the sales contract is not in written form. 1.2There are some statutory provisions that are needed to be included o transfer of propertyand possession. Sales of good act mentions about legislation that are related with the transfer ofproperty and possession and some specific provisions also have been mentioned. According tothis law it is imperative that goods should not be ascertained. When contracts are made for Sale4

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