The Legal Environment and Business Law
Added on 2021-02-20
8 Pages1713 Words65 Views
|
|
|
Business Law
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
INTRODUCTIONBusiness law is a part of the legal system prevailing in the country. Provisions related tocommerce are included in this and it comes under Civil law. Commercial transactions aregoverned by this by following which an entity is run and managed (Clarkson, Miller and Cross,2014). Non-compliance with applicable legal provisions of this statues, there are punishmentsand strict actions which can be awarded. Hence, management should avoid making default inabiding the legislations. This report is based on two case studies which are solved by explainingthe provisions which can be applied and find a conclusion. MAIN BODYQuestion 1In this case, James buys a new refrigerator for an amount of $1000 and receives 'one-yearmanufacturer warranty'. However, the motor stops working after one year and two months towhich James goes to the store for a replacement but was denied due to the expiry of warrantyperiod. Warranty is a promise from the manufacturer or similar parties to assure or guarantee thequality of the product or service. In most of the case it is available in writing to avoid any futuredisputes. It contains clause either to repair or replace the defective goods. Australian ConsumerLaw provides that when a product or service it bought, the warranty promise becomes a rightwhich can be legally enforced. It is different from guarantees as expiry of warranty period doesnot affect a guarantee. There are different types of warranties such as common warranty which is actually anextra promise made verbally or in writing about product quality. Extended warranty is offered byretailers to make the customer extend their time limit of the manufacturer's warranty. It comeswith additional protection beyond the original warranty (Types of warranties, 2012). In the given case, manufacturer warranty or warranty against defects is given. A companyusually make such promise to customers buying the goods. It can be made at the time ofpurchase or delivered. Furthermore, the conditions included in this are repair or replace, resupplyor correct the problem with service or to provide compensation. The parts of goods is alsocovered in this warranty. One of the most significant feature is that this warranty is limited bytime. It has some specifications that should be there in this warranty and these are language used1
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents