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Legal Norms Relate With Sale of Goods and Services

   

Added on  2020-01-07

13 Pages4128 Words154 Views
BUSINESS LAW

Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1 ...........................................................................................................................................31.1 Legal norms relate with sale of goods and services.........................................................31.2 Legal laws on movement of property and its possession.................................................41.3 Legal rules and regulations on remedies, for parties involve in sales contract................41.4 Legal rules or provisions related with goods indebtedness..............................................5TASK 2............................................................................................................................................52.1 Different agreements of credit..........................................................................................52.2 Rules, termination rights and default notices...................................................................6TASK 3............................................................................................................................................83.2 Monopolies and anti- competitive practice legislation.....................................................83.2 Role of Competition commission context of monopolies and anti-competitive..............83.3 Dominant position at EU market......................................................................................93.4 Petition of EU exemptions to potentially anti- competitive practices..............................9TASK.4..........................................................................................................................................104.1 Determine and prepare a scenario for different types of possession rights....................104.2 Protection of patent rights and legal rules preventing their conflict.............................104.3 Safety of copyright by legal rules...................................................................................114.4 Prevent trademark with example....................................................................................11CONCLUSION:...................................................................................................................11REFERENCES:.............................................................................................................................12

INTRODUCTIONBusiness law cover all rules and regulations necessary to run all activities ofbusiness in a effective way. It helps in safeguarding interests of people involve in salescontract (Folsom and et. al., 2012). This describe rights and duties of sellers, buyersand agents in order to consist transparency. It contains various sections which describethe duties of buyer before buying a product, it states that it is the duty of buyer to verityall features and quality of product before buying. Products and features should be samebefore and after the delivery. It is the responsibility of a seller to keep the buyer awareabout all conditions of product. Purchaser of product can use various methods ofpayments according to his need. Duties of agents are described under this report alongwith this various legal provision related with transfer of property is also described.Various situation in which in which buyer can sue against seller and seller can take legalaction against buyers are are mentioned in this report.TASK 1 1.1 Legal norms relate with sale of goods and servicesThis act is enacted by legal authority to protect the rights of seller and buyersfrom any exploitation and fraud. In fact sale of goods and services is implemented inrespect of products that are sold and buy for satisfying the need of customers andwhole society (Bagley, and Dauchy, 2011). According to this law after transferring of apossession from supplier to consumer then that individual is liable to pay for it. Legalauthorities have enacted many rules and regulation related to sales of goods act fortheir effective use are stated below :- Accurate data is very much indispensable about product before buying process. Fulfils all the terms and conditions which is mentioned by company or supplier. Delivery of a goods and services at a right time to a right person in a given timeframe. Ensure that contract between buyer and seller must free from any fraudulentactivities and misrepresentation's.Price of a goods must be similar for every consumer without any change on thebasis of income groups.

1.2 Legal laws on movement of property and its possessionLegal authority of a nation amended numbers of laws to fulfil the demand ofparties involved in a trade. After that buying party instantly hold the authority ofpossession as he/she purchase products. Norms which is used by Mr. Ben hereincludes the following:Sec 16: Ownership of a product is transfer from buyer to seller(Spalding, 2011.).Sec 17: Product passing from one place to another need to be specific and authority ofa goods will move with the consent of both parties involving in a contract. Rule 1: commodity which has been passes at the time of executing agreement is onlysold by seller and it has to be special and definite. Rule 2: Products are only sell after the permissionof purchaser or with the intent of thevendor to soldRule 3: Title must be transfer to purchaser and only to purchaser form seller of goods. Rule 4: After delivery of goods risk related product transfer to buyer of products.1.3 Legal rules and regulations on remedies, for parties involve in sales contract.Sue can be done by seller to purchaser in various cases which are stated below:-For PriceBy considering section 55(1)vendor have the authority of suing if consumeris denying to pay after delivering the product according to the terms of contract:ii. Alteration occurred due to rejection On the basis of section 56 merchandiser have the right of sue buyer fordamageoccurring through rejection.Customer can sue vendor in two different circumstances which are given below:-Harm causes through non delivery of products.By considering section 57 vendee have the authority of reacting against vendorfor losses ofnon delivery of goods.Break of assuranceOn the basis of 59-1 consumer have the rights to take legal action against seller for notaccepting the goods in guarantee period.Particularfeatures

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