Business Law Assignment Help (GC0143)

Introduction

Business law is enclosed with forming and operating a business including rules and regulations.  It is comprised of various laws that a business should follow in order to successfully manage business transactions. Law of business is surrounded by various laws such as laws regarding tax, laws regarding employment, laws regarding intellectual property, laws regarding bankruptcy, laws regarding licensing ETC. These laws have a great impact on managing business operations and taking effective decisions.  The growth and success of an organization are impossible without following these laws.  To operate an organization in legal ways the importance of these laws know no bounds. Therefore, it is obvious that business laws ensure the security and safety of an organization. Violation of these laws must be prevented in each and every organization in order to achieve desired goals.

Task 1:

1.1 Applying the legal rules on implied terms relating to the sale of goods and supply of services:

There are certain laws regarding the sale of goods and supply of services to ensure safety and security to the buyers. Provisions regarding the sale of goods and supply of services come from the Sale of Goods Act 1979 and the Supply of Goods and Services Act 1982.

Implied terms relating to the sale of goods:

In a contract of sale of goods, certain terms are related. These terms are classified as implied or express. Express terms refer to those terms which are specific and which the contractual parties mutually determine. Implied terms are basically the opposite of express terms and terms are not certain. Implied terms (conditions and warranties) relating to the sale of goods are the following:

• Title: This term deals with indicating the rights of a seller whether the goods can be sold by the seller. This can be referred to as a condition.
• Sale of goods by description: This term deals with the consistency of goods according to its description. Goods can be described in terms of simplifying features of goods, uttering trademark, brand or label. This can be referred to as a condition.
• Sale of goods by sample: According to Sec 17, goods are sold should be consistent with sample and goods should be flawless. This term is also referred to as a condition.
• Sale of goods by sample as well as a description: Sec 15 implies the sale of goods by sample and by description. According to this term, goods that are sold using sample and description should be compatible with that sample and description. It is referred to as an implied condition.
• Ensuring Fitness: This term is related to ensuring the quality of the goods and if the quality of the goods meets expectations, then considering features of the goods, price and other necessary requirements.

Apart from the above conditions, there are also some implied warranties in the contract of sale of goods. They are the following:

• Possession of goods must be enjoyed by the buyer.
• The goods must be burden-free.
• According to Sec 16(3), ‘ A warranty as to fitness for a particular purpose may be annexed to a contract of sale by a custom or usage of trade’.

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Implied terms relating to the supply of services:

Delivering goods and services are enacted by the Supply of Goods and Services Act 1982 (SGSA). SGSA is comprised of two parts. The supply of goods is embedded with part one and the supply of services is embedded with part 2. Implied terms relating to the supply of services are discussed below…………….

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