R/601/1145 Evaluate the statutory provisions on buyers and sellers remedies.

Business Law

Unit aims

To develop knowledge of some of the main aspects of business law that the learner may encounter as a manager in a business.

Learning outcomes

1 Be able to apply the main principles affecting the legal relationship between business organisations and between their consumers

1.1 Apply the legal rules on implied terms relating between to the sale of goods and supply of services

1.2 Apply the statutory provisions on the transfer of property and possession

1.3 Evaluate the statutory provisions on buyers and sellers remedies

1.4 Apply product liability statutory provisions

2 Be able to apply the legal rules on between consumer credit agreements between and agency

2.1 Differentiate between types of credit agreements

2.2 Apply rules, termination rights and default notices in a given scenario

2.3 Differentiate between the different types of agent.

2.4 Evaluate the rights and duties of an agent.
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3 Understand the legal rules relating to between monopolies, mergers and between anti-competitive practices.

3.1 Outline monopolies and anti-competitive practice legislation in the UK.

3.2 Explain the role of the Competition Commission within the context of monopolies and anti-competitive practices and the UK office of fair trading.

3.3 Define dominant positions within the EU common market.

3.4 Consider the application of EU exemptions to potentially anti-competitive practices.

4 Know the key provisions relating to between intellectual property rights.
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4.1 Identify differing forms of intellectual property.

4.2 Outline the principles relating to the protection of inventions through patent rights and their infringement in a given business scenario.

4.3 Describe the principles relating to copyright protection and their infringement in a given business scenario.

4.4 Compare and contrast the protection of trademarks and business names.