Business law

1. Unit 4 Assignment 3
The course tutor has asked you to present
information on key business-related laws.
Prepare a presentation about the key features of:
• consumer law.
• contract law.
• law of tort.
• international laws.

2. Consumer
protection is a
selection of laws
that protect
individual
consumers against
unfair selling
practices for goods,
services and digital
content.

3. • Coverage of items: This Act applies to all kinds
of goods, services and unfair trade practices
unless there is specific exemption made by the
central.
• Coverage of sector: All the sector whether
they are private, public or cooperative is
covered under this Act.

4. • Compensatory nature of provisions: as it
compensates the consumer for the losses. For
example if the goods are found defective after
testing, they should be are asked for replacement
or compensation for that defect from the seller.
• Group of consumer’s rights: The Act talks
about promoting and protecting consumer
rights.

5. • Effective safeguards: This law aims to
promote and protect the right of consumer by
providing safeguards against different types of
exploitation faced by the consumers.

6. Contract law
deals with
making and
enforcing
agreements
between parties.

7. • Offers in Contract Law
An offer is a promise to do, or not to do
something that is capable of acceptance by
another person.
An offer is made by an “offeror” to an “offeree”.

8. • Acceptance in Contract Law
Acceptance of an offer forms the "agreement" -
not the contract - between the parties.
Acceptance in contract law must:
accept an offer which remains open
be on the same terms as the offer
be unequivocal.
be unconditional
be communicated to the offeror

9. • Consideration in Contracts
To be legally binding, a contract must
be “supported by consideration”. Some
value must pass from each party to the
other for the agreement to become a
legally binding agreement.

10. Capacity to Contract
To form a contract,
a party must have
the legal capacity to
do so.

11. The categories of legal persons which don’t have
legal capacity are:
bankrupts
minors (less than 18 years)
individuals operating under a mental disability
(at common law)
companies which have not yet been formed,
and
companies which have been dissolved

12. • Intention to create Legal Relations
This is the last element to create a
legally binding contract.
The parties must intend that the offer
and acceptance is legally binding upon
them: that known as "contractual
intention".
Source: Hall Ellis Solicitors

13. Tort law refers to
the set of laws that
provides remedies
to individuals who
have suffered harm
by the
unreasonable acts
of another.

14. • A tort is a private wrong, which infringes
the legal right of an individual or specific
group of individuals.
• The person, who commits a tort is called
a “tort-feasor” or “Wrong doer”
• The place of trial is Civil Court.

15. • A tort is a private wrong, which
infringes the legal right of an individual
or specific group of individuals.
• The person, who commits a tort is
called a “tort-feasor” or “Wrong doer”
• The place of trial is Civil Court.

16. • Tort litigation is compoundable i.e. the
plaintiff can withdraw the suit filed by
him.
• A tort is a specie of civil wrong.
• A tort is other than a breach of contract
• The remedy in tort is unliquidated
damages or other equitable relief to the
injured.

17. International law (also
known as public
international law and the
law of nations) is the set
of rules, norms, and
standards generally
recognized as binding
between states.

18. 1. Promotes friendly relations among
the member states (members of the
International
community, for example, United
Nations).
2.Provides basic humanitarian rights.

19. 3. Solves International problems
through international cooperation.
4. Refrains the state from using threat
or force over the territory of any other
state to provide for the right to self-
determination to people, and

20. 5. Uses peaceful methods to settle
international disputes are few of its
functions.