Principles of Business Law - 8620 Words

DIPLOMA IN BUSINESS ADMINISTRATION PRINCIPLES OF BUSINESS LAW (BA333) ASSIGNMENT TERM ONE 2006 Instruction: †¢ Answer ALL questions. †¢ Marks will be awarded for good presentation and thoroughness in your approach. †¢ NO marks will be awarded for the entire assignment if any part of it is found to be copied directly from printed materials or from another student. †¢ Complete this cover sheet and attach it to your assignment. Student declaration: I declare that: ï‚ § I understand what is meant by plagiarism. ï‚ § The implications of plagiarism have been explained to me by my institution. ï‚ § This assignment is all my own work and I have acknowledged any use of the published or unpublished works of other people. Students†¦show more content†¦Thus, the sales of the prescribed drugs were made under the supervision of a registered pharmacist as required by the Act at the appropriate moment in time. Therefore, there was no breach of the Act. Questions of common sense and of commerce were applied in this case where if the picking up of an item from the shelf constituted a sale, it would mean that ownership of the item would immediately pass to the customer. The customer would not be able to have a change of mind and return the item to the shelf; the supermarket would not be able to prevent the customer from taking the item, as it might be the last in stock, which the supermarket wanted to keep it as display on the shelf. Fisher v. Bell [1961] The Restriction of Offensive Weapons Act 1959, prohibited persons from offering weapons for sales. A shopkeeper was prosecuted for displaying an offensive weapon, which is a flick-knife in his shop-window. It is held that he shopkeeper was not convicted, as the exhibition in the shop window was not an offer for sale; it was merely an invitation to treat. Advertisement As a general rule, a public advertisement does not amount to an offer. The courts haveShow MoreRelatedPrinciples Of Business Law By Robert W. Emerson Essay892 Words   |  4 Pageschallenging. There are many rules and ethics that applies in the business world. Most of them can refer to legal terms, confidential activities, and agency, etc. However, one book explains more in-depth about business law called Business Law. The book was published in 2009 (Emerson, 2009). It is also written by an American author named Robert W. Emerson. His book contains a variety of valuable chapters that give details on the principles of business law. The book also provided useful ideas how tort responsibilityRead MoreContemporary Canadian Business Law: Principles and Cases Tenth Edition Cases2150 Words   |  9 PagesContemporary Canadian Business Law: Principles and Cases Tenth Edition Chapter 15: Case 9 Case 9 deals with a homeowner (the principle) who lists her property for sale and enters into an agreement with an agent to facilitate a sale with a third party. Over the course of the agency agreement a prospective buyer inspected the property but didn’t make an offer before the agency agreement expired. The legal issue that arises comes after the agency agreement expires. The prospective buyer laterRead MoreSalomon vs Salomon1550 Words   |  7 Pageslegal entity independent of its members, can enter into contracts and own property in its own right, can sue and be sued and also taxed in its own name. The principle of corporate entity was established in the case of Salomon v A. Salomon , now referred to as the ‘Salomon’ principle. The facts of this case were that the owner of a business sold it to a company he had formed, in return for fully paid-up shares to himself and members of his family, and secured debentures. When the company went intoRead MoreThe Caux Round Table Principles and White’s Biblical Principles1099 Words   |  5 PagesThe Caux Round Table Principles and White’s Biblical Principles The article make a link between the nonspiritual and Biblical principles within which business that will be considered responsible and just should follow to. It is going to draw from principles enlisted by the Caux Round Table and those by White. (White, 1978) Caux focus mainly on the secular section of the principles without putting any emphasis on any one religion but rather as a guidance for proper business dealings for the improvementRead Morethis is an essay1741 Words   |  7 Pages[PDF] 11011 Business Law 100 Semester 1, 2012 - Curtin ... https://business.curtin.edu.au/downloadFile.cfm?fileId=D4471A94...‎ Feb 10, 2012 - 3 Construct a coherent and logical legal argument using the four step process approach. 4 Apply relevant legal concepts and principles to  ... 2. 4 main steps in the legal research process - Introduction to ... unimelb.libguides.com/content.php?pid=172459sid=1451390‎ Jun 11, 2013 - You might also go to an encyclopedia such as Halsburys Laws of AustraliaRead MoreEthics Are The Same As Personal Ethics1258 Words   |  6 Pagesmoral rules, though not necessary laws. Business ethics are the same as personal ethics. An excellent company is not a technically and economically a right company, it’s also the one with social values, or a certifiable standard on ethical, social and environmental aspects. The relation of law and ethics or morality are that many types of laws restrict inmoral practices. For example, one way to discuss that a law should be passed is to argue that the conduct the law is to govern is inmoral and seriouslyRead MoreBachground of Salomon v Salomon Co Ltd Essay767 Words   |  4 PagesFirst and foremost, Salomon v Salomon Co Ltd is the first recognized case law or principle that the company as an individual having a separate legal personality by the courts. In this case, Salomon who manufactures boots and shoes and he is a successful sole-proprietorship. After that, a limited liability company was formed by Salomon in 1892 which is because their families include his wife and children are willing to become of his partners. Mr Salomon was holding 20,001 shares out of 20,007 sharesRead MoreBusiness Ethics : Ethics And Practices1354 Words   |  6 Pages Business ethics Business Ethics relates to policies and practices that regard potentially controversial issues. The business ethics will be the moral principles that will affect a business’s behaviour. Also most organisations pay their business managers to make decisions which will help the business to reach its aims and objectives. Businesses are part of the community therefore they are required to behaviour at a certain standard. Ethical activities Ethical activities will focus on making a positiveRead MoreA Study On Malaysian Institute Of Accountants1416 Words   |  6 PagesMalaysian Institute of Accountants By-Laws Background The Malaysian Institute of Accountants website offers viewing of the code of ethics for practicing accountants (2010). As per the website and information therein, The Malaysian Institute of Accountants set up the Ethics Standard Board in June 2009 in order to supplement the Malaysian Government’s push to promote greater integrity and ethics. The vision of the Ethics Standard Board is to adopt high quality professional and ethical standards forRead MoreUniform Commercial Code and Common Law Contracts1156 Words   |  5 PagesUCC and COMMON LAW CONTRACTS Introduction Uniform Commercial Code (UCC) entails many underlying laws and requirements governing it in trading within a country and internationally. The international trade part has in recent years raises the question as to whether states should change the laws or not. The current laws can bring about many issues causing the downfall of many large businesses. This makes it hard to conclude on the effect of U.C.C. on international commerce coming along with many