Unit 7 Business Law of Contract - level 5 in business

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Unit Name: Unit 7 Business Law of Contract

Level: level 5 in business

Task 1
Be able to apply the main principles affecting the legal relationship between business organizations and their consumers
P1.1 Analyse and advice Mr Adam on the legal rules on implied terms relating to the sale of goods and supply of services
P1.2 Analyse and advice Mr Adam on the statutory provisions on the transfer of property and possession
P1.3 evaluate the statutory provisions on buyer's and seller's remedies in sale of goods contracts
P1.4 apply product liability statutory provisions for faulty goods

Task 2
Be able to apply the legal rules on consumer credit agreements and agency
P2.1 Differentiate between types of credit agreements which Claire could use to obtain the new car.
P2.2 Analyse the rules on termination rights and default notices for Claire to be informed in case she subsequently has trouble paying the debts as required in the contract.
P2.3 Analyse the general features of Agency and differentiate between the different types of agent.
P2.4 Evaluate the rights and duties of an agent to assist Claire understand her position once she becomes an Estate Agent.

Task 3
Understand the legal rules relating to monopolies, mergers and anticompetitive practices
P3.1 outline monopolies and anti-competitive practice legislation in the UK
P3.2 explain the role of the Competition Commission within the context of monopolies and anti-competitive practices and the UK Office of Fair Trading
P3.3 define dominant positions within the EU common market
P3.4 consider the application of EU exemptions to potentially anti-competitive practices

Task 4
Know the key provisions relating to intellectual property rights
P4.1 Identify differing forms of intellectual property
P4.2 Outline the principles relating to the protection of inventions through patent rights and their infringement in a given business scenario
P4.3 Describe the principles relating to copyright protection and their infringement in a given business scenario
P4.4 Compare and contrast the protection of trademarks and business names.

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