Business Laws Examples

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1. Complying with ACL. Some examples of how you must comply with the ACL include: If your customers asks for an itemised bill, you must provide it free of charge.
2. Consumer guarantees. As part of consumer law and fair trading laws, the ACCC regulates consumer guarantees. As a business owner, you must understand consumer rights in order to comply with your obligations.
3. Unfair contract terms. Standard contracts. The ACL protects small businesses and consumers from unfair terms in standard form contracts. A standard form contract is a contract between 2 parties where 1 party prepares the contract giving the other party little or no opportunity to negotiate the terms.
4. Consumer product safety. The ACL governs product safety in Australia. This means that the products you supply must be safe and meet consumer guarantees.
5. Unfair business practices. ACL ensures that businesses conduct fair sales practices. This allows consumers to trust the businesses they deal with. Unfair sales practices include

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Business Law Case Studies Examples. Business laws broadly govern the areas of commercial transactions, sales, mortgages, contracts, bankruptcies, etc. Business law case studies involve a dispute between two legal entities regarding such issues.The students of law schools are given such situations of dispute in order to come up with possible legal solutions.

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Fair trading laws ensure your business operates fairly and competitively. These laws also ensure that you inform and protect your customers. To make sure your business meets fair trading regulations, you need to consider: Fair trading laws; Australian Consumer Law and your business; Competition and Consumer Act; Australian standards; Codes of Conduct; When …

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Business Law is the body of law that governs business and commercial transactions (Bushman 2007). In today’s complicated business world in order to operate and control a Business Laws are a must. So, this part of law deals with businesses to keep businesses running in a disciplined way as all the parties related to businesses get protection as well as …

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2. Business licenses. To legally start a business, you’ll likely need a business license. Start by calling your local city government. See if you need a license, and if you need to know about any zoning rules.
3. Fair Labor Standards Act. This act regulates federal minimum wage, overtime rules, child labor bans, and record keeping requirements. You’ll want to read through it to make sure you comply with the current regulations.
4. Federal Equal Employment Opportunity laws. This set of laws prohibits discrimination based on race, color, religion, sex, or national origin. It also includes equal pay for men and women, and protects people with disabilities.
5. Family and Medical Leave Act. If an employee is dealing with a medical condition, or a family member with a medical condition, there are rules an employer must follow.
6. Occupational Safety and Health Act. This law guarantees employees a safe work environment, free from recognized health hazards.
7. Workers’ compensation. Most states require employers to buy an insurance policy that compensates employees if they get hurt or become ill from workplace exposure.
8. At-Will work doctrine. In all states except Montana, there is an at-will work law in place. This means employers can fire an employee at any time for any reason, unless it’s an illegal one.
9. Obtain an employer identification number. To file your business taxes, you’ll need an employer identification number. Visit the IRS website to get your number, and you’ll get the number immediately after filling out the necessary forms online.
10. Know the taxes you have to pay. Whether your business has a staff of one or 100, Uncle Sam says you have to pay certain taxes. Take some time to review the federal tax, social security, Medicare, and federal unemployment tax requirements.
11. Hiring employees. When you plan to bring on an employee, it impacts your taxes. The amount of time an employee works for you will make a difference when it comes to taxes, so research the difference between a W-2 employee and a 1099 employee before making any hiring decisions.

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Business Law is the body of law that governs business and commercial transactions (Bushman, 2007:24). In today’s complicated business world in order to operate and control a Business Laws are a must. So, this part of law deals with businesses to keep businesses running in a disciplined way as all the parties related to businesses get protection as well as …

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1. Price fixing occurs where 2 or more competitors (formally or informally) agree on setting a price. Under the Competition and Consumer Act 2010, price fixing is illegal in Australia. The Australian Competition and Consumer Commission (ACCC) administers the Act. Price fixing is a complex area and significant penalties apply, so ask your solicitor to explain your obligations under the Act. You must understand how the Competition and Consumer Act 2010applies to your business.

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Antitrust laws are statues that apply to nearly all industries and levels of business. The laws are designed to protect competition. Antitrust laws govern transportation, manufacturing, marketing, and distribution. The laws prohibit several practices that restrain trade, and they're necessary for a free and open marketplace. The types of illegal practices that antitrust laws target include …

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She was placed on a project, Business for the Rule of Law, a pioneering legal policy initiative examining business and the rule of law. The policy framework was launched in June 2015 and is the first major global policy response of its kind, strongly advocated for by UN Secretary-General Ban Ki-moon. At its core, the initiative consists of a policy framework for …

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PRINCIPLES OF BUSINESS LAW Contents Study Unit Title Page Syllabus i 1 Nature and Sources of Law 1 Nature of Law 3 Historical Origins 6 Sources of Law 9 The European Community and UK Law: An Overview 13 2 Common Law, Equity and Statute Law 23 Custom 25 Case Law 26 Nature of Equity 32 Application of Principles of Equity 34 Equity and Common …

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Real Examples of Business Law 1. Assignment on Real Examples of Business Law 2. Course Title: Legal Environment in Business Course Code: BUS-203 Submitted to SharminJahan Lecturer,DIU Submitted by Section: B Date of Submission: 12/04/13 Name ID. Roni Kumar Ghosh 112-11-2085 Md .Mashiur Rahman 112-11-2086 Md. SajjadHossain 112 …

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2. Employment Law. Especially in today’s modern workplace, it is vital for any company with even one employee to stay abreast of current employment laws. Are you required to offer health insurance or workers’ comp insurance?
3. Immigration Law. There are more and more occasions where immigration law becomes an issue in modern businesses. Temporary employees, full-time employees, and special event workers may be from other countries.
4. Consumer Goods Sales. The Uniform Commercial Code contains the laws governing financial transactions in the United States. The Code deals with everything from contracts to fraud to leases to secure transactions.
5. Contract Drafting/Negotiations/Litigation. Whether for a property lease or for a product sale, contracts help make sure that the parties who are making a deal are on the same page.
6. Antitrust. Antitrust laws help make sure the different businesses in a marketplace are operating on a level playing field. Some companies use unfair or deceptive practices in order to get a larger share of the market, and it may be difficult to identify unfair behavior in your own company.
7. Intellectual Property. Businesses may need to patent unique products in order to protect that work in the marketplace. Otherwise, anyone could sell a product your company worked hard to make.
8. Taxes. Businesses may have to pay and/or figure several kinds of taxes: Income taxes for the profits of the company, which may be paid as personal income taxes for sole proprietorships or single-person LLCs or through a partnership business tax return.
9. Bankruptcy. Sometimes businesses are forced into a bad situation because of circumstances beyond their control. There are several kinds of options, with different requirements and filings.

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The advertisement states that “smartphone will be sold to the first buyer who offer me $388” is a statement of price not an offer. It is an invitation to treat, supported by the case study Harvey v. Facey (1893) that it is just to convey information about the price of the phone, not an offer because there is no contract. Henry can choose whether he want to sell and who to sell …

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Business Law Book. Below is the list of business law book recommended by the top university in India. Avtar Singh, Mercantile Law, Eastern Book Company; Chandra Bose, Business Laws, PHI, 2008; Bulchandani, Business Law for Management, 2009, Himalaya Publishing; Kumar, Legal Aspect of Business 1st, ed. 2009, Cengage Learning

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Example A. In a company of 10, 3 are doing half of the work or producing half of the results. Example B. In a company of 100,000, 100 are doing half of the work or producing half of the results. It applies to every single realm where there is a difference in creative production.” So what does this mean? As a leader, manager or business owner it is important to understand …

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Business Formation Laws. This law defines the type of business entity you have formed – a sole proprietorship, partnership, or a limited liability company (LLC). Each one of these entities has different tax structures and legal implications. When you’re deciding on your business’ entity, you should consult a tax attorney or accountant. Zoning Law. This law defines the types of …

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This branch of law also encompasses laws concerning employment and agency, contracts, property, sales, business organizations, commercial paper, and bailments. You might encounter business laws when dealing with creditor and consumer protection, insurance, or will and estate planning. Other examples include managing, starting, buying, or selling a business, …

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Frequently Asked Questions

What are the different types of laws for businesses?

Your business may be subject to laws related to employment, insurance, intellectual property, immigration, environmental, taxes and other matters. If your business provides goods or services in multiple states, your business may also be subject to laws in all the states in which you are doing business.

What is business law in simple words?

Introduction to Business Law Business law encompasses all of the laws that dictate how to form and run a business. This includes all of the laws that govern how to start, buy, manage and close or sell any type of business. Business laws establish the rules that all businesses should follow.

What is prices law?

What is Price’s Law? 50% of the work is done by the square root of the total number of people who participate in the work. Only a handful of people produce half of the results in any given field or company. You may have observed this phenomena throughout your experiences in life.

What are online business laws?

What are online business laws? Online business laws are similar to brick-and-mortar business regulations, but with their own special considerations that must be accounted for. These include the need to comply with strict regulations when it comes to copyright, security, privacy and sales tax.

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