Summary
Summary Legislation
- Course
- Institution
Explains the different types of legislation (e.g. consumer protection law, employee protection, environmental protection, etc.) and how it impacts the business.
[Show more]
Seller
Follow
emily1744
Reviews received
Content preview
Theme 2 Topic 6Legislation
Consumer Protection
Consumer Protection Law – designed to ensure that the consumers are treated fairly by the business from
which they buy
Two Acts of Parliament Are Especially Important
Sales of Goods Act (1893) – the law which says ‘goods must be fit for the purpose for which they are sold’
Three expectations – product must match description, be of merchantable quality and must be fit for
purpose
Customers are entitled to refund, replacement or repair if the three expectations are not met
Trade Descriptions Act (1968) – forces companies to ensure that every claim and statement about a product is
true
Protects against false information, failing to give information, acting aggressively
The Effects on Businesses
Could reduce sales – higher costs mean Business could get bad reputation if
higher prices standards are not met
Costs of business could increase if quality Adverts could be withdrawn if they don’t
needs improving meet the standards
Increased administration Legal implications could be costly
Employee Protection
Employment Law – protects the rights of employees at work
Key Area of Employment Law Possible Implications for Firms
Increased labour costs, which may lead to
increased automation in the longer term
Right to National Minimum Wage and Living Wage and increased unemployment
Employees may be more motivated by a
fair wage satisfying basic needs
Meets employees security needs
Right to Written Employment Contract and Flexible
Can reduce employers flexibility in how
Working
that use their staff
Increased cost of paying for cover for these
staff
Right to Take Time Off for Parenting and Flexible
Staff may feel more valued as they feel well
Working
treated by employers, reducing staff
turnover levels
Reducing capacity becomes expensive due
Right to Redundancy Pay to statutory payments to staff made
redundant
Employers can be forced to deal with a
Industrial Relations
trade union if enough staff are members
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller emily1744. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.21. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
64438 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now