Volledige samenvatting Engels (tweede jaar) module 1 + 2. Enkel de homestudy oefeningen van op Digitap zijn niet verwerkt in de samenvatting ("ultra fast-fashion" en "remote learning in prison")
PART I: LEGAL TOPICS
Chapter 1. Business and the law (Page 4-7)
1. Warming up
- In what ways will the law have an involvement in the different
departments of an international company?
= HR department: contracts of employment
= sales department: contract law / commercial law
= finance: tax law / investment law
- What kinds of legal claims might be made against a company by
employees, suppliers or competitors?
= employees: discrimination / unfair dismissal / …
= suppliers: breach of contract
= competitors: unfair competition
2. Reading comprehension
Text: syllabus page 5
Main points:
- Which four general areas of running a business are typically affected
by the law?
= people, profit, products and premises
- How would you describe Elegance to someone who knew nothing
about it?
= an international cosmetics organisations with offices and factories
worldwide
Details:
- What kinds of products does Elegance sell which have more than
simple cosmetic properties?
= medicated skin products
- Which people are described as being affected by the law?
= employees, management, shareholders, customers
- Which is important from a legal point of view about the way a job is
advertised?
= laws relation to discrimination, diversity and equal opportunities
- What kind of responsibilities does a manufacturing company have
towards consumers?
= to ensure a product is safe and reliable + to describe it accurately in
advertising and on packaging
,- What is important from a legal point of view about how products are
advertised?
= what is said and how it is said
- Why is intellectual property law important for companies like
Elegance?
= because it needs to protect its right to patents to avoid infringements
- Which laws are relevant for Elegance as regards the working
environment in its offices and factories?
= health and safety laws
- What can companies do to reduce the amount of tax they have to
pay?
= use tax avoidance scheme
Vocabulary:
Under licence from = Sold or produced with permission of
the company who owns the patent or
copyright, in return for part of the
sales revenue
Shareholders = Aandeelhouders
Misconducted = Wangedrag
Proper records = Proper rapport
Damages = Schadevergoeding
Litigation = Take a civil case to court
Tax avoidance = Legal
Tax evasion = Illegal
3. Vocabulary
3.1 Word search:
Codes = Rules of conduct or correct business
practice which don’t have the force of
law
(Gedragsregels of correcte handelspraktijken
die geen kracht van wet hebben)
Under licence from = With permission of another
company
(Met toestemming van een ander bedrijf)
Contracts of employment = Agreements between employers
and employees
, (Overeenkomsten tussen werkgevers en
werknemers)
Recruited = Employed, hired
(In dienst genomen, ingehuurd)
Discrimination = Unfairly choosing one person in
favour of another
(Oneerlijk kiezen van een persoon ten gunste
van een ander)
Dismissal = Being fired
(Ontslagen worden)
Shareholders = The people who own a company
(De mensen die eigenaar zijn van een bedrijf)
Legal status = The legal standing of a company
(De juridische status van een bedrijf)
Product liability claim = A legal challenge resulting from a
product that causes harm
(Een juridische uitdaging als gevolg van een
product dat schade veroorzaakt)
Damages = Compensation ordered by a court to
be paid to someone who has suffered
loss or injury
(Compensatie die door een rechtbank wordt
opgelegd aan iemand die verlies of letsel heeft
geleden)
Written laws = Legislation
(Wetgeving)
Breach of contract = When a contract is broken
(Wanneer een contract wordt verbroken)
Litigation = Going to court
(Voor de rechter komen)
Infringement of patents = Copying someone’s registered
invention
(Het kopiëren van iemands geregistreerde
uitvinding)
Premises = A word describing a building and the
land it stands on
(Een woord dat een gebouw en de grond
waarop het staat beschrijft)
Real Estate = Property
(Eigendom)
Tax evasion = Not to pay tax, but in an illegal
manner
(Geen belasting betalen, maar op een illegale
manier)
,3.2 Word Partnership:
Equal opportunities = Gelijke kansen
Disciplinary procedure = Tuchtprocedure
Consumer protection = Consumentenbescherming
Real estate = Onroerend goed
Consumer protection = Bescherming van de consument
Employment law = The law related to hiring and firing
Consumer protection law = The law that protects the buying
public
Medicines law = The law regulating the manufacture
and sale of pharmaceuticals
Tax law = the law relating to a share of profits
paid to the state
Health and safety law = The law concerning the well-being of
employees
,Chapter 2. Setting up a business (Page 8-11)
1. Exercise 1
Working for yourself: vocabulary -> underlined words
You’ are a solo trader = Zelfstandige
You start trading and manage the = Alleen, op jezelf
business on your own
You have unlimited liability for your = Onbeperkte aansprakelijkheid
debt = Schuld
Partnerships: vocabulary -> underlined words
2 types of partnerships:
- General partnership
- Limited liability partnership
General partnership = oldest one
The partners are personally liable = Persoonlijk aansprakelijk
A written agreement is recommended = Overeenkomst
but is not required by law
Partners do not have to provide a = Eigen vermogen
minimum amount of equity by law but
they usually agree to pay capital into
the firm when they join the
partnership
Limited liability partnership = LLP
Partners are called members = Leden
They are still the owners of the = Eigenaars
business, but their liability for the
debts of the firm is limited
Limited companies: vocabulary -> underlined words
, 2 main types limited companies:
- Private company
- Public company
These business structures must be = Afzonderlijke juridische identiteit
registered on the Register of
Companies and have a separate legal
identity
This means the members are only = Aandelen in het bedrijf
liable to pay for their shareholding in
the company
It is the company that is liable to its = Schuldeisers
creditors
2. Exercise 2
Explain the words:
Sole trader = An individual person who owns all
the assets of the business and is liable
for all its debts
Unlimited liability = The business is not a separate legal
entity, so liability rests with the
owners of the company
Equity / company capital = Consists of cash and assets
Tangible assets = Physical objects (e.g. a car)
Intangible assets = Non-physical objects (e.g. a patent)
Articles of association = Document in which the relationship
between the company and its
shareholders is set out
3. Exercise 3
Verb+noun pairs when getting started in business
Register / run a company = Een bedrijf registreren / runnen
Raise / contribute capital = Kapitaal ophalen / bijdragen
Submit / reject an application = Een aanvraag indienen / afwijzen
Draw up a contract = Een contract opstellen
Impose restrictions = Beperkingen opleggen
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
√ Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, Bancontact of creditcard voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper mettejacobs. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €7,66. Je zit daarna nergens aan vast.