Explain what the law is and the role that the law plays in wider society
Case Study Assignment
1.Explain what the law is and the role that the law plays in wider society and in the business environment
2. Identify the major sources of law and have the capacity to read and interpret both case law and statutes
3. Identify the role of law in business activity and explain the elements needed to create and enforce a valid contract
4. Define an agency relationship and explain the legal implications of such a relationship
5. Identify and define the different types of property including intellectual property and analyse the importance to business of such property and how the law protects such property
6. Define a tort and explain the tort of negligence, the elements that must be proved to bring an action in negligence and how this tort is relevant to the business environment
7. Describe the different ways a business may be carried on and the factors that will influence the choice of business structure
8. Explain the significance of a company being a separate legal entity
9. Explain how the law protects consumers of goods and services and the obligations that businesses have to consumers
10. Explain how the law protects competition and identify the anti-competitive conduct the law prohibits
11. Apply knowledge of the law to a range of situations
12. Identify the applicability of a range of laws and explain their impact on those carrying on business
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