Question 18

Business law is the law that governs what happens with commercial matters, and there are two main types: regulation of commercial entities and regulation of commercial transactions. Laws have evolved over centuries, and have had to adapt to changes in technology and society.

Types of Business Law

Here are some of the most common types of business law:

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? Has your business discriminated against an employee, or stood by while one employee committed sexual harassment against another? There are many areas where your company could face major financial liability, not to mention the potential loss of reputation when treating employees unfairly.

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. You need to know if you are following the law when dealing with foreign labor.

Consumer Goods Sales

TheUniform Commercial Codecontains the laws governing financial transactions in the United States. The Code deals with everything from contracts to fraud to leases to secure transactions. Ambitious in its aim to consolidate the laws in one place, the Code is actually quite complex. Lawyers spend a lot of time learning about how to apply the UCC to actual business practice and can give businesses advice on how to stay compliant with the laws while staying productive.

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. Attorneys can help make sure your best interests are represented when your business enters into a contract.

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.A business lawyercan help you make sure that your business is operating ethically while helping protect you from unfair actions by other companies.

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. Copyright laws will protect creative work, and you will need to file for protection if your business is identified by a unique logo.

1. The_________ nomination________ of a leader of_______ a establishment______ at a general________ meeting is by_________

2. The___________ Economic accounts______ of a syndicate shall comprise the following except_______

3. Under_______ the Money ________Valeting (Prohibition) Act except in________ a transaction through a _________financial institution ______no corporate_______ body shall make or accept cash _______payment of a sum greater than________

4. Agency of ________necessity may be created_______ in all the ensuing settings except where it is_____

5. The rights _______of a buyer of________ goods include the following except_______

6. The hirer in a contract _______for hire purchase has the following rights except

7. In law, no one has an insurable interest in________

8. are parties to a cheque_______?

9. ______to a_______ cheque_________?

10. A non-adversarial process________ through which parties to ________a dispute seek_______ amicable settlement is referred to as_________