• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

statutory regulations

Extracts from this document...

Introduction

Statutory Regulations and Law are listed below: > Health and Safety at work Act 1974 The acts states that the employers must provide safe equipments and working systems. Provide a safe working environment and written policy that include risk assessment. Must provide training, instruction, supervision and must make sure employees are aware of the instructions. Employee must cooperate with their employer and take care of their own health and safety and others. > Partnership Act 1890 This is 2 - 20 people that are joined together as partners. The following are the rights and responsibilities of each type of partners. General partners - they invest and take part in the running of the business and its profits. Each general partners are all responsible for any debts that may occur. Sleeping Partners - they invest and share the profits but don't participate in the running of the business and they are not really liable for the debts since they are not an active partner. Companies - they can be the officers of the partnership and their rights is the same as the other partners but also deal with tax and reporting requirement. > Business Names Act 1985 It applies to a company which trades under a name which is not its corporate name. It requires me to provide the business the name of the proprietor of the business or the name of every partner if the business is a partnership and the corporate name if the business is a limited company and the individual name. > Equal Pay Act 1970 The acts states that men and women must be paid equally as long as their working conditions are similar. The act forbids unequal pay for equal work performed by both men and women in the same business who are having the same working conditions. > Sex Discrimination Act 1975 / 86 This act makes it an offence for me to discriminate about their sex, marital status, or gender in employment, education or in providing ...read more.

Middle

to them The acts prevent sexual harassment at work either by direct sex discrimination, indirect sex discrimination and also protect people who complain and are then victimised. > Race Discrimination Act 1976 The acts states that it is an offence for an employer not to treat their employees well or equally due to their race, colour, sex, nationality or ethnic origin. It provides protection either at work, education, provision of goods and services. > Disability Discrimination Act 1975 This act makes it an offence for me to discriminate against a disabled person but places a duty on the employer to adjust the nature of work and working environment to employ an employee with disability. I need to treat everyone equally and make sure the disabled people can have access to my service. > National Minimum Wage Act 1998 This act applies to all workers and set hourly rates to which payment must not fall. It protects customers against unfair charges. It protects employees by which the acts also states that if two employees are doing the same job they should be paid equally. > Consumer Credit Act 1974 This Act controls credit this means that any loan offered to the customers must be licensed. It gives customers making credit agreement when they have agreed to credit in their home a seven days cooling-off period. Personal sellers need to state the details about the credit agreement which must include the total charge of credit, the APR and total costs. For example, Kitchen Direct must explain the full cost of loan, year and APR. > Consumer Protection Act 1987 It requires the sellers to provide products that are safe and the price is clear. It is an offence to supply unsafe goods and giving false prices and exaggerate price reductions. The goods produced must fit for the purpose for which they were sold and must be safe, in other words the product must meet the customers need. ...read more.

Conclusion

For example, if your computer hasn't got the services set out in your contract then you are entitled to compensation. > Sales of Goods Act 1979 You are not entitled to reject and get a full refund on a product because you had the products for a while before the fault developed, you are only entitled to have the products repaired, and you can get a replace if repairing the products is irregular. You should ensure you follow the terms and conditions before making your queries. If the products did not meet your requirements you can reject / refund them hastily with a justified proof. > Trade Descriptions Act 1968 This act prevents personal sellers misleading customers on goods or services. I need to provide my customers with correct information about the products or services. The act carries an offence to give a false misleading description of goods. Keeping and submitting business records It is important for me in my business to gather different informations and make it is stored correctly so it is able to retrieve which can either be manual or electronic filing system. Regulations and laws relating to records There are two main acts that relates to income tax. 1. Deduction of employees pay, paying under the PAYE systems. 2. Types of income like self employment. The VAT is take form the Value Added Tax. The importance of completing and keeping correct records It is important to keep correct records for legal reasons They include: > I need to keep correct record for my business in other to prepare my financial statements like my profit and loss account and balance sheets which will show my income and expenses and to help me dealing with my bank. > I need to know the progress of my business if it is improving and the changes that I need to make. > I need to know where the money is coming from and if I am making profit or not. ?? ?? ?? ?? Unit 9: Exploring Business Enterprise. M2 Tope Ogunsanya ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Law of Contract section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Law of Contract essays

  1. Marked by a teacher

    Contract Law - Offer And Acceptance

    3 star(s)

    This was observed by Lord Wilberforce in New Zealand Shipping Co Ltd v AM Satterthwaite. The better way is to look at all the documents passing between the parties and glean from them, or from the conduct of the parties, whether they have reached agreement on all material points, even

  2. e-commerce legal issues

    As an eBay buyer, he must comply with the seller's own terms and conditions displayed on website only they are not in breach of User Agreement or otherwise unlawful8. The bidder must also pay for the price to the seller in a reasonable time.

  1. Four ways in which a contract may be discharged.

    commonsense proposition that we do not easily accept that people have made linguistic mistakes, particularly in formal documents. However, a very strict approach is taken to ambiguous exclusion clauses. A valid clause must be clear and unequivocal. Any ambiguity will be interpreted against the person wishing to rely on it.

  2. Invitation To Treat

    Even if the testator mentions in his will that it is irrevocable, the law does not recognize any will as irrevocable. The law permits change of the will as per the discretion of the testator at any time as Will is a document, which can be revoked at any time

  1. I have been asked to advise a client on considering contracting with a building ...

    (Taken from Common Law 1 BPP) The outcome of the case was that she was entitled to the debt with interest. No consideration had been given by the claimant for the waiver of any part of her rights against him.

  2. health and safety legislation and regulation

    * Personal Protective Equipment at Work Regulations 1992: require employers to provide appropriate protective clothing and equipment for their employees. * Provision and Use of Work Equipment Regulations 1998: require that equipment provided for use at work, including machinery, is safe.

  1. Explain what is meant by an unfair term in a contract and describe and ...

    Good faith is likely to require that contracting parties deal with each other in an open and honest way, taking into account their relative bargaining skills.4 In the case of Interfoto Picture Library Ltd V Stiletto Visual Programmes Ltd

  2. In advising Bennys position of the interest over the said property (the flat), it ...

    If there is no evidence of an express intention, but an intention to share could be inferred from the party's conduct14. 3. The claimant is relied on party's conduct that the existence of detriment is so important15. 4. The conduct itself is taken into account in assessing detriment, which is not only "de minimis" amounted to financial contributions16.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work