Business Law

One of the Specialist Units which count towards your BTEC Level 5 HND in Business.

• Aim
The aim of this unit is to provide knowledge and application of the law relating to sale of goods, consumer credit, monopolies and intellectual property as it relates to business and its everyday dealings.
• Unit abstract
Learners will recognise that a business operates within a diverse legal framework. Aspects such as anti-competitive practices through monopolies, mergers and the use of intellectual property rights are key, as are domestic consumer provisions and associated provisions within the EU.
Learners need to understand the penalties applicable for failure to comply with these areas of law that follow from the basic rules of contract and tort. The best business practice is to avoid such liability. Learners need to understand potential liability and the expense involved in such liability needs to be appreciated.
• Learning outcomes
On successful completion of this unit a learner will:
1 Be able to apply the main principles affecting the legal relationship between business organisations and their consumers
2 Be able to apply the legal rules on consumer credit agreements and agency
3 Understand the legal rules relating to monopolies, mergers and anti-competitive practices
4 Know key provisions relating to intellectual property rights.

 

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