Business Law Essentials Quiz

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Questions and Answers

Which element is NOT required for a legally valid contract?

Consideration

Consent to contract

Legality of purpose

Negotiation (correct)

What are the legal industrial actions as defined by the Industrial Relations Act 1990?

Wildcat strikes, boycotts, and sympathy strikes

Official strikes, work-to-rule, and go-slows (correct)

Informal strikes, partial strikes, and sit-ins

Blue flu, work-in, and sick-ins

What are the non-legislative solutions to industrial disputes?

Mediation, litigation, and injunctions

Arbitration, adjudication, and expert determination

Strike, picketing, and boycotts

Personal approach, negotiation, and conciliation (correct)

What can lead to the termination of a legal contract?

Agreement and breach Signup and view all the answers

Who are considered stakeholders in a business?

Investors, employees, and interest groups Signup and view all the answers

What are the remedies for breach of a legal contract?

Specific performance, financial compensation, and rescinding the contract Signup and view all the answers

What defines unfair dismissal under the Unfair Dismissals Act 1977-2015?

Termination without just cause Signup and view all the answers

What are the elements required for a legally valid contract?

Offer, acceptance, agreement, and legality of form Signup and view all the answers

What can lead to industrial disputes?

Pay, working conditions, and redundancy Signup and view all the answers

What is the burden of proof in cases of unfair dismissal?

On the employer to prove the dismissal was not unfair Signup and view all the answers

Under the Employment Equality Act 1998-2015, what constitutes constructive dismissal?

When working conditions or treatment become intolerable, leading to the employee's resignation Signup and view all the answers

What is the role of the Workplace Relations Commission (WRC)?

Advisory, conciliation, mediation, and investigation services Signup and view all the answers

What is the purpose of the Small Claims Procedure?

To address unresolved consumer conflicts with a low-cost, informal process Signup and view all the answers

What is the function of the Ombudsman in Ireland?

To investigate consumer complaints against public bodies Signup and view all the answers

Under the Sale of Goods and Supply of Services Act 1980, what does 'merchantable quality' refer to?

Goods that are fit for the purpose intended and as described Signup and view all the answers

What does the Consumer Protection Act 2007 prohibit?

Cold calling and misleading practices Signup and view all the answers

What are the functions of the Competition and Consumer Protection Commission (CCPC) in Ireland?

Enforcing consumer protection and competition laws, conducting research, and advising the government Signup and view all the answers

What is the purpose of the Competition and Consumer Protection Commission's research?

To understand consumer behavior and outcomes to help consumers realize possible savings Signup and view all the answers

Under the Consumer Protection Act 2007, what must pricing rules be inclusive of?

Fees, taxes, and charges Signup and view all the answers

Study Notes

Key Terms and Legal Framework in Business

Stakeholders include entrepreneurs, investors, employers, employees, managers, producers, suppliers, service providers, consumers, government, and interest groups.
Relationships between stakeholders can be competitive or cooperative, with different benefits and goals.
A legally valid contract requires elements such as offer, acceptance, agreement, consideration, legality of form, consent to contract, capacity to contract, legality of purpose, intention to contract, and conditions and warranties.
Termination of a legal contract can occur due to frustration, performance, agreement, or breach.
Remedies for breach of a legal contract include specific performance, financial compensation, and rescinding the contract.
Industrial disputes can arise from pay, working conditions, redundancy, technology, union recognition, unfair dismissal, and discrimination.
Non-legislative solutions to industrial disputes include personal approach, negotiation, conciliation, and arbitration.
The Industrial Relations Act 1990 (INDRA 1990) defines trade disputes, secret ballots, picketing rules, and types of industrial action that are legal.
Legal industrial actions include official strikes, work-to-rule, overtime bans, token stoppages, and go-slows.
The Unfair Dismissals Act 1977-2015 (UDA 1977-2015) outlines definitions of unfair dismissal, fair dismissal grounds, steps for dismissal, and unfair dismissal redress.
Fair dismissal can be based on capability, qualifications, misconduct, redundancies, and legal reasons.
Dismissal procedures under UDA 1977-2015 include warnings, investigations, and the right to be accompanied.

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Description

Test your knowledge of key terms and legal framework in business with this quiz. Explore concepts such as stakeholders, legal contracts, termination, remedies for breach, industrial disputes, and the legislative framework surrounding industrial actions and unfair dismissals. Brush up on important business law concepts and enhance your understanding of the legal aspects of business operations.