Business Law Essentials Quiz

Offer = A proposal made by one party to another party indicating a willingness to enter into a contract Consideration = Something of value exchanged between parties to a contract, often money or goods Capacity to contract = The legal ability to enter into a contract, typically involving age and mental capacity Intention to contract = The willingness and purpose to create legal relations and be bound by the terms of the contract

Frustration = Occurs when an unforeseen event makes the contract impossible to fulfill or radically different from what was originally agreed Performance = Completion of the agreed terms and obligations in the contract Agreement = Mutual consent of the parties to end the contract Breach = Failure to fulfill the terms and obligations of the contract, leading to legal consequences

Redundancy = The elimination of a job role due to factors such as business closure, technological changes, or organizational restructuring Union recognition = The acknowledgment of a trade union by an employer for the purpose of collective bargaining and representation of workers Unfair dismissal = Termination of employment that is considered to be unjust, unreasonable, or disproportionate Discrimination = Treating someone unfavorably due to characteristics such as race, gender, age, disability, or religion

<p>Negotiation = Parties engage in discussions to reach a mutually acceptable agreement without the involvement of a third party Conciliation = Involves a neutral third party assisting the disputing parties in reaching a resolution, but the third party does not impose a decision Official strikes = Organized withdrawal of labor by a group of workers to address grievances or disputes with the employer Token stoppages = Brief, intermittent stoppages of work to demonstrate dissatisfaction or protest without causing significant disruption</p> Signup and view all the answers

<p>Capability = Inability to perform the job to the required standard or due to health reasons Misconduct = Inappropriate behavior or actions that violate company policies or employment standards Redundancies = Elimination of a job role due to factors such as business closure, technological changes, or organizational restructuring Legal reasons = Termination of employment due to statutory or legal requirements</p> Signup and view all the answers

<p>Counselling = Providing guidance and support to an employee Formal Written Warning = Officially notifying an employee of poor performance or misconduct Final Written Warning = Last official warning before dismissal Inform of Dismissal in Writing = Officially notifying an employee of termination</p> Signup and view all the answers

<p>Unfair Dismissal = Termination deemed unjustified with burden of proof on employer Constructive Dismissal = Resignation due to intolerable working conditions, burden of proof on employee Discrimination = Treating someone less favorably based on specific grounds Harassment = Unwelcome and offensive conduct on discriminatory grounds</p> Signup and view all the answers

<p>Workplace Relations Commission (WRC) = Investigates EEA 1998-2015 complaints and provides various services The Labour Court = Investigates complaints as a court of last resort and hears WRC adjudication appeals Ombudsman = Investigates consumer complaints against public bodies and acts independently Competition and Consumer Protection Commission (CCPC) = Enforces consumer protection and competition law, and has various functions</p> Signup and view all the answers

<p>Provisions For Goods = Sets standards for the quality and description of goods Provisions For Services = Specifies qualifications and care standards for service providers Guarantees = Additional protection given to consumers on top of legal rights Signs Limiting Consumer Rights = Restrictions on displaying signs that reduce legal rights or liability</p> Signup and view all the answers

<p>Unsolicited Goods/Inertia Selling = Sending unordered goods or demanding payment for unsolicited goods Retailer Is Responsible = The retailer, not the manufacturer, is responsible for fixing consumer issues Redress Available = Options available to consumers for resolving issues with purchased goods or services Competent Authority = Authority responsible for enforcing consumer protection and competition law</p> Signup and view all the answers

<p>Misleading Practices = Includes misleading claims and advertisements, as well as withholding information Prohibited Practices = Activities such as cold calling, pyramid schemes, and false claims prohibited by law Pricing Rules = Requirements for clear and accurate pricing, inclusive of fees and charges Aggressive Selling Practices = Prohibition of harassment, coercion, or undue influence in selling</p> Signup and view all the answers

<p>Informing The Consumer = Provides information online and on social media accounts Enforcing Consumer Law = Issues compliance notices, fines, and prohibition orders Conducting Research Into Consumer Issues = Researches consumer behavior and outcomes to help consumers realize possible savings Advising The Government = Highlights consumer issues and suggests law changes to the government</p> Signup and view all the answers

<p>Enforcing Competition Law = Can take legal proceedings against EU and Irish law breakers Assessing Mergers = Examines potential mergers and acquisitions to prevent monopolies Competent Authority = Authority responsible for enforcing consumer protection and competition law Resolving Consumer Complaints = Dual mandate to enforce consumer protection and competition law, with various functions</p> Signup and view all the answers

<p>Provisions For Goods = Sets standards for the quality and description of goods Provisions For Services = Specifies qualifications and care standards for service providers Guarantees = Additional protection given to consumers on top of legal rights Signs Limiting Consumer Rights = Restrictions on displaying signs that reduce legal rights or liability</p> Signup and view all the answers

<p>Unfair Dismissal = Termination deemed unjustified with burden of proof on employer Constructive Dismissal = Resignation due to intolerable working conditions, burden of proof on employee Discrimination = Treating someone less favorably based on specific grounds Harassment = Unwelcome and offensive conduct on discriminatory grounds</p> Signup and view all the answers