Business Law Essentials Quiz

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ThrilledGyrolite
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22 Questions

What are the elements required for a legally valid contract?

What are the possible reasons for termination of a legal contract?

What are the remedies for breach of a legal contract?

What are the potential causes of industrial disputes?

Name some non-legislative solutions to industrial disputes.

What does the Industrial Relations Act 1990 (INDRA 1990) define?

List some legal industrial actions as per INDRA 1990.

What does the Unfair Dismissals Act 1977-2015 (UDA 1977-2015) outline?

What are the grounds for fair dismissal under UDA 1977-2015?

What are the dismissal procedures under UDA 1977-2015?

Define constructive dismissal and explain the burden of proof on the employee.

What are the eight grounds for deeming dismissals unfair according to the text?

Under the Employment Equality Act 1998-2015, what are the nine grounds for discrimination?

What does the Workplace Relations Commission (WRC) investigate and what services does it offer?

Explain the small claims procedure and its application.

What is the role of the Ombudsman in resolving consumer complaints?

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

According to the Sale of Goods and Supply of Services Act 1980, what are the provisions for goods and services?

Explain the guarantees provided under the Sale of Goods and Supply of Services Act 1980.

What are the prohibited practices under the Consumer Protection Act 2007 (CPA 2007)?

What are the pricing rules outlined in the Consumer Protection Act 2007 (CPA 2007)?

Explain the role and mandate of the CCPC in Ireland.

Summary

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.

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.

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