Nobody downloaded yet

ELEMENTS OF COMMERCIAL & CONSUMER LAW - Essay Example

Comments (0) Cite this document
Summary
In relation to the theoretical perspective, Ayres & Braithwaite have critically defined responsive regulation as one of the prominent approaches in order…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.7% of users find it useful
ELEMENTS OF COMMERCIAL & CONSUMER LAW
Read TextPreview

Extract of sample "ELEMENTS OF COMMERCIAL & CONSUMER LAW"

Download file to see previous pages In relation to the concept of Ayres & Braithwaite, the notion of responsive regulation comprises two major interpretations — the ‘tit-for-tat responsive regulation’ and the ‘restorative justice (RJ) responsive regulation’. With this regard, the concepts have been recognised to fetch a major debating subject for the organisations while remaining keen to implement responsive regulations2.
Applying a critical point of view, in order to assess the way of effective persuasion of the model, the paper evaluates the key effectiveness of responsive regulation that can enable an organisation to maintain a strong reputation within a particular market or industry. Correspondingly, to assess the efficacy of the model, the report also describes its effectiveness in response to regulatory powers and responses available under the Consumer Protection from Unfair Trading Regulations 2008.
With reference to an in-depth understanding, the concept of responsive regulation is designed by Ayres and Braithwaite, with the aim of addressing issues associated with the restricted resources. In addition to the observation, the regulation is also developed in order to effectively deal with limitations relating to modest compliance or deterrence execution strategies and efficiently respond towards numerous pluralistic motivations that are likely to be driven by the compliance behaviour of the individuals3.
The key aspects of responsive regulatory concept that highly apprehend the imaginary attributes of the practitioners are often considered as an idea of the responsive regulatory pyramid. It is owing to the fact that interpretation of responsive regulation to the respective practitioners by any individual generally ends by asking them for selecting a regulatory challenge and is likely to bring major conflicts among the practitioners. The scenario is often observed to invite the practitioners to focus on preliminary designing of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“ELEMENTS OF COMMERCIAL & CONSUMER LAW Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
ELEMENTS OF COMMERCIAL & CONSUMER LAW Essay Example | Topics and Well Written Essays - 2000 words. Retrieved from https://studentshare.org/law/1638019-elements-of-commercial-consumer-law
(ELEMENTS OF COMMERCIAL & CONSUMER LAW Essay Example | Topics and Well Written Essays - 2000 Words)
ELEMENTS OF COMMERCIAL & CONSUMER LAW Essay Example | Topics and Well Written Essays - 2000 Words. https://studentshare.org/law/1638019-elements-of-commercial-consumer-law.
“ELEMENTS OF COMMERCIAL & CONSUMER LAW Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/law/1638019-elements-of-commercial-consumer-law.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF ELEMENTS OF COMMERCIAL & CONSUMER LAW

Commercial Law

...?Question One Issue Being Raised Is Blogon Breweries bound to repay the loan from Greendale? The question in the current issue is if Blogon BreweriesPty Ltd is bound to pay the loan from Greendale Bank Co. This communication contains a response on your query stated above. In the situation with Greendale Bank Co with Pierce Hawthorne who is the Finance Manager of Blogon Breweries Pty Ltd can be clarified with the ostensible authority in the agency law. However, there is no current Australian precedent that tackles with your current situation. On the other hand, there are cases in United Kingdom and Singapore that similarly dealt with your situation. In view to this, the following discussion will deal on these cases, and...
13 Pages(3250 words)Research Paper

Commercial Law

...? INSURANCE LAW The Law of Insurance Introduction The law of insurance is an agreement between two parties where one person, known as the insurer, agrees to pay another person, known as the assured, a certain amount of money in case of uncertainty. The assured, has to pay some money each month known as the premium, so that the agreement can be effective. In a real case in a court of law, insurance was defined by “Lawrence, J. in LUCENA v CRAUFURD” as "a contract by which one party in consideration of a price paid to him adequate to the risk becomes security to the other that he shall not suffer loss, damage, or prejudice by the happening of the perils specified to certain things which may be exposed to them (Dobson, 1997... )”. For the...
8 Pages(2000 words)Essay

Commercial Law

..., Motivations and Barriers", Journal of Business Ethics, vol. 115, no. 3, pp. 489-513. Coggins, J.K. & Donohoe, S. 2012, "The validity of adjudicators' determinations containing errors of law", International Journal of Law in the Built Environment, vol. 4, no. 2, pp. 116-125. Dahdal, A. & Gillies, P. 2009, "Characterising the Action In Rem in Australia and the Implications on International Commercial Arbitration", Journal of Maritime Law and Commerce, vol. 40, no. 2, pp. 271-290. Eden, Y. & Sonsino, D. 2006, "Probability Weighting in Damage Claiming Decisions", Journal of Insurance Issues, vol. 29, no. 2, pp. 179-192. Edmond, G. 2004, "Thick Decisions: Expertise, Advocacy...
9 Pages(2250 words)Essay

COMMERCIAL LAW

...to the unregistered employees of a company and black cash is used to pay them. 8. Fictional loans 9. Hiding the money at home or other places 10. Tax evasion and also that legalize unreported assets in tax havens. ANTI-MONEY LAUNDERING IN UK Anti-money laundering is a framework within an organization or a financial industry to describe the methods to control and prevent the money laundering. It came into prominence after the formation of FATF (Financial Action Task Force) and after the promotion of a proper anti-money laundering system. This system gained more prominence in 2000 and 2001 after the FATF began identifying countries that were lacking in their anti-money laundering laws, a process that was known as 'name and...
7 Pages(1750 words)Essay

Commercial Law

...be establish. He will be held liable for the loss suffered by Gill and the institutions involved. References Bayles, M. D. (1990), Procedural Justice. Allocating to Individual, Dordrecht, Kluwer Academic Publisher Dhanrajlal, M and Ratanlal, N, (1999), Code of Criminal Procedures, 12th Edn New Delhi, Wadhwa Emanuel, S. L, (2004), Fundamental of Business Law, 4th Edn, Sydney, Educational Publisher Emerson R. W, (2003), Business Law, 5th Edn, Sydney, Educational Publisher Jertz, A, Miller L. R, (2004), Fundamentals of Business Law, 3rd Edn, Nairobi, Macmillan Publisher Hussain, A, (1993), General Principles and Commercial Law, 1st Edn,...
10 Pages(2500 words)Case Study

Commercial law

...was dealing in the course of business and not as a consumer. The burden lies on Ken’s Motors Ltd. to show that Hussein purchased the car principally for commercial use as a taxi cab. Even if Hussein principally used the car for his personal use and incidentally used it in his business, he would still be regarded as a consumer. In R&B Customs Brokers v United Dominion Trust16 the court was concerned with the purchase of a car by a company which was in business as a freight forwarding agent. The car did not comply with the terms implied by the Sale of Goods Act 1979, section 14(2) and section 14(3). The vehicle was intended for use by the two directors of the company and it was the second...
10 Pages(2500 words)Essay

Commercial law

...in plain language so that consumers can understand them easily. The Law Commission has recently put forth a draft bill dealing with exemption clauses in contracts8 and the need to extend higher levels of protection to customers. This draft bill seeks to bring about an entire overhaul of contractual law where unfair terms in a contract are concerned. Irrespective of whether or not a contract is negotiated individually between a customer and a particular customer or whether it is a standard contract, a reasonableness standard will be applied to assess whether or not exemption clauses can be allowed to stand. Conclusions: On the basis of the above, it may be noted that there are several...
8 Pages(2000 words)Essay

Commercial Law

...Commercial Law Contigrain v Argigus, Hampshire, Industrial, Farmer Giles and Munchy Feed Introduction The legal issues arising under the contracts for the sale of goods between Contigrain and Agrigus as well as the contract between Contigrain and Munchy turn on the question of whether or not the goods in question have effectively passed from the buyer to the seller. The primary legal issues relate to the question of title in each of the cases. The answer to this question will determine whether or not Contigrain is entitled to take possession of the Brazilian peanut extract from the Monrovia and whether or not Contigrain can demand payment in full for the sale of the turnip fibre to Munchy. The purchase...
12 Pages(3000 words)Essay

Commercial law ( commercial contracts )

...which cancels the original offer. A contract is said to be formed only if such counter-offer is accepted. Commercial Contracts –Does it truly mirror the intention of the parties? The common practice is that until acceptance is conveyed to the offeror, it is not valid. Some exceptions in this regard are a) if the offeror has waived the requisite for communication b) when acceptance is communicated by post, it will be effective on posting. Communication sent through fax, telephone, computer, telex or fax is not effective until received by the offeror. Moreover, it is arduous to find when exactly a telex, fax, a message left on a telephone answering machine or e-mail message is actually “received.” Decided case...
6 Pages(1500 words)Essay

ELEMENTS OF COMMERCIAL & CONSUMER LAW

...compliance. Responsive regulation provides a chance for the regulator to understand the intricacies between state regulation and private regulations. This is because the regulator steps aside only to become involved if need be. Good regulation however has to realize the important role played by both self regulation and state regulation and offer room for both2 . Hence formal law ought to incorporate the best commercial practices and serve to entrench those practices. This is what responsive regulation seeks to achieve. Formal law should serve as a basis for the industry to self regulate. Business communities ought to formulate law for themselves with the courts checking...
8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic ELEMENTS OF COMMERCIAL & CONSUMER LAW for FREE!

Contact Us