Business Organisation and Law

This is a summary of the course business organization and law. This summarizes the things we learned in class, including powerpoints handed out by the teacher. We did not have a book for this class.

These are the notes I took in class including some exercises from the block book we did in class.

Business Organization and Law Hogeschool Zuyd year 1 block 3. Based on the ppt's and the blockbook handed out by the teacher.

Business Organisation & Law summary for first year students at International Business

International Business - Hogeschool Zuyd Year 1 - Block 1.3 Entrepreneurship Business Organization & Law Summary: - All the weeks summearized including the answers to the questions. - The mock exam is completely answered. - Everything that is BOLD in pink is very important for the exam.

The law has three functions: - It provides rules to solve conflicts - It has a regulatory function. Rules and regulations on the basis of which society is organized. - What we wish to achieve with law: a society for everybody, protection of the weaker party and a society in which everybody’s interests are respected. This will be often determined by political choices International law Values and standards of society vary in the world. There is no single world government to make and enfor...

Some relationships can be valued in terms of money. This part of private law is called property law in general. Property law can be divided in 1. Law of obligations (contract and tort) 2. Property law (real property and property rights) The law of obligations concerns all obligations a person (or company) can have. Obligations legal bond between parties. An obligation is a legal relationship between two or more persons on the grounds of which one party has the obligation to produce / perform an...

Definition of a contract of sale Sale: “the agreement under which one of the parties undertakes to deliver a thing and the other party to pay a price in money in return”. As such sale is a reciprocal contract. The seller commits to handing over an object and the buyer commits to paying the price. Both have an individual obligation. Good are things and property rights. A thing is a physical object (tangible) which is subject to human control”. Things are further divided into: 1. Movable p...

The meaning of the term “wrongful (unlawful) act” (tort): states that someone who commits a wrongful act unto another, shall be responsible for the compensation of the resulting damages. A wrongful act can be defined as doing or neglecting to do something which is contrary to either written or unwritten law. A ‘wrongful’ act tells us that wrongful conduct can arise under three situations: 1. Violating someone else’s right When someone drops a vase belonging to someone else, she viol...