While there are lots of authors who are argued in favour of this codification since two centuries, practitioners and business in the English community had always been afraid about this idea. To understand the context of this debate, I will, first, briefly explain what do we generally mean by the term ‘codification’. Then, I’ll take few points about the origins of English commercial law and describe its modern definition. Finally, I will outline the main arguments why I am against the proposition of a commercial
In the article, “The Possible Benefits of the Federal Trade Commission” by Alexander W. Smith, it addresses competition in trade as warfare, and furthermore, it notes how the Federal Trade Commission is for the people (1916). This means the sum of all of the businesses, government, and politics must be regulated by the Federal Trade Commission in order to be serving the public’s best interests (Smith 1916). Smith argues the “obvious cause of the trust problem is the unlimited power to create corporations now lodged in the several states with no adequate power vested anywhere to control them” (1916). Based on this statement, it reiterates the importance how if there is not enough regulation for corporations, the public will suffer due to the
One of the main causes of consumerism is directly related to one’s social status and the portrayal of one’s self image. Today’s society has defined what one must have in order to keep up with a particular trend or to represent a higher class. In a New York Times article, Juliet Schor wrote, “Driving a certain type of car, wearing particular designer labels, living in a certain kind of home, and ordering the right bottle of wine all create and support a particular image” for those heavily concerned about social status. Now, it no longer becomes a matter of “making ends meet” but instead a competition to see who has the newest “this” or the biggest “that”. As a result, consumers are facing issues with extreme materialism, leading to overspending.
Individuals should not have right to pay for their own medical procedures in a privately funded system to prevent inequality
There are some Muslims who say that Brisbane is a “paradise” for Muslims in comparison with other parts of the world (Akbar, 2016), however, this does not mean that there are no cases of discrimination against Muslims by non-Muslim Australians who base their views on negative portrayals of Muslims in the media. Mirza Uzair Akbar, an Imam at Holland Park Mosque, along with many Muslims in Brisbane (as well as Australia) has labelled the media as the source of public ignorance, stating “the media and information in news has a lot to do with discrimination, it’s how certain groups are portrayed” (Akbar, 2016).
Consumer protection laws are set up to regulate reserved law relationships between individual consumers and the businesses that retail goods and services. They aim to safeguard the rights of consumers as well as sensible trade competition. The government normally require businesses to disclose well in depth information about their products especially concerning welfare and public health.
It was also referred to in important cases such as In the Matter of Fortescue Metals Group Limited case where the court revisited the concept of substitution; economical concepts like cross price elasticity, geographic market etc; and competition law concepts such as hypothetical monopolistic test, significant market power. This said case borrowed heavily from the QCMA judgment. The market definition laid down in the QCMA case has been echoed in many other judgments such as Queensland Wire Industries Pty Ltd v Broken Hill Pty Co Ltd and in Boral Besser Masonry Ltd v ACCC. It was only after the QCMA judgment, Section 4E was inserted by the Trade Practices Amendment Act 1977 to give statutory recognition to the concept of substitution.
In an ideal world, consumers and companies would equally share the burdens of product liability and consumer responsibility. However, in the real world, we must make tradeoffs between these two. How we do this will not only affect our legal environment, but our economic and social environments as well.
The Trade Practices Act 1974 protects consumers against unfair business practices such as misrepresenting the quality, origin or characteristics of products. It also prevents businesses from artificially restricting competition coined 'restrictive trade practices'. The Fair Trading
Australian Prudential Regulation Authority (APRA) is take charge of prudential supervision of financial institutions and promoting the stability of financial system in Australia. Australia Securities and Investment Commission (ASIC) is take charge of financial market integrity, consumer protection, business disclosure and conduct in the financial system. APRA and ASIC are ensure coordination of issues related to the stability of financial system. They work together with the Commonwealth Treasury and organize the Council Financial Regulators that provides suggestion to the Australian Government on the sufficiency of Australia’s financial regulatory arrangements (Australian Prudential Regulation Authority n.d.). APRA is responsible to Australia’s
Australia has legislation that specifically applies to consumer sales including online sales. Australian consumer protection laws and the privacy laws have a large umbrella and apply to all sales of goods and services to Australians irrespective of where the business is located. In Australia, the Australian Consumer and Competition Commission (‚¬"ACCC‚¬) is currently beginning to review and check websites to ensure that they are abiding by consumer law requirements as well as privacy requirements. To satisfy these laws you need to ensure you meet the consumer and privacy law requirements with respect to your terms and conditions on guarantees and warranties as well as the latest updated privacy laws for your online business.
x the Australian retail market has changed dramatically over the past decades (insert evidence) with a shift from in store purchases to a digital platform. With more consumers now choosing to purchase online, retail brands have had to move with the times. The general retail market had a stronghold in … to a decline in … due to pressures and consequences internationally from the GFC. However The luxury market in Australia saw growth of 24% in 2008 and 22% in 2009 during the GFC.
Around 260,000 Canadians died last year. Not surprisingly, people aged 65 and over made up the majority of this number. With the advance of modern medicine, life expectancy in first world countries has increased drastically, extending the average life expectancy by 11.5 years over the last four decades. (refs) The average Canadian woman born after 2007 can live up to 84 years, an unimaginable improvement compared to a few decades ago, yet for modern medicine, this seems too soon.
As Shani and Sandler have put across, ‘Ambush Marketing’ is viewed, as both ‘illegal’ and ‘immoral’. The earlier part of the paper discussed the legal issues, in this part of the paper the focus on the existing ethical controversies. The law regulates and the enacting of legislation solves the legal controversies. Thus the focus of this part of the paper is on the remedy for ethical controversy.