Business laws from the book “Business law Today” part five
Introduction
In business, some terms and conditions govern how companies operate in different fields. The laws are set with the aim of maximizing the profits which are made through business, therefore minimizing the losses. On the other hand, business laws enhance smooth and productive collaboration in matters of business operations. According to the manuscript (Business law Today) section 5, these business laws are well analyzed. The paper describes Business laws from the book “Business law Today” part five.
In chapter five, “Business law today,” the authors have stated the term that should be applied in business in the modern days. To begin with, a trade name, a well-organized company, should be entitled. Business titles facilitate transactions to be easily identified and also purposes to their registration in revenue authority (Miller, 2016). The owner of the business should also have a license, which is the ownership of the industry. The permit identifies the location of the company too. Thirdly business certification mark is also applicable in business.
Certification is used by one or more people other than the owner in a business. The benefits of the certification marks are to confirm the area, resources, and mode of production, value, or any other feature of specific properties. Fourthly there is the service law; the law is used to differentiate services relative to goods in a different company or people (Rockers, 2016). Business operators should have product liability. Product liability covers individuals’ claims on individual or goods damages caused by the use of the product.
Conclusion
Regarding the standard edition (Business to Today) chapter five, the above are some of the business law which are influential in modern days business operation. The rules facilitated the production of quality, goods, and better services. For any success in business, the laws should be strictly considered and applied in all business activities.