Legal Factors Flashcards

1
Q

What is the national minimum wage?

A

The minimum pay per hour that workers are entitled to by law, it is reviewed yearly by the government. The rate for each age group is different

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2
Q

What is the National Living Wage?

A

A pay rate for those aged 25 and over

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3
Q

What is the consumer rights act of 2015?

A

The goods you buy must be of a satisfactory quality, fit for purpose and match their description

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4
Q

What are the consequences for failing to comply with the consumer rights act?

A

Fines, bad reputation, compensation to the customer, reimbursement to the customer

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5
Q

What is intellectual property?

A

Intangible property that is the result of creativity

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6
Q

What is a trademark?

A

A company can register for a trademark for its business logo, slogan, name and other things that specifically identifies with that brand

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7
Q

What is meant by copy right?

A

Legal protection against copying for authors, composers and artists.

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8
Q

What are the consequences for not complying with the right to intellectual property, trademarks, copyright

A

Compensations, court settlements, legal costs

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9
Q

What is contract law?

A

A Legally binding agreement between two or more parties; the contract is binding in both parties

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10
Q

What are the consequences for breaking contract law?

A

Compensation so the aggrieved party can recover damages

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11
Q

What is the weights and measures act of 1985?

A

A business can not give “short measures” or an incorrect indication of how much of a good is on sale

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12
Q

What are the consequences for breaking the weights and measures act?

A

The business can be taken to court and bad reputation

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13
Q

What is the Data Protection Act of 1988?

A

Controls how businesses use and store customers and employees personal information

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14
Q

What are the consequences for not complying with the data protection act?

A

Fines up to £500,000 and a negative reputation

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15
Q

What is the health and safety act of 1974?

A

Businesses have a “duty to take reasonable care of their employees”

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16
Q

What are the consequences for not complying with the health and safety act?

A

Court case and compensation and rectify any breaches made

17
Q

What is the smoking in the workplace act of 2007?

A

Public places used by more than one person are smoke free zones, smoking rooms are not allowed, smoking can only be done off the premises

18
Q

What are the consequences for breaching the smoking in the workplace act?

A

Prosecution and fines

19
Q

What is planning legislation?

A

You need to have permission granted if you want to build or change the use of a property

20
Q

What would happen if someone didn’t have planning permission and build or changed the use of a building?

A

An enforcement notice would be given

21
Q

What is an enforcement notice?

A

The person who breached planning permission will have to reverse what they did or appeal it

22
Q

What does the FCA stand for?

A

Financial Conduct Authority

23
Q

What do the FCA do?

A

Regulate 59,000 financial service firm businesses in the UK

24
Q

How do the FCA protect customers?

A

Provide information and letting customers know their rights

25
Q

How do the FCA improve businesses?

A

They make businesses have morals and a good reputation if they are following regulations

26
Q

What is the clean air act of 1956?

A

Into of smoke free zones meant non smoke emitting fuels would be burnt

27
Q

What did the clean air act 1956 focus on?

A

Reducing smoke pollution

28
Q

What was the impact of poor air quality?

A

Contributes to 40,000 deaths a year and costs £22bn per year

29
Q

What are the main principles of the climate change act?

A

Greenhouse gas reduction and climate change risks are prepared for