Section A: The Legal System

Question 1

What are the legal constraints on business?

Consider revising the wording of this Q

Answer 1

• Fair Trading Act

- Business Codes of Ethics (e.g. Advertising Standards)

Question 2

What are the 3 sources of Law?

Not sure if 100% correct

Answer 2

• Legislation (AKA Acts, Statutes, Delegated Legislation)
• Case Law (Made by the courts in an incremental way)
• Conventions/Customs (Non enforceable)