Assignment 28"Legal Factors Affecting Business"

DEFINE IN DETAIL.

1.    What is Organizational Law?

Organizational law refers to the rules, rights and obligations regulating legal entities such as associations, business corporations and organizations, as well as their creation, structure and administration.

2.    What does Employment Law refer to?

Employment law refers to the laws that regulate the rights and obligations of both employees and employers. It covers issues such as pensions, retirement, employee safety regulations, working conditions, and other matters regarding this relationship.

“Employment Laws means all Laws relating to employment, equal employment opportunity, nondiscrimination, immigration, wages, unemployment wages, hours, benefits, collective bargaining, the payment of social security and similar taxes, occupational safety and health and plant closing”. (Employment Laws Definition, n.d.)

3.    How are Consumer laws defined?

Consumer law refers to all regulations and rules regulating the behavior of buyers, in order to achieve a more equitable marketplace, prevent sellers from using dishonest practices, and ensure that consumers are protected against fraud or false advertising.

“Both state and federal laws play a role in regulating consumer law. These laws range from prohibiting false advertising and imposing product safety measures to regulating debt collection practices and protecting consumers identifying information. Consumers often find themselves needing legal help after falling victim to an online scam, or losing money in financial schemes, such as identity theft or unauthorized credit card charges.” (FindLaw, 2016).

4.    What is Securities Law?

“Securities laws are designed to protect investors, or the people who own securities. Securities laws are designed to ensure investors have accurate information regarding the interests they are buying. They govern how much information investors must receive, including details about the type of interest and its value”. (Study.com, n.d.)

These are laws that regulate financial instruments in order to prevent fraud and market manipulation.

5.    What does Health and Safety at the Workplace refer to?

The standard dictionary definition for Health and Safety is: “regulations and procedures intended to prevent accident or injury in workplaces or public environments”. (SMS Europe, n.d.)

These are all the regulations that seek to prevent any type of accident in the workplace and to maintain the integrity and well-being of employees.

6.    What is Taxation?

Taxation is a term used when an authority imposes financial obligations on a nation's residents.

“The term "taxation" applies to all types of involuntary levies, from income to capital gains to estate taxes…Types of taxes include income, corporate, capital gains, property, inheritance, and sales.”(Kagan, 2021)

REFERENCES

Cambridge Dictionary. (n.d.). Employment Law. https://dictionary.cambridge.org/es-LA/dictionary/english/employment-law

Employment Laws Definition. (n.d.). Law Insider. https://www.lawinsider.com/dictionary/employment-laws

Kagan, J. (2021, May 24). Taxation. Investopedia. https://www.investopedia.com/terms/t/taxation.asp

SMS Europe. (n.d.). What is Health and Safety? | Health and Safety Consultants Leeds. Safety Management Services. https://www.smseurope.co.uk/faqs/what-is-health-and-safety

Study.com | Take Online Courses. Earn College Credit. Research Schools, Degrees & Careers. (n.d.). Study.Com. https://study.com/academy/lesson/securities-law-definition-statutes-penalties.html#:%7E:text=state%20to%20state.-,Lesson%20Summary,shares%2C%20and%20many%20other%20interests.

What is Consumer Law? (2016, June 21). Findlaw. https://www.findlaw.com/hirealawyer/choosing-the-right-lawyer/consumer-law.html