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The Legal Environment: Business Law and Government Regulation

The Legal Environment: Business Law and Government Regulation. Contract Principles. A complete contract covers all material items to be enforced. Past contractual practices have legal weight in a contract dispute. As a buyer, you can reject goods that do not meet specs or are defective.

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The Legal Environment: Business Law and Government Regulation

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  1. The Legal Environment:Business LawandGovernment Regulation

  2. Contract Principles • A complete contract covers all material items to be enforced. • Past contractual practices have legal weight in a contract dispute. • As a buyer, you can reject goods that do not meet specs or are defective. • As a seller, you are entitled to prompt notification of shipment acceptance or rejection. • Courts will likely interpret unclear terms against the party who wrote the contract.

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