- •Commercial Law
- •Contents
- •Preface
- •Abbreviations
- •Table of Statutory Provisions
- •Table of Cases
- •1 Introduction
- •1 Introduction
- •2 What is agency?
- •3 Nature and characteristics of agency
- •4 The different types of agency
- •5 Conclusion
- •6 Recommended reading
- •1 Introduction
- •2 The authority of an agent
- •3 Agency by ratification
- •4 Agency of necessity
- •5 Conclusion
- •6 Recommended reading
- •1 Introduction
- •2 Duties of an agent
- •3 Rights of an agent
- •4 Commercial agents and principals
- •5 Disclosed agency
- •6 Undisclosed agency
- •7 Termination of agency
- •8 Recommended reading
- •Introduction
- •1 Introduction
- •2 Background
- •3 Development of the sale of goods
- •4 Equality of bargaining power: non-consumers and consumers
- •5 Impact of the European Union
- •6 Contract of sale
- •7 Contracts for non-monetary consideration
- •8 Contracts for the transfer of property or possession
- •9 Recommended reading
- •1 Introduction
- •2 Background
- •3 Sale of Goods Act 1979, section 12: the right to sell
- •4 Sale of Goods Act 1979, section 13: compliance with description
- •5 Sale of Goods Act 1979, section 14(2): satisfactory quality
- •6 Sale of Goods Act 1979, section 14(3): fitness for purpose
- •7 Sale of Goods Act 1979, section 15: sale by sample
- •8 Exclusion and limitation of liability
- •9 Acceptance
- •10 Remedies
- •11 Recommended reading
- •1 Introduction
- •2 Background to the passage of property and risk
- •3 Rules governing the passage of property
- •4 Passage of risk
- •5 The nemo dat exceptions
- •6 Delivery and payment
- •7 Remedies
- •8 Recommended reading
- •1 Introduction
- •2 Background
- •3 Provision of Services Regulations 2009
- •4 Supply of Goods and Services Act 1982
- •5 Recommended reading
- •1 Introduction
- •2 Background
- •3 Electronic Commerce (EC Directive) Regulations 2002
- •4 Distance selling
- •5 Recommended reading
- •Introduction
- •1 Introduction
- •2 CIF contracts
- •3 FOB contracts
- •4 Ex Works
- •5 FAS contracts
- •6 Conclusion
- •7 Recommended reading
- •1 Introduction and background
- •2 Structure and scope
- •3 UNIDROIT Principles of International Commercial Contracts
- •4 Conclusion
- •5 Recommended reading
- •1 Introduction and background
- •2 Open account
- •3 Bills of exchange
- •4 Documentary collections
- •5 Introduction to letters of credit
- •6 Factoring
- •7 Forfaiting
- •8 Conclusion
- •9 Recommended reading
- •1 Introduction
- •2 Hague and Hague-Visby Rules
- •3 Charterparties
- •4 Time charterparty
- •5 Common law obligations of the shipper
- •6 Common law obligations of the carrier
- •7 Bills of lading
- •8 Electronic bills of lading
- •9 Conclusion
- •10 Recommended reading
- •Introduction
- •1 Introduction
- •2 Background
- •3 Development of negligence
- •4 The move to strict liability
- •5 Types of defect
- •6 Developments in strict liability
- •7 Recommended reading
- •1 Introduction
- •2 Personnel
- •3 Meaning of ‘product’
- •4 Defectiveness
- •5 Defences
- •6 Contributory negligence
- •7 Recoverable damage
- •8 Limitations on liability
- •9 Recommended reading
- •Introduction
- •1 Introduction
- •2 Background
- •3 Enforcement strategy
- •4 Criminal law controls
- •5 Civil law enforcement
- •6 Recommended reading
- •1 Introduction
- •2 Scope of the 2008 Regulations
- •3 Prohibition against unfair commercial practices
- •4 Codes of practice
- •5 Misleading actions
- •6 Misleading omissions
- •7 Aggressive commercial practices
- •8 Commercial practices which are automatically unfair
- •9 Offences
- •10 Recommended reading
- •1 Introduction
- •2 Background
- •3 Controls over misleading advertising
- •4 Comparative advertising
- •5 Promotion of misleading or comparative advertising
- •6 Recommended reading
- •1 Introduction
- •1 Introduction
- •2 History of banking regulation: early policy initiatives
- •3 New Labour and a new policy
- •4 The Financial Services Authority
- •5 The Coalition government
- •6 Conclusion
- •7 Recommended reading
- •1 Introduction
- •2 What is a bank?
- •3 What is a customer?
- •4 Bank accounts
- •5 Cheques
- •6 Payment cards
- •7 Banker’s duty of confidentiality
- •8 Banking Conduct Regime
- •9 Payment Services Regulations 2009
- •10 Conclusion
- •11 Recommended reading
- •1 Introduction
- •2 European banking regulation
- •3 The Financial Services Authority
- •4 Financial Services Compensation Scheme
- •5 Financial Ombudsman Scheme
- •6 Financial Services and Markets Tribunal
- •7 The Bank of England
- •8 Bank insolvency
- •9 Illicit finance
- •10 Conclusion
- •11 Recommended reading
- •1 Introduction
- •1 Introduction
- •2 Evolution of the consumer credit market
- •3 Consumer debt, financial exclusion and over-indebtedness
- •4 Irresponsible lending
- •5 Regulation of irresponsible lending
- •6 Irresponsible borrowing
- •7 Ineffective legislative protection for consumers
- •8 A change of policy
- •9 Lessons from the United States
- •10 Conclusion
- •11 Recommended reading
- •1 Introduction
- •2 Crowther Committee on Consumer Credit
- •3 Consumer Credit Act 1974
- •4 Formalities
- •5 Cancellation of agreements
- •7 Documentation of credit and hire agreements
- •8 Matters arising during the currency of credit or hire agreements
- •9 Credit advertising
- •10 Credit licensing
- •11 Unfairness test
- •12 Other powers of the court
- •13 Financial Ombudsman Service
- •14 Enforcement
- •15 Consumer Credit Directive
- •16 Conclusion
- •17 Recommended reading
- •Bibliography
- •Index
180 E-commerce and distance selling
Q5 Review the cancellation provisions of the Consumer Protection (Distance Selling) Regulations 2000 and analyse whether they achieve an appropriate balance between the protection of the consumer and the rights of the trader.
5â Recommended reading
Butler, M. and Darnley, A. ‘Consumer acquis: proposed reform of B2C regulation to promote cross-border trading’ (2007) Computer and Telecommunications Law Review 109
Chissick, M. and Kelman, A. Electronic Commerce Law and Practice (3rd edn, Sweet & Maxwell, London, 2002)
Department for Business, Enterprise and Regulatory Reform Consultation on EU Proposals for a Consumer Rights Directive (London, 2008)
Dobson, P. and Stokes, R. Commercial Law (7th edn, Sweet and Maxwell, London, 2008) Hall, E. ‘Cancellation rights in distance-selling contracts for services: exemptions and
consumer protection’ (2007) Journal of Business Law 683
Harrington, J. ‘Information society services: what they are and how relevant is the definition?’ (2001) Journal of Business Law 190
Lodder, A.R., and Kaspersen, H.W.K. (eds.) eDirectives: Guide to the European Union Law on E-Commerce (Kluwer Law International, London, 2002)
Kono, T., Paulus, C.G., and Rajak, H. (eds.) Selected Legal Issues of E-Commerce (Kluwer Law International, The Hague, 2002)
Howells, G. and Weatherill, S., Consumer Protection Law (2nd edn, Ashgate Publishing Ltd, Aldershot, 2005)
Singleton, S. eCommerce: A Practical Guide to the Law (Gower Publishing Ltd, Aldershot, 2003)
â ‘Proposed Consumer Rights Directive’ (2008) 31 Consumer Law Today 10(8)
â ‘Proposed changes to distance-selling rules’ (2009) Consumer Law Today (Feb.) 8
â ‘Proposed new EU laws: Consumer Rights Directive’ (2008) 16 IT Law Today, 10(1) Warner, J. ‘The new E.C. Regulations’ (2002) Company Lawyer 313
Distance selling divides into two parts, traditional distance selling via magazines, Âadvertising, etc., and the increasing market of selling via the Internet. The book edited by Lodder and Kaspersen and the one by Singleton provide a good discussion of controls over e-commerce.
Part 3
International Trade and Sales
Introduction
Part 3 deals with the issues relating to international trade and sales. Every day, many business people rely on the certainty of the laws and rules relating to international trade to govern their obligations, provide remedies and resolve disputes.
Chapter 1 deals with the relevance of standard trade terms in international contracts. Trade terms such as CIF and FOB will be examined along with the relevance of INCOTERMS. These terms, which have developed through practice and customs have been recognised and given legal effect by the English courts. They have served a useful purpose over the years as they reflect the intent of the parties and help to determine the rights and obligations of the buyer and seller, as well as rules relating to the passing of property and risk.
Chapter 2 examines the role of the UN Convention on Contracts for the International Sale of Goods 1980 (CISG). This Convention has been widely used and recognised by many countries, including important trading nations such as the United States, China and most of the European Union. The CISG has been hailed as a success in that it strives to achieve a balance between the interests of the buyer and seller in sale of goods transactions. This chapter will examine the scope of the Convention, the obligations of the parties as well as the available remedies.
Chapter 3 looks at the various methods of payment available to the parties to finance international trade. As these transactions usually involve large sums of money with parties unknown to each other, located in different countries, rules governing the method of payment and other aspects of these transactions are essential. This chapter looks at the rules surrounding letters of credit as well as other means of payment such as factoring and forfaiting.
Chapter 4 examines the importance of carriage of goods by sea in international trade. We examine various types of contracts of affreightment such as charterparties and bills of lading. Legislative instruments such as the HagueVisby Rules, which have been incorporated in the United Kingdom through the Carriage of Goods by Sea Act 1971, will be discussed. This chapter also looks at the role of freight in sea carriage and the emergence of electronic bills.