Commercial law Essay Example | Topics and Well Written Essays - 2000 words - 6

Commercial law - Essay Example This explains the reasons why people in commercial undertakings consult legal minds2 on various ways through which they secure themselves as well as their businesses from unwarranted losses. In this case, protection takes different formats. The aim of taking protection measures is to make sure that the commercial person gets particular property and rights that will offer enough compensation to him or her just in case another member in the transaction fails in the obligations assigned to him or her by the contract for any reason. For instance, Arthur agreed to sell to David who resides in Paris five thousand tones of unrefined sugar imported from Jamaica. The fear in this context comes in two perspectives3. First Arthur would fear that David could not pay his money either in full, not all, or delay the payment. This is from the viewpoint of the supplier4. The second fear pertains to the receiver. David would fear that Arthur would fail to supply the right quality of sugar, pack less quantity, delay delivery, or fail to deliver completely5. The right ways of taking security including the receiver withholding payment until reception of the goods is one of the alternatives available to the receiver. On the other hand, the supplier would ask for payment before making any deliveries to take of uncertain eventualities6. To safeguard his rights, Arthur could stipulate in the contract that he remains the absolute owner of the sugar until payment is cleared. In case, Arthur has more needs for the money he could stipulate that the money goes to a specific agency before delivering the sugar to David7. However, in this case, David is one the receiving end because he was the receiver who received sugar8 outside the agreed time to a level that the market price is now half the officially estimated one. If one follows proper restructuring, trusts are the best means by which participants in commercial enterprises can take security. First, trusts work in dealings

Decline in Trade Unionism and Strike Activity Coursework

Decline in Trade Unionism and Strike Activity - Coursework Example For decades, trade unions have played an important role in Europe as organizations that work to provide common goals for workers, offering traditional functions to its members such as collective bargaining, organized strikes, and support for unfair dismissal. In the UK, for example, the â€Å"Trade Union Congress† (TUC), which is an organization of British trade unions, was founded in 1868, and has since then, become a powerful institution in industrial relations.Trade unions have been commonly associated with strike-related activities since the 11900s but the instances of trade unions and strikes has evolved and changed dramatically since this period (Aligisakis, 1997). Participation in trade unions and strike activity are considered to be two important aspects of industrial relations in any country.   In the majority of European countries, trade unionism and the level of strike activities has experienced a continuous decline since the 1980s. Over the last three decades, a series of global changes have weakened the power of trade unions. These changes are responsible for the decline in trade unionism and fall in strikes, and the reasons for these changes will be explored in this paper. Attempts will also be made to examine whether any relation exists between the decline in trade union membership and strikes. Before embarking on discussing the issues mentioned above, one should look at the trend in trade unionism as well as strikes in European countries, particularly in Germany, France, Great Britain, and Sweden, as this is essential in finding out the relationship between the decline in trade union membership and strikes. These countries have been chosen as they represent the widest spectrum of industrial relations.