Legal Rights of Buyers and Sellers Case Study Example | Topics and Well Written Essays - 1500 words

Legal Rights of Buyers and Sellers - Case Study Example In Office of Fair Trading's (OFT) website any person can see the consumer rights forum and can use for his rightful purpose. This paper presents about the rights that are applicable to a consumer and a seller. If both parties are in dispute regarding the product they can approach OFT or court. After making an enquiry court will rule in favour of the party that follows the rules and regulations. Lets look at the present case. Bigbeef Ltd is in the business of butchery trade as a wholesale supplier of fresh meat. While supplying the products they give customers a detailed description of the standard terms and conditions of trading which has to be strictly followed. It includes a clause. According to this clause until buyer pays the amount in full the ownership of the goods supplied will remain with the seller, which in this case is Bigbeef Ltd. If the buyer hasn't paid in full or paid some amount then the seller has every right to take action by recovering and selling the goods and may enter buyer's premises for that purpose. Afterwards legal action would be taken against the buyer to recover the dues. Before the payment of the dues if the buyer alters the supplied goods in any way then the seller has the whole property rights on those altered and processed goods until such payments has been made and seller' s would be extended to those altered or processed goods. Until the buyer pays the amount in full for the goods relationship between them would be money related in respect of the goods.Bigbeef Ltd supplied 100 sides of fresh British beef to Frosty Ltd that is a frozen meat distributor and a regular customer. Frosty Ltd hasn't paid any amount regarding the supply of the British beef. Of the 100 sides 75 were cut into joints, packaged and frozen ready for resale. Because of the stringent government laws and regulations regarding labelling of beef the original supplier of the goods can be easily traced. Frosty Ltd sold the remaining 25 sides to a local super market that were supplied by Bigbeef Ltd to Frosty Ltd. Frosty Ltd made no profits from this trade to local super market.The above is the scenario in which one party supplies goods to the second party without receiving any payment. The second party sells a part of the supplies to the third party without making any profits. Due to UK's strict laws with respect to labelling of the goods the second party cannot sell the goods supplied by first party without prior permission from them or until full payment is made. The General Consumer council for Northern Ireland (The Consumer Council) is a statutory body, whose aim is to promote the interests of all consumers. The Consumer Council campaigns on behalf of consumers for the best possible standards of service and protection, undertakes research and gives advice and information and issues publications. The Consumer Council also manages consumer line that gives advice and information to consumers on: Practical help on how you can deal with your problem. Sources of additional help. Advice on using Small Claims Court. Your legal rights as a consumer. The Council has an Environmental Health