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Nonetheless, they are expected to have a more than superficial knowledge of various legal topics. Law students legitimately may be expected to focus their attention on the minutiae of the law, but those studying law within, and as merely a component part of, a wider sphere of study cannot be expected to have the same detailed level of knowledge as law students. The difficulty lies in acquiring an adequate knowledge of the many areas that govern such business activity. One of the problems facing the person studying business activity, and the one that is specifically addressed in this book, is the fact that business enterprise takes place within a general and wide-ranging legal environment, but the student is required to have more than a passing knowledge of the legal rules and procedures which impact on business activity. PREFACE Business and commercial enterprise takes place within a legal context and, in the final analysis, is governed and regulated by law. British Library Cataloguing in Publication Data Kelly, David, 1950– Business law – 5th ed 1 Business law – England 2 Business law – Wales I Title II Holmes, Ann E III Hayward, Ruth, LLB 346.4'207 Library of Congress Cataloguing in Publication Data Data available ISBN 1-85941-962-3 ISBN 978-2-5 1 3 5 7 9 10 8 6 4 2 Printed and bound in Great Britain You must not circulate this book in any other binding or cover and you must impose the same condition on any acquirer. Enquiries concerning reproduction outside the scope of the above should be sent to the Rights Department, Cavendish Publishing Limited, at the address above. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, without the prior permission in writing of Cavendish Publishing Limited, or as expressly permitted by law, or under the terms agreed with the appropriate reprographics rights organisation. Termly updates links to useful websites links to ‘ebooks’ for introductory and further reading ‘ask the author’ – your questions answeredĭavid Kelly, PhD Principal Lecturer in Law Staffordshire University Ann Holmes, M Phil, PGD Dean of the Law School Staffordshire University Ruth Hayward, LLB, LLM Senior Lecturer in Law Staffordshire Universityįifth edition first published in Great Britain 2005 by Cavendish Publishing Limited, The Glass House, Wharton Street, London WC1X 9PX, United Kingdom Telephone: + 44 (0)20 7278 8000 Facsimile: + 44 (0)20 7278 8080 Email: Website: Published in the United States by Cavendish Publishing c/o International Specialized Book Services, 5804 NE Hassalo Street, Portland, Oregon 97213-3644, USA Published in Australia by Cavendish Publishing (Australia) Pty Ltd 3/303 Barrenjoey Road, Newport, NSW 2106, Australia Email: Website: © Kelly, D, Holmes, A and Hayward, R First edition Second edition Third edition Fourth edition Fifth editionĪll rights reserved. This book is supported by a Companion Website, created to keep Business Law up to date and to provide enhanced resources for both students and lecturers.