Documente Academic
Documente Profesional
Documente Cultură
Learning Objectives:
To discuss the legal acts aimed at effective vendor Management To study the legal issues concerning customer relationship management To discuss the legal issues concerning store administration
Laws in Retailing
In retailing, laws have been formulated to manage the following aspects of the business: Customers Vendors Store Personnel
Promisee: Person accepting the proposal Consent: When both parties agree upon the same issues in the same sense Fraud: Any act committed by a party with the intent to deceive another party Surety: The person who gives the guarantee Principal Debtor: The person in respect of whose default the guarantee is given Creditor: The person to whom the guarantee is given Bailor: Person delivering the goods