Week 11

I don't know why but law is one of my favorite subject in my studies. You might think that law is very heavy and boring thing to listen and read but not for me. So this week was pretty interesting and I enjoyed it. On Monday our lecturer was Marjaana Marmo who is expert about everything what concerning about law. Lecture was in English so I really needed to concentrate on what she was saying and for me it was pretty hard to understand. It would be much more nicer if it would be in Finnish because I think this is an important subject. But anyway our lecture was about law issues like what is binding contract (how you make one, who can make one etc...) and I think the most important thing for me to understand is when I send an offer to another firm it is binding contract when they have responsed to it. If they aren't happy of something they send the offer back and when I have answear it again and accept everything then it is a binding contract. Of course there is things which can cancel the contract e.g. you don't follow the rules what you have accept (time, right quality).

OFFER -> RESPONSE= BINDING CONTRACT

It is also important to understand the difference of The Commercial Code and The Consumer Protection Act. The Commercial Code is for e.g. B2B sales when both sides are equal and The Consumer Protection Act is for entrepreneur vs consumer. This last law protects the weaker one so in this case it is consumer. The Laws aren't so different but in The Consumer Protection Act consumer have the right to return the product in 14 days if he/she have bought it e.g. from internet. This is interesting because I think that many consumers thinks that they can return intact products which they have bought from store. But in this case the store can say no because this benefit concearn about products which the consumer haven't seen in real life. So all those "You have right to return your produts in 14 or 30 days" is only marketing. But you have always right to return defective product and the time for consumer is six months (of course depending the product). But if you are not sure what is your rights as a consumer please go to website www.finlex.fi

We get many homeworks and we talked about those on Thursday with our class and Marjaana. The most interesting ones was tasks where was these law cases. It was interesting to here cases which was pretty hard like was contract binding, was consumer or entrepreneur right/wrong, who take responcebility and what law you have to apply.

The most usefull tip what we get was that law is only a tool for us. You have to remember that business is human to human. Is it really smart for your business that e.g. you don't take back a good quality product from your customer, even the law says that you don't have to. I think the consumer will go to store which is more flexible.