Consumer Rights Act 2015: Primary legislation for consumer protection in UK. Relevant if transaction involves a consumer rather than two businesses. Covers quality of goods, fitness for purpose, and consumer protections.
Sale of Goods Act 1979: Fundamental legislation governing sales contracts in England and Wales. Covers title, description, quality, and fitness for purpose of goods being sold.
Hallmarking Act 1973: Mandatory legislation for precious metals trading in the UK. Sets requirements for quality marking and verification of gold and other precious metals.
Money Laundering Regulations 2017: Establishes anti-money laundering requirements, due diligence obligations, and transaction reporting requirements for precious metal transactions.
Financial Services and Markets Act 2000: Regulatory framework applicable if the transaction involves regulated investment activity in gold trading.
Value Added Tax Act 1994: Governs VAT implications for gold transactions, including special rules for investment gold in the UK.
Companies Act 2006: Relevant if either party is a registered company, particularly regarding authority to enter into contracts and corporate governance requirements.
Fraud Act 2006: Legislation containing provisions against fraudulent transactions and false representations in commercial dealings.
LBMA Guidelines: London Bullion Market Association guidelines establishing industry standards, best practices, and quality requirements for gold trading.
Contract Law Principles: Common law principles governing contract formation, including offer, acceptance, consideration, and intention to create legal relations.
