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Assignment Business Law For organization

   

Added on  2020-10-05

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BUSINESS LAW
Assignment Business Law For organization_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Sources of law........................................................................................................................1P2 Role of governing bodies in law making...............................................................................2TASK 2............................................................................................................................................3P3 Influence of employment and contract law on Sunrise Retail...............................................3TASK 3............................................................................................................................................6P4 Appropriate legal solutions to sunset Ltd. Regarding termination of contract of employees6P5 Justification for the use of appropriate legal solutions..........................................................7TASK 4............................................................................................................................................7P6 Key challenges and legal solutions for expansion process based on country legal system...7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
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INTRODUCTIONLegitimate bodies are engaging in framing number of laws, norms , beliefs, rules andregulations which is related with corporate world in order to protect buyer and seller from gettingexploited. Sunrise is a sole trader organization who is trying to expanding their business bytransferring sole proprietorship to limited company (Mann and Roberts, 2011). Therefore,assignment is highlighting the major norms and rules which is followed by organization whileconverting their business entity in perfect manner. Although, there are major difference betweennorms of single entrepreneurship and limited due to the involvement of various elements such as;investors, sharing of profits, extra funds and so on. Apart from this, distinct sources of laws aredetermined due to the occurrence of several incidents and prominent role of governing bodies aregoing to discussed in the report. Some of the legitimate solutions which is designed by legalbodies for resolving organizational issues are also outlined in this project. TASK 1P1 Sources of lawThe basic nature of the legal system is to provide a systematic, orderly and predictablemechanisms that can helpful in the resolving the disagreement. Implementation of necessary laws are mandatory for overall development of nation aswell as economy because it aids in minimizing the fraudulent acts which are affecting growth ofcountry in various ways. However, number of incidents are occurring at regular basis such as;women's harassment, rape, wrongful conducts, misinterpretation, discrimination henceforth. Itmeans, responsibility of legal bodies are expanding and enforced to come up with variousappropriate norms in order to control sparking issues. English legal system are focussing onevery incidents and taking initiatives as per situational demand for maintaining the peacefulenvironment at societal place (Harner and Rhee, 2014) . In fact, European laws are classified intotwo different form such as; civil law and criminal law. Both the terms are distinct from eachother in various manner but motive is somehow same that is; to control wrongful activities bytaking necessary initiatives. Hence, some of the major sources of laws are discussed as follows:- Case law:- In some cases situations are become more worsen and lawyers are facingmajor difficulty in making final decision due to the complicated situations. Therefore,government are getting enforced to amend some emergency acts in order to control the1
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difficult circumstances. In fact, number of incidents was incurred at marketplace due towhich they need to make changes as per situational requirements. Judges:- Some of the major acts are enforced by judges of tribunal in order to takecorrect initiatives for resolving certain cases. Sometime they get involved in few complexdecision in which single judgement can affect the several other members. For controllingspecific problem head of court is making urgent or instant decision and change the actslittle bit. Articles of association:- In this element all the necessary rights and authorities arementioning by government bodies for imposing it on overall society for developing thenation. Their main motive is to create a nation free from discriminatory activities byoffering equal development opportunities to entire society. Apart from this, major normsare mentioned in this articles for assisting other members to consider these elementswhile making decision (Bagley, 2010). Treaty:- If there is occurrence of any more serious conditions due to which legal bodiesget enforced to set certain terms and conditions in order to control particularcircumstances. For example; when there was emergence of Hiroshima and Nagasaki casesome of the major legal norms was established by government bodies that was applicableon nations involving in conflicts. Thus, these types of rules and regulations are knows astreaty which furthermore consider as sources of laws for entire society. There are some laws which are followed by every organisation such as the Equality Law thatstates that an organization should not discriminate the employees as they belongs to diversebackground. The health and safety act is also needed to be followed by the organization for thehealth and safety of employees. P2 Role of governing bodies in law makingGoverning bodies are seen as most indispensable aspect for overall corporate worldbecause they are involved in designing number of laws and acts which is beneficial for innocentpeople. Their main objective is to promote economy by encouraging small and medium sizebusiness towards establishment of new business. This is only possible if new entrepreneur feelsafe and easily run their entity by operating across distinct marketplace. Therefore, governmentis playing crucial role in framing best legal norms and beliefs for assisting business worldtowards ethical path (Manafy and Gautschi, 2011). Amendment of specific act is not an easy2
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