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Sample Assignment on Business Law

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Added on  2020-12-09

Sample Assignment on Business Law

   Added on 2020-12-09

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INTRODUCTIONBusiness laws are the main pillars of global marketing and trading. Every organisationperform their function under these laws. Also it is mandatory to abide by the rules andregulations made by the states. In United Kingdom it is associated with company laws and inaddition to that there are certain statutes that regulates the working procedure of companiesthat falls under the constituency of European Commission. According to the given ScenarioBusiness Future is an organisation which provides legal and business advice to their clientsand Country Pine is one its beneficiary to the service they provide. Country Pine is an upgrowing furniture sole trader who is expanding their business and are need of legal andbusiness advice. The main aim of this report is to provide them with suitable consultationregarding their problems by explaining the legal formalities they are going to face through theprocess of expansion. Also this repot deals with the extensive study of sources of laws andvarious statutes that regulates the business lobby in United Kingdom.TASK 1P1. Various sources of lawsGenerally there are two sources of laws Primary and Secondary sources. Primarysources are such which includes the codified laws such as constitution and statues, moreoverit is consists of Custom and Usage of that particular area for which laws are being created.Constitution is in itself a law. In United Kingdom, the European Laws and legislature are theprimary source for the construction of laws. Secondary sources are generally comprise of theCourts, there precedents and decided cases.European laws are the parent of all statutes that has been formed till now. It includestreaties, directives and regulations. Treaties are the most important factor that involves in theformation of law. They are in practice since the Roman Empire has been established. Themain purpose of treaties are to regulate trade between the states and also various legalmatters. European Union is the most significant part of the European laws. It is comprise ofcouncil of ministers, House of Lords, cabinet ministers etc. And the laws that are beingcreated by the Union are implemented by the European Commission. ( R.A.Roberts, B.S.,2011)Similarly, the laws related to companies and business are implemented by theCommission. And according to the Companies Act 2008 there are certain rules andregulations that needed to be followed for the incorporation of company. But before that it is4
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