Business Law Assignment - Role of Government
Added on 2020-11-12
14 Pages4845 Words253 Views
Business law
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Parliament sovereignty................................................................................................................1Role of government in making laws and process of passing bill in the parliament....................2Potential impact of company, contract and employment laws over the business.......................4TASK 2............................................................................................................................................5Difference between incorporated and unincorporated businesses..............................................5Legal solutions of business problems.........................................................................................7CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness laws are the combination of commercial laws and civil laws of the company. Itcontains various rules and regulations which need to be followed by each business organisationof the country while performing their day to day activities. The present study describes thesovereignty of the parliament in the country and the process through which the bill is beingpassed in the parliament act becomes the law or an Act. The study also discuss various sources oflaw through which laws are being framed in the UK. Further, it also shows the implication ofvarious company, contract and employment laws over the various businesses. The study alsoprovides difference in formation, funding and management of various types of businessstructures and legal solutions of some business problems.TASK 1Parliament sovereigntySovereigntySovereignty can be termed as the supreme power of a governing authority, which makesthe authority totally independent for the purpose of taking decisions and making rules for thecountry without any interference (BARMES, 2016)..Parliament sovereigntyParliament sovereignty is a principle included in the constitution of UK. This principleprovides the government a supreme authority through which it can make laws and acts for thecountry (Allen and Blackham, 2018). Further, rules and regulation made by the parliament cannot be overruled by any authority or person in the country. Each person, institution, companyauthority etc. are bound to follow each rule included in the law of prepared by the parliament. Inaddition, as per the constitution of UK, each law passed by the parliament need to be understandin the same sense in which they have been framed.In this regard, it can be analysed that the statement “parliament is sovereign” is correct.Sources of law:In UK there are some sources through which laws are being framed in the country. Lawsmade by these sources need to be followed by each person including judicial authorities andbusiness units in the country. Following are the main sources of law:Statutory laws: Statutory laws are those which are prepared by the legislation authoritiesof the country. These are the laws which need to be followed by each person in the1
country. These can also be defined as the written laws framed by the legislationauthorities of the country (Lee, 2016). Legislation authorities of the country are theauthorized governing bodies for framing laws for the country. In UK, Civil and criminallaws are the main sources of the statutory laws.Common laws: common laws are the laws that need to be followed by the lowerjurisdiction courts. These are the combination of justice given by the higher jurisdictionauthorities. As per the constitution of UK, each lower authority courts are bound tofollow the justice provided by the higher courts of the country while providing justice ofany case (Jones, 2017) Although, if the lower jurisdiction court finds any error in thejustice of higher courts, it may override that justice. In this case, the judge need toprovide error in the justice of higher court along with the legal laws of country related tothe particular case and its interpretation. The main source of common laws are the justiceof higher judicial courts of UK.Equity laws: equity laws in the UK are formed with the purpose of providing justice toeach person of the country. These laws help the government in providing equality to eachperson in the country. Equity law leads in providing equability regarding civil laws of thecountry (Equity, 2019). Common laws of the country can be termed as the source of lawof equity laws in UK.Role of government in making laws and process of passing bill in the parliament.Role of government in making laws:Before making any law, a bill need to be presented in front of parliament. Governmenthas authorized some ministers in the country, which are authorized to present the bill in theparliament for the purpose of developing any new law in the country or innovating any existinglaw of the country as well. The ministers analyse the legal position of the country and finds the area of at which anynew law need to be prepared of any existing law need to be innovate. Further, they prepare a billwhich contains all the details regarding the law (Rochelle, 2017). In this regard, in can beevaluated that government plays a vital role in making any law, as no law can be preparedwithout presentation of any bill in front of parliament by the ministers of country.Process of passing bill2
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