Business Law: English Legal Systems, Tribunals, PLC vs LTD, Sole Trader Liability

Business law

Contents
INTRODUCTION...........................................................................................................................3
PART 1............................................................................................................................................3
Common law as per the English legal systems and difference form statues...............................3
The increase in the use of tribunals for resolving disputes in the certain legal mattered along
with adv and disadvantage...........................................................................................................3
PART 2............................................................................................................................................4
Difference between the PLC and LTD along with advantage and disadvantage for setting he
business........................................................................................................................................4
The personal responsibility of the sole traders for all liabilities of business...............................5
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................5

INTRODUCTION
Business law also known as the commercial law or the mercantile law have been considered as
their body of rules consisting of conventions, national or international legislations or the
governing deals between the individuals in terms of commercial matter (Kubasek and
et.al.,2020). The business law have been the significant topic in order to make interwind
business transactions in order to have interaction of internationals basis. In this report there will
be discussion of the various aspects of the English legal systems and the increase trends for the
use of tribunals. In addition to that’s the difference between the PLC and LTD will be discussed
and personal responsibility of the sole trader.
PART 1
Common law as per the English legal systems and difference form statues
The English legal systems are the common law of the England and wales which is mainly
comprising of the criminal law and civil law as per each brand having it own courts and
procedures in perfect manner. this have been considered as the originals of the common law
which are based on principles having it own legal doctrines which is distinct form the civil legal
systems since the time of 1189.
The common law is been declared by the judges in order to be derived from the customer and
precedent along with following and application of the principles declared form the previous
cases decides by the senior court (Beatty, Samuelson and Abril, 2018). This have the inclusion of
the both substantives rules such as the offence of murder and procedurals ones such as the
procedure of the rules which is been derived from the inherits jurisdiction of the court.
On the other hand, statue law which id the legal systems formed by the legislations. In addition,
as the law of judges regarding the specific cases are heard in the court. With next to that’s there
statute law is the law that’s is accepted by the majority of the legislator or the member of
parliament.
The increase in the use of tribunals for resolving disputes in the certain legal mattered along
with adv and disadvantage.
Administrative tribunals are the one which is resolving the disputes between their ideas of their
company as they are of law in which the governments have the legislated the conducting of the
reaction in perfect manner. In addition to that tribunals for the resolutions of the traditional state
3