Business Law and Law Making Process - Assignment

Added on - 21 Feb 2021

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BUSINESS LAW
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3Description about the various kind of source which helps to commence law in UK.................3Elaborating the role of government during the process of making law......................................4How statutory and common law is applied in justice court, using appropriate case study.........4Provide an evaluation of the effectiveness of the legal system in terms of recent reforms anddevelopment................................................................................................................................5TASK 2............................................................................................................................................5Illustration on how company, employment and contract law have the impact on business withthe help of using UK examples...................................................................................................5Difference between legislation, regulation and standards, leading to the analysis of theirpetential impact upon business....................................................................................................6TASK 3............................................................................................................................................7Carefully explore on different types of business organisation and they are legally formed.......7How those organisation are managed and funded.......................................................................8Detail assessment on pros and cons on the basis of their formation...........................................9Critical review and an evaluation of the different types of business organisations....................9TASK 4..........................................................................................................................................10Identification and recommendation of appropriate legal solution for resolving the range ofdispute.......................................................................................................................................10Comparison and evaluation of the different sources of legal advices and support...................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONBusiness law is explained as the body of law that mainly governs business and tradecommerce. It falls under the branch of civil law that has to deal with both private and public law.Business law is required to deal with corporate contracts, hiring practices even manufacture andsale of consumer goods. Business law is the most important branch which plays the supportingrole for any of the business organisation because decision is required to be given only once lawis understood in detail. The file is based on Global Solicitors where they are required to giveadvices from the post of Dispute Law Advisor. The professional body will mainly reflect aboutthe number of sources of law within UK. Discussion will be related to law making process ofgovernment and what they can do to achieve better result. In another segment, they will alsodiscuss about impact of major laws on business organisation. Also, file will discuss aboutformation of several types of company. When it comes toward the ending of the project, with thehelp of generated case scenario, disputes will be solved in the best possible manner.TASK 1Description about the various kind of source which helps to commence law in UK.In any of the nation, number of sources will always be required to consititue the lawbecause it is one the difficult task when it is given to only single body. In the same manner,United Kingdom also do have the number of sources through which law is commenced and theyhave been explained below in detail:Act of Parliament:The body which have the authority to commence any of the law inUK is only Parliament. They are the sovereign body because no one have authority to askquestion when law or Act is enforced. Number of steps are required to be consideredbefore commencing law so that chances of errors can be reduced (Vagts and et. al.,2015).European Union Law (EU Law):It is the major source of UK if any of the law isrequired to be commence because more then half of the law and Act which have beencommenced in UK is just because of EU law. Whenever any of the problem arises in UKregarding laws and policies, EU law tries to cover up that areas so that weaknesses cannotbe seen by anyone.
Common law:The source in which new laws are commenced as laws are not enforcedunder EU Law and Act of Parliament. Judges have to take the corrective measure in thisso that law and policies can be introduced. Laws which is commenced by common lawprocess do not have fix life period because Parliament can come up with amendments atanytime (Schwartz and et. al., 2013).Elaborating the role of government during the process of making law.Government has to consider the procedure which has been mentioned under the lawbecause it is the most important things because new law is required to commenced under this.While commencing law, government is divided into two parts i.e., House of Common and Houseof Lords. In initial stage, MP's who are elected through the process of election is required topresent bill in front of House of Commons where conduct several stage. It starts with firstreading in which bills need to be overviewed by the members. In second reading, it is checkedthat what is the main reason that law need to be introduced. If they finds bill need to be passedbecause it can provide benefit, then it is forwarded for the next round. The next process iscommittee stage in which detail checking of the bill is done that whether at any of the point needto be omitted or amended. If any of the points required changes, then it is sent to report stageunder which member do changes as per the guidelines which are given by the committee stage.Once the amendment is done, bill is required to be presented in third reading under whichnumber of discussion is to be done. After that, voting need to be done in third reading whereresolution is required to be passed (Schulman, Moscow and Lesser, 2017). If resolution ispassed by the process of voting then bill is further forwarded to House of Lords. In this, peermember is required to detail examination of the bill and after that they decides whether bill is tobe send further or not. Approval is required to be taken from monarch under Royal Ascent Act1961.How statutory and common law is applied in justice court, using appropriate case study.Statutory law is one of the most important part of justice court because it provides theguidelines regarding the decision which need to be taken on regular basis. In court room, it isfound that whenever judges need to declare any of his decision then they take the help ofstatutory law because every single regulation is written where penalties are also mention in it ifany of them breaches it.Case law:James v Peterson,1998
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