Business Law - Assignment Sample PDF

Added on - 21 Feb 2021

  • 14

    Pages

  • 4875

    Words

  • 37

    Views

  • 0

    Downloads

Trusted by +2 million users,
assist thousands of students everyday
Showing pages 1 to 4 of 14 pages
BUSINESS LAW
Table of ContentsINTRODUCTION...........................................................................................................................3LO1..................................................................................................................................................3Sources of UK law..................................................................................................................3Role of UK government while formation of laws along with application of statutory andcommon laws within Justice Court.........................................................................................4Evaluation of effectiveness of legal system of United Kingdom...........................................6LO 2.................................................................................................................................................6Impact of company, employment & contract law on organisations with example................6Identification of difference between legislation, regulation and standards...........................7LO 3................................................................................................................................................7Careful exploration of how different types of business organisations are legally formed.....7How organisations are managed and funded..........................................................................9Pros and cons of different business organisations ass per their formation...........................10LO 4...............................................................................................................................................10Legal solution where conflict arises between parties...........................................................10Comparison and evaluation of the different sources of legal advice and support................12CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................14
INTRODUCTIONBusiness law sometime is also termed as commercial law and mercantile law, this lawmainly governs people and commercial matters. Business law include all the law that dictates themanner in which a business run and form. In simple terms business law is a commercial law thatdeals with issues related to legal in a business and Commerce (Shackelford, 2014). There aredifferent types of business law such as Corporate Law, contract law, intellectual property law,uniform commercial code and negotiable instrument law. Thus, it is essential for an individual oran organisation to have proper understanding of business law in order to carry out formation,operation, dissolution of business.In this report formative discussion has been made on source of UK law along with itsprimary objectives. In this report numerous examples are covered along with questions with thehelp of which the manner in which business law impact on UK business organisations are easilydepicted. In addition with this information in relation to incorporation of an organisation’s alongwith their requirements and advantages and disadvantages are included. Lastly, report cover legalAdvisors that are based on case study are also covered in this report with the help of which in-depth analysis of overall business law can be made.LO1Sources of UK lawIt is not an easy task to devise a law as for this, every department has to be taken intoaccount in order to ensure that the quantum of criminal acts decrease with the passage of time.To facilitate this, it is of prime importance to delegate the authority to a number of legal bodiesin a manner such that it results in creation of one of the best laws which has the capacity to availmaximum contentment from public (Jones and Lainez, 2013). With respect to United Kingdom,there are a number of sources from which laws owe their emergence. UK is the integration offour nations, namely, Wales, Scotland England and Northern Ireland. This is why it is essentialthat various law making bodies are taken into account to make a new law. Such legal bodieswhich serve as the sources of UK laws are briefly explained below:-Legislation:This is the supreme legal body within the confines of United Kingdom thatdevises laws. Itisessential for every person to abide by the guidelines stipulated by legislationsas the law which is commenced under legislation in established for the welfare of public. By
adhering to the laws formed under this, decorum can be maintained within the territorialboundaries of UK.Statute:Hereby, unique and innovative ideas are invited which have to be associatedwith the constitution of law. This is ascertained to be one among the various sources where a lawis established for the first time and post that, if alterations have to be introduced within its scopeand confines, they can be incorporated by the respective country as per the needs of therespective law.Common law:The laws within the confine of common law are initiated as per the needof situation whereby judgement is made regarding the law that has to be started for the effectivestipulation of decisions. It is also commonly regarded as the case law whereby ample number oflaws is started owing to a certain situation (Johnson, 2013). Herein, common law should notoverpower legislation as it is regarded to be most supreme power and no decision or judgementcan alter the laws started by legislation.EU Law:This is considered as thebackbone of United Kingdom’s legal framework.Owing to this, 52741 laws have come into existence and been commenced that approximatesover 50% of the quantum of UK laws (EU law in United Kingdom, 2017). It has a certain fieldunder which laws are commenced and these areas are ascertained to be trade, finance and so on.Above mentioned are some of the most important and well known sources of UK legalsystem in the confines of which laws are commenced within United Kingdom. Each and everyindividual prevailing within the territorial boundaries of the respective nation has to abide bythese laws and even government focuses upon the compliance of such laws by people of UK.Further, government also recognises the need to bring about any kind of alterations within thelaw so as to ensure welfare of general public.Role of UK government while formation of laws along with application of statutory and commonlaws within Justice CourtIt isn’t easy to commence a law in UK as government is ascertained to be most supremelegal body which is handed over with this responsibility. This can also be comprehended fromthe statement “Parliament is Sovereign”. It is required by government to gain understanding ofthe demands as well as situations of domestic people in regard to their needs from this respectivelegal body (Lyons, 2013). As per the demand placed by general public and also in accordancewith the requirements, laws are commenced by government. The procedure associated with
desklib-logo
You’re reading a preview
Preview Documents

To View Complete Document

Become a Desklib Library Member.
Subscribe to our plans

Download This Document