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Business law assignment Sample solution

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Added on  2021-02-21

Business law assignment Sample solution

   Added on 2021-02-21

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BUSINESS LAW.
Business law assignment Sample solution_1
Table of ContentsINTRODUCTION...........................................................................................................................3Section 1...........................................................................................................................................4TASK 1............................................................................................................................................41. Analysing the point ‘Parliament is sovereign’ and sources of UK laws..................................42. Explain the role of government in law-making and how statutory and common law isapplied in the justice courts..........................................................................................................53. Evaluate the effectiveness of the legal system in terms of recent reforms and developments6TASK 2............................................................................................................................................61. Using specific examples demonstrate how company, employment and contract law has apotential impact upon business;...................................................................................................62.Advantages and disadvantages of unincorporated and incorporated business with itsdifference between in terms of starting process...........................................................................83. What are the advantages and disadvantages of company over partnership firm.....................9Section 2.........................................................................................................................................101. Solution of disputes for various case scenario with appropriate case law and legal solution....................................................................................................................................................10Case 1.........................................................................................................................................11CASE 2......................................................................................................................................12CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................17
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INTRODUCTIONBusiness law could be described as the component of legislation that helps tocope with organisation and trade and act as pillar of civil rights law by which individualand civil laws could be dealt with. It directs starting, consolidation, liquidation, mergerand managing all kinds of corporates and businesses. It is also mentioned as corporatelaw or commercial law. It mainly involves IP law, tax law, negotiable instrument law,corporate law, contract law etc. It is essential because by Alternate Dispute Resolution(ADR) approach it enables to resolve the matter as well as other numerous companyissues by manner of fair compensation (Bishara and Westermann‐Behaylo, 2012). This law's primary aim was just to set norms, to keep instructions, to resolveconflicts and also to preserve the freedoms of each person. At least each person shouldhave some understanding about mercantile law to make any suitable company choices.Sales of Goods Act, Partnership Act, Companies Act, Contract law and othercommercial regulations etc., are indeed the central areas of commercial or businesslaw. Each such law is obtained from specific sources, and perhaps even business law isinferred from several sources in much the same manner. Several agreements, variouscommon legal practices, administrative regulations, constitutional law and statute laware the chief sources. The laws governing commercial or business law also constitutelegal commitments placed on each person and implemented by the relevant chief bodyof state. It enhances the strength to make choices without infringing any government-framed laws, and if anyone fails to obey the legal requirements, they might be enforcedwith distinct punishments that might even encompasses imprisonment. According to the criteria, this study will assist clear various doubts about alllegislation that are established in United Kingdom. Who has the ultimate authority todecide what law should or shouldn't be enacted. Why are the "Parliament Sovereigns"throughout the United Kingdom and it will attempt to find out real sources of UK'slaw.There will also exhibits aspects of statutory and common rules and how it would beadhered in the court of law and how different laws will affect any business entity.In the second unit, study will focus on kinds and company formation withhighlighting the significant advantages and disadvantages of established and non-incorporated organization. Various case laws are resolved with examples of comparable
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case legislation that have already been explored in Companies House byassistance ofAlternate Dispute Resolution to provide reasonable recommendations.Section 1TASK 11. Analysing the point ‘Parliament is sovereign’ and sources of UK laws.' Parliament is sovereign ' denotes that all liberties, governance rights andauthorities are entrusted to a single entity where involvement by any legal entity,including Supreme court, is often not permitted. For a while until law is enacted byHouse of Lords, it is legally binding and nobody has the reason for pointing out aboutthat particular rules or regulations are unlawful. Queen's Speech during month ofNovember and October, at occasion of beginning session in parliament has significantplace as almost all of the regulatory bodies and government entities announce theirspecific programs at end of such speech. Parliament holds overriding power upon anylaw as on specific date (Burley, 2017). In UK, generally laws are being formed uponconsideration or consent of major 4 countries: England, North Ireland, Scotland andWales. Following are the significant sources or origin of UK's law structure, as follows:Common Law: In this, judges draws judgements on the grounds of constitutionalprecedents, which implies that when a specific case law has problems anddetails comparable to preceding case, then such preceding case is foundationfor present case to pass judgement. It is not required to create a fresh law inwhich there are two similar circumstances in two instances. It is also calledjurisprudence or common law. If, a case's judgement emerges a fresh law, then itwill be regarded in lower court's decisions. Legislation: The law-making mechanism with the support of various superiorparliamentary representative officials. The permission of the British parliament inLondon is mandatory for getting passed of any laws. Only post-authorization byHouse of Lords and House of Commons, in which House of Common involvesapprox 650 officials whereas House of Lords comprises of approx 800representatives will law be compelled in legislation. This is one of the law's mainsources.
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