Business Law Assignment PDF - English legal system
Added on 2021-02-20
8 Pages2502 Words35 Views
|
|
|
Business law
Table of ContentsINTRODUCTION...........................................................................................................................3P1 presenting the various sources from which laws are made under English legal system........3P2 Defining the role played by government of formulation of law and explaining theapplication of statutory and common law under the court system..............................................3M1 Evaluation of the legal system's effectiveness regarding recent reforms and developments.....................................................................................................................................................5P3 With the use of specific examples illustrating the impact of contract, employment andcompany law on the businesses...................................................................................................5M2 Presenting the difference between regulation, standard and legislation and analysis theirimpact upon business organisation..............................................................................................6D2 Providing a critical and coherent evaluation of the legal system.........................................7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................9
INTRODUCTIONIn a nation the legal framework defines the laws and statutes which governs the conductof its statutory bodies, business organisations, trade relations, international businesses and legalbehaviour of people of that country. In that legislative parameters comes business laws whichspecifically guides the direction of business operations and activities in legal formate. In thepresent report a discussion of sources from which laws under UK legal system are made ispresented. In law making process role of government is explained and with common andstatutory law's applicability under the court system of UK. Furthermore, impact of contract,company and employment laws over business organisation is identified with use of illustrations.P1 presenting the various sources from which laws are made under English legal systemThe laws under English legal system are formed through different sources which incudes:Legislation: are the primary sources from which laws are made in UK. This is bifurcatedin to two parts, first is major source that is act of parliament where laws are by abiding the legalprocedure of making law. Here both houses of parliament first gives approval to draft bill andthen after getting the royal assent a law comes into existence. Second is the delegated legislationwhich is also stated as secondary source where power is vested to local bodies and publicauthorities for making laws for a particular region over a specific matter.Case laws: are the one which is oldest from of law form UK legal system for makinglaws. Under this with effect of doctrine of judicial precedent the ruling passed by judges in theearlier cases are given binding effects. Through this the decision of law suits becomes law for thefutures case required to be referred by judges while deciding a case.European Union law/directives: includes the laws made for all the member states of EUand this also considers international treaties (Beatty, Samuelson and Abril2018). The laws madefor all members states are applicable to UK till finalisation of Brexit along with all internationaltreaties while trading with foreign countries.P2 Defining the role played by government of formulation of law and explaining the applicationof statutory and common law under the court systemGovernment's role if making of law: In UK most common practice of making law is through act of parliament where laws aremade after a bill is presented to before both houses of parliament for approval. Before that a draftlegislation is submitted to cabinet ministers which after their approval it becomes a bill. 3
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents