Business law in Uk Assignment

Business Law

Table of Contents
INTRODUCTION...........................................................................................................................1
SECTION 1: Nature of legal systems and legislations impacting businesses.................................1
TASK 1............................................................................................................................................1
Meaning of the statement 'Parliament is Sovereign' and discuss the various sources of UK
Laws............................................................................................................................................1
Explain the role of government in the law-making process and how statutory and common
law are applied in the justice courts............................................................................................3
Elaborate how company, employment and contract law has a potential impact upon business. 4
TASK 2............................................................................................................................................5
Exploring the nature and formation of different types of business.............................................5
Difference between unincorporated and incorporated business referring to how they are
managed and funded...................................................................................................................6
Advantages and disadvantages of a partnership and that of a company.....................................7
SECTION 2: Legal solutions to business problems........................................................................8
Case 1..........................................................................................................................................8
Case 2..........................................................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
The law that has the duty to deal in the background of business or commercial sector is
known as business law. The main concept of legislation behind commencing business law is just
to make sure that whenever there is the requirement of legal advices they can take the help from
it. It is one of the law that tells how organisational works can be managed and who should take
the responsibility to handle day to day affairs. This individual report has the aim to collect
different information which is needed at the time of conducting any of business activities. This
individual report will have a direct relation with Parliament, formation of new laws and polices.
Here, number of laws that can impact the business organisation, procedure of formation of
company will also be explained in this file. Alternative Dispute Resolution will be explained in it
with addition to its proper use.
SECTION 1: Nature of legal systems and legislations impacting businesses
TASK 1
Meaning of the statement 'Parliament is Sovereign' and discuss the various sources of UK Laws.
There are number of laws and policies which can be formed, but still it is necessary that
power should be delegated to rights hands to bring effective results. In UK, this power is in the
hands of Parliament who does most of the work to commence those laws and polices which can
help to arrange every single work in systematic manner. The Parliament of UK is sovereign
because they have the rights to commence any of the law in UK where no one can challenge it.
Even, they are the one who have most of the rights to control the aspects of legislative
proceedings. As per the principles of UK law, it has been clearly mentioned that none of the
judicial court has the power to question any of the legal validity of Parliament's law and Policies
(Bishara and Westermann‐Behaylo, 2017). The role of Queen is the most important because
she is the lady who has the most number of power within the premisses of UK. Queen has the
final authority to approve any of the bill to make it as a legal law. Each year during the month of
October and November, Queen delivers the speech which represent the House of Parliament.
This is the speech which sets the agenda for political parties that how they are required to work
throughout the year. This speech is said as the opening session of parliament house.
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Sources of UK law
It is amalgamation of four major elements legislation , common law , European union law and
European convention on human rights .
Legislation: Whenever an issue related to society arises and causes sociological issues, it
is resolved by making laws and that power is with legislature of the country . It defines the laws
made by the country's government . It consists of an certain procedure that is followed for the
formation of laws,
There are two divisions of legislation :
1. Primary : The legislatives bodies functions to set the border outline or formation of the
'Acts'. It provides the general guidelines and the elements that shall be viewed before the
formation of law . These are numbered chronologically with the year of passing (Burley,
2017).
2. Secondary : After the primary guidelines are provided by the legislative bodies , they
function to create the legally possible or enforceable laws , and create the laws in the
'Acts'.
Common law: The formation of laws after the bench of the court makes an jurisdiction
that is remarkable. Whenever bench of judges don't get the appropriate laws and regulation to
find the conclusion of a case, then they need commence new laws and polices for declaring the
fair and true result. This form of law is also needed to be considered by every individuals.
European union law : As mentioned on the official European union website, the whole
and sole purpose of the formation of the union is to actively encourage peace. Economically,
having the union gives a very strong hike in global market to its all members countries and a
strong competition to other countries globally. The main work of European Union Council is to
act for the national government that makes the policies or approach for a new one. They
commence all of those laws and polices which is helpful in the corporate sector. European Union
law is the source which have commenced the maximum number of law within UK (Grace and
Cohen, 2013).
European convention on human rights (ECHR): It was created for the protection of
the human rights of the people that come under the ECHR . The need of this convention was
realised after the second world war for the protection of rights of humans, maintaining peace and
to promote democracy. They need to make sure that anyone's rights are not affected and equal
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