Business law in UK - Assignment
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Added on 2021-02-19
Business law in UK - Assignment
Added on 2021-02-19
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Explain the nature of UK legal system by looking at different sources of law in UK................1Assess the potential impact of the law on a business that how statutory and common lawapplied in the UK courts.............................................................................................................2Potential impact of the law such as employment, contract and competition law on client’sbusiness.......................................................................................................................................3Evaluate the effectiveness of the legal system in terms of recent reforms and development ....4Differences between how legislation, regulations and standards could impact their businesses4TASK 2............................................................................................................................................5Examine the formation of different types of business organisations, such asincorporated/unincorporated, unlimited liability are legally formed..........................................5Illustrate with an explanation on different business organizations are managed and funded.....6Advantages and disadvantages of the formation of different types business organizations.......7Provide recommendations for resolving disputes using alternative dispute resolution..............8Compare and contrast different sources of legal advice...........................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness refers to everything which can easily employ an individual. All this business aregoverned by law and regulation known as business law. It is the law which have a set patternthrough which business activities can be performed easily. The main focus of business law is thathow business is formed and managed systematically. Alternate name of business law isCorporate law as well as mercantile law. All of the suggestions and advices in this file will begiven by Hardy and Morrisons Solicitors which is one of law firm situated in Central London.Here, topic that will have more importance is about the nature of UK legal system. Impact of lawupon business organisation. Proper evaluation will also be done in this respective file that howeffective the recent change are in current situation. In second task, formation of companies willtake part and how they can be managed where are dispute will also be solved with the help ofrelevant legal advices.TASK 1Explain the nature of UK legal system by looking at different sources of law in UK.The legal system of UK has been always stable which form the law and regulation as perthe requirement of situation. The nature of UK legal system says that no one has the authority tooverrule the laws and regulation which has been commenced by Parliament. They are the onewho have highest authority to commence law where everyone follows it without asking any kindof doubts and question. Parliament is the sovereign body of UK which has been working very toform new law whenever there is a requirement. The final approval is always given by Queen forimplementing any of the law.Law is needed any of the country but the thing which is needed to be understand that it isnever easy to commence law for single body as workload cannot be managed. By considering allof these things government of UK have distributed the power in multiple hands so that effectiveresults can be obtained easily (Raz, 2017). In current situation, four different sources areavailable for effective law and policies and they are:Parliament: The member of Parliament needs to make new laws and policies byconsidering the requirement that how business organisation can be run much effectively.Whenever House of Parliament is required to commence new law related to business1
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