Business Law Legal Systems Essay
Added on 2020-07-23
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BUSINESS LAW
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Explaining various sources of law as well as laws which are mandatory to comply withinan organisation........................................................................................................................1P2 Explaining role of government for making law and ways through which statutory as wellas common law implemented within justice courts................................................................2TASK 2............................................................................................................................................3P3, 1 Advising Collin and David steps require to take, keep in mind issues of restrictionsrelated to create and name their firm......................................................................................3P3, 2 Suggesting Sophia about her rights related to employment with reference to unfairdismissal.................................................................................................................................4P3, 3 Advising Mrs. Carter about her rights as well as obligations related to terms of contractwith AD Motors Ltd...............................................................................................................5TASK 3............................................................................................................................................6P4, 1 Suggesting Mr, Smith about litigation against him by PHB Ltd..................................6P4, 2 Advising Samantha on ways through which assets of company should be distributedamong creditors......................................................................................................................6P5 Providing justifications behind use of suitable legal solutions.........................................7TASK 4............................................................................................................................................7P6, 1 Advising AFG Oil Company about their legal rights for resolving dispute at arbitration7P6, 2 Differentiae two terms which are institutional and ad hoc arbitration..........................8CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10
INTRODUCTIONA particular term where wide range of legal laws, rules and regulations included andmandatory to apply at the workplace of an organisation for operating in industry smoothly isreferred as business law. When any kind of legal rule is framed by the authorities then thecompanies are necessary to apply and follow properly (Cheeseman and Garvey, 2014). So that, itable to run in the market smoothly and meet objectives appropriately. The current study showsbasic nature of legal systems by considering sources of laws. Further, role plays by thegovernment for preparing laws and applying them in justice courts are clearly reflected. Apartfrom this, considering to given cases impact of company, employment and contract law on thebusiness is described in the current project. In addition to this, suitable suggestions are given forresolving the provided legal cases related to termination of contract, liquidation and rescue frominsolvency. At the end of present study of business law, legal solutions are advised along withsegregating institutional abd ad hoc arbitration. TASK 1ReportTo,Ms. Helena MullerSubject: Basic nature of the legal systemP1 Explaining various sources of law as well as laws which are mandatory to comply within anorganisationWhen any kind of new law comes or introduced in the market then it was prepared byparticular party who is responsible for this. Once the new legislation comes into considerationthen respective businesses are mandatory to implement at the workplace. If any firm ignoreslegal laws and follow properly then legal actions are taken by the authorised parties. Further,the laws' origin from various sources which are necessary to adopt by every enterprise. Sourcesof the laws are basically categorised into two parts which are like primary as well as secondary(Crane and Matten, 2016). Explanation of both the primary and secondary both the sources oflaws is described below:Primary Sources: Those rules which are framed and amended in direct manner by1
parliament are considered as primary sources. Further, results of laws are also directly obtainedunder this by parliament and European laws. It includes some sources which are such asfollows:Case laws: In accordance with this source, when any decisions or judgements onparticular case are included. Herein, when judge makes specific decision for particularkind of issue of case arisen in court then it becomes law. This is mandatory to use everycompany when legal solutions are required to made related to respective case andjudgements (Posner, 2014). Parliament legislation: Second part of primary sources is parliament legislation wheresome kinds of electronic approaches of systems applied. When the legal cases areresolved then several electronic systems are used which are like print media,computerised ways, SOAS database etc. These are also required to use by the firmswhen they going to make solution of any legal cases. Secondary Sources: When laws come into consideration on the basis of commentsdone by judges on legal cases then referred as secondary source. Here, laws are not acquireddirectly and amended on the business. This can be understood by two terms which are like:Legal encyclopedias: This type of source of law includes key points, specific cases aswell as bills which are gained through conducting research deeply. Parliamentary and Non-parliamentary publications: Apart from this, laws can be madefrom debates in parliament, papers of house of commands, various command papers,house of lords etc (Smith and Malloy, 2013). Further, publications of journals, news orarticles through non-parliamentary are also considered as secondary source of law. P2 Explaining role of government for making law and ways through which statutory as well ascommon law implemented within justice courtsAt the workplace of an organisation when any kind of legal laws and regulations appliedthen all are made by authorised parties. Apart from this, government also plays a major role inthis aspect. When parliament of the country is going to make specific laws then at the initialtime it approaches up to the government. From there, it able to know actual condition of marketand business world. Once proper discussion with government are completed the considering to2
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