Business Law Making Process : Assignment
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Added on 2021-02-21
Business Law Making Process : Assignment
Added on 2021-02-21
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BUSINESS LAW
TABLE OF CONTENTSINTRODUCTION...............................................................................................................1TASK 1 ..............................................................................................................................1Various Sources of Law ................................................................................................1Law making process and role of government as statutory laws are applied in justicecourt................................................................................................................................2Contract, Employment and Company law has potential impact upon enterprise..........3TASK 2...............................................................................................................................5Various types of organizations are formed and legally managed..................................5Business organizations are funded and managed.........................................................6TASK 3...............................................................................................................................9Recommendation of appropriate legal solutions for resolving a range of disputes.......9CONCLUSION.................................................................................................................11REFERENCES................................................................................................................12
INTRODUCTIONBusiness Law refers to the body of laws of government that runs the commercialactivities. This governing body deals with both the private and public law issues. It majorregulates the hiring practices, corporate contracts and sales of customers’ goods. Tradelaws are the commercial law that has impact over the businesses in terms of sales,trade and merchandising (Velenturf and Jopson, 2019). Business laws bounds thebusinesses of the organization in the way in which they do business. To run a company,the enterprise needs to follow the laws and ethics of the business. Any newly start upbusiness needs to adhere the business laws.The project report will explicate various sources of law. It will determine the roleof government in law making. The study will illustrate the example of company abouthow contract law has potential impact on enterprise. Report will elaborate by doingdifferentiation between regulations, legislations and through standard analysis foridentifying the potential impact upon the business. Furthermore, it will explain howvarious types of organizations are legally formed, funded and managed. Assignment willprovide recommendations in order to resolve range of disputes through using examples.Lastly, report will provide legal solutions in order to resolve range of disputes andconclusion. TASK 1 Various Sources of Law UK's constitution refers to parliamentary sovereignty as their key principle.Parliament is said to be a legal authority that is supreme in UK. Members of Parliamenthas the power to pass any law or to end. Legislation of the parliament cannot be overruled by the courts (Vagts, Kohand Buxbaum, 2015). It is supreme in against of thegovernment institutes that includes judicial bodies and executive. Parliament has alsopower to change any previous laws that has been written by their ancestors. Thus, theParliament can be said as “Sovereign”. Source of law – It refers to an origin from where a law is being obtained. These arethe constricting rules that helps to govern a territory. United Kingdom of NorthernIreland and Great Britain consist of four countries namely, Scotland, Northern Ireland,1
England and Wales. Here, some laws are applied in UK as whole but some laws areapplied only for three countries. Various sources of law are explained below - Legislation and Parliament – The parliament in considered as legalauthorization in the UK that can end or create any law. None of the court canoverrule its laws and legislation. Thus, it is considered as a source of law.This isthe authority that has power to approve the laws for applying in four countries.650 members are present in House of common in Parliament. They elect themembers by using the Post system and first past. The candidate is being chosenthat has the highest number of votes by the electors. 800 peers are preset inHouse of Lords (The Legal System of the United Kingdom, 2019). Queen has theright to appoint 600 out of them. Other members are the people in House ofLords that has given title of Lady and Lord and one of them is a senior priest inChurch of the England. Some countries have the power to pass the law indevolved matters. It includes Scottish Parliament, National Assembly andNorthern Ireland. The countries in which these laws are passed are applied ononly those countries. Common Law – Common law is being made under the legal system of Englandand Wales. The decisions which is being taken in the courts of the England andWales are used as a base for making other laws in the region. (Scholes, 2015).These laws are made on the basis of the cases that has passed over thecenturies. At the time of starting of laws in the Wales and England since from the11 of the century. European Union – The directive is being appointed for implementing the state,national law and regulations that has influence over member states. UK is amember state of European Union. Thus, this means that laws out there have alsohad implications in United Kingdom. European Convention on Human Rights – Being a member state of Europeancouncil, UK is signer of the European Convention on human Rights (Solomon,2017). Human Rights Act 1998 comes into the force. Thus, it makes courtsenables in order protect the rights of European convention in UK. 2
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