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Business Law INTRODUCTION

   

Added on  2021-01-02

9 Pages2676 Words208 Views
Business Law
Business Law INTRODUCTION_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3TASK 2............................................................................................................................................5TASK 3............................................................................................................................................6TASK 4............................................................................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
Business Law INTRODUCTION_2
INTRODUCTIONBusiness law is a wider term which comprises number of legal provisions applicable onorganisations and there commercial transactions. It provides a foundation of law for conductingbusiness activities by following legislation (Wilson and Wortley, 2018). It is treated as a part ofcivil law and deals with disputes or conflicts arising in the ordinary course of business. The othernames of mercantile law for commercial law. From the inception till the winding up, everyaspect is governed through this law. The report covers nature of English legal system,differentiation between employed and different types of laws applicable on a business whichhave potential impact on the transactions. In addition, formation of different types of businessorganisations has been discussed together with legal solutions for resolving disputes. TASK 1In the given case, K is an aggregator and engaged in the business of food delivery wherebuy it charge commission from restaurants per order and delivers the food from therestaurant to the final customer. Due to number of difficulties faced in the previous years,it felt importance of having the knowledge of English legal system which has beenelaborated below: Introduction to English legal systemEnglish legal system is complex and one of the most untouched by any foreign law. Itsjurisdiction is divided into three parts such as England and Wales, Scotland and NorthernIreland. Each of them has their own legal provisions and courts to deal with cases. Particularlytalking about UK, there is no completely written constitution however, Westminster parliamenthas passed laws on the decided articles. Crown has the power to decide on ceremonial mattersand Parliament being the supreme authority to make laws (Maitland, 2016). Principle of English legal system: There is only one principle on which the whole UKsystem rely. It is known as doctrine of judicial precedents. According to this principle,case with same facts and issues will be decided on the basis of previous cases withsimilar issues, facts and circumstances. The underlying assumption is that, when twocases are exactly the same then and why to apply different laws. The judges in UK courtsfollow this principal for passing decisions.3
Business Law INTRODUCTION_3

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