Business Law Project Sample | Assignment
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Added on 2020-12-31
Business Law Project Sample | Assignment
Added on 2020-12-31
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BUSINESS LAW
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1............................................................................................................................................1P2............................................................................................................................................2TASK 2............................................................................................................................................3P3............................................................................................................................................3TASK 3............................................................................................................................................5P4............................................................................................................................................5P5............................................................................................................................................6TASK 4............................................................................................................................................7P6............................................................................................................................................7CONCLUSION................................................................................................................................7
INTRODUCTIONBusiness law is the regulatory body which identifies the proper system and countrygrowth. UK regulates the proper implementation. It is very useful and effective at the time ofregulate the business. Commercial law and business law is the body of law which helps togovern the business activities. This system held the both issues private law and public laws.Present report will be based on business law. For that Business futures ltd will be taken intoaction. It is the business consulting firm which helps to suggest the best advice to the newlystartup companies in terms of better performing the task. It will explain about the differentsources of law that the organization needs to comply with. Further, it will also explain about thegovernment role on law making process. Moreover, all legal implications protect the overallsystem of business and gives better decision making approach. TASK 1P1 There are numerous types of sources of laws which helps to protect the business activitiesand gives better solution making approach (7Adams, 2018). It will be given better performanceto handle the better objectives some sources are constitution, legislatures, executives, judiciaries,administrative agencies and international organizations. They all are equally contributed theirpart in order to fulfill the business law system. Constitution: British Constitution guides the whole function and process of UK. It isdeveloped by combining series of laws and principles which leads to politic body of the country.It act as foremost source of law upon which all legal and regulatory action are practiced withinthe country. This is been termed as supreme law of land as it possesses power among legislative,executive and judicial branches (Muhoza and Adams, 2017). Amendments are made inconstitution depending upon the issue or dilemma existing within the country so that same can beaddressed with legal power. Executives: it is another source of law of federal executives branch is the president. Theorder of the executives orders are binding edicts issues by the president business law is thehighly generated and law making task in order to accomplish the ethical business activities.Judiciaries: it is the court or a governmental body whereby one or more judges arepresent. hearing is done and judges resolves the disputes with the help of judgmental overview. 1
of one or more judges who preside over cases and resolve disputes by issuing the judgmentaloverview (Kubasek and et.al., 2015).Common law: it is been referred as legal system whereby precedent is done in court anddecision is held accordingly. There are a variety of sources of English law such as Custom,Equity, Case law, UK legislation etc. Equity: it is the kind of source of law which includes cases developed by the court ofchancery. European Law: European law is another source of law which is adopted by theEuropean Community Act 1972.English divisions of law and sources passes of a bill through parliament The government are respondents for bringing new laws into force, The UK has threeseparate legal system i.e. England and wales, Scotland and Northern Ireland. UK possessunwritten constitution as there is no formal written of document which reflects the right ofindividuals and actions that government must take. Government is responsible always to pass thelaw or all bills (The legislative process, 2018). P2 Government is the regulatory body which defines the proper legislation and growthfactors. It makes better environment and system to protect the proper business system. Apartfrom that, parliament is the worldwide perform three core functions. Parliament is another mostrequired and essential part of the regulatory bodies. They perform legislative function which islargely important and necessary for making business law regulations and activity. Government structure and parliamentary structures are both play a very essential role inorder to meet the needs of the organizations (DAILY, KIEFF and WILMARTH JR, 2014).Along with that, it is the compulsory making task oriented goods which helps to make theessential process making good task oriented goals. At the time making policy in step one allruling party take big conferences of the ruling party where policies are made. While meeting hasoccurred many issues have been discussed in order to take better results and task oriented goals.In further step 2 all executives' ministry drawn up policy on an issue where all the ruling partyattempts and ready to transfer the party policy into official government policy. All policies aremandatory to be followed as per the government decision. In third process of making policies allkinds of bills. Next process or step in which all policies is finalized by the relevant department2
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