Business law : Solved Assignment PDF
Added on 2021-02-21
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BUSINESS LAW
Table of contentINTRODUCTION...........................................................................................................................3SECTION 1......................................................................................................................................3TASK 1............................................................................................................................................3a) Sources of United Kingdom law..............................................................................................3b) Role of government in Law making and application of statutory and common law in thejustice courts................................................................................................................................4c) Impact of employment, contract and company law on business.............................................6TASK 2 ...........................................................................................................................................9Different types of business ..........................................................................................................9Difference between Incorporated and Unincorporated businesses............................................10Advantages and disadvantages of Partnership and a company..................................................10SECTION 2 ...................................................................................................................................11TASK 3..........................................................................................................................................11CASE 1..........................................................................................................................................11CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15
INTRODUCTIONBusiness law which is also called by name of commercial law refers to all such laws andregulations which lays down the provisions regarding how to create and operate a businessentity. Such laws include provisions related to formation of a company, winding up of acompany, takeover, sell of , appointment of directors etc. In other word, business law regulatescontracts of a company, hiring rules and policies, sale of consumer goods, company formation &liquidation (Miller, 2015). The purpose of company law is to create an organized environmentwithin which all the business activities must be conducted. Business law's objective includeprotection of rights, maintaining order, creating standards and resolving disputes related tobusiness.The present project report is about business law in United Kingdom like; differentsources of English law, government's role in law making process of country, contract, companyand employment law's impact on the business. Further, the report will highlight different kindsof business, difference between incorporated and unincorporated business and how they arefinanced and managed along with the advantages and disadvantages of partnership and acompany. Lastly, a segment of this report will include appropriate legal solutions for the givencase studies.SECTION 1TASK 1a) Sources of United Kingdom lawThe State Opening of Parliament is a meeting or an event which is conducted fornotifying the beginning of a session of United Kingdom Parliament. This State Opening exhibitsBritish culture, history, and politics to large number of people. Queen's Speech is the waythrough which list of number of laws which the government desires of getting approved byQueen in the coming year is showcased. By custom, it is presented in the presence of MPs, peers,dignitaries in the Parliament's upper house which is House of Lords. The contents of the Queen'sSpeech highlights the priorities of new ministers and sets the scene for the upcomingParliamentary battle (Mann, and Roberts, 2015). UK has derived its legislation from several sources over the time. These are discussed asfollows:Legislation/ Statue:
The rules and regulations which is formed by the country's legislative body is known asLegislation or Statute. This includes all the Acts of Parliament which are applicable on each andevery citizen equally. Legislative body of UK is British Parliament which is based in the capitalcity of England that is London. This body have the ultimate power of passing the laws for all thenations of UK. Common Law:It means decisions of courts which are recognized as legal precedents that are to becomplied by all the subordinate courts in the nation. These are unwritten laws unlike statute,which are applied by the courts for passing the decree in the similar cases. It is called as case law(Allen and Kraakman, 2016). It is a source of law in the sense that they are required tom beconsidered by the judges when they are confronted with similar kind of cases. The decision ofupper courts becomes a part of English law.European Law:United Kingdom is associated with European Union which signifies that law of EuropeanUnion (EU) is considered first than UK Law or EU law is prioritized over UK law. Forexample,A convention of EU on Human Rights is one of the regulation which have to becompulsorily followed by United Kingdom since, it is part of EU.International Conventions/ Treaties:Conventions and treaties means written agreements which countries willingly signs andratifies. This ratification on such written agreements by the nations are incorporated into theirrespective legislation and becomes a part of law. There are many UK laws which are theoutcomes of convention and treaty such as UN Convention on Elimination of all forms of RacialDiscrimination which was ratified by UK in 1969 (Sources of International Law, 2019).Constitution:Constitution is a source of law as it is the body which segregates the law making powerbetween the legislature, executive and judiciary. Constitution of UK along with this, also laysdown the fundamental rights of citizens of country. It states the fundamental principles throughwhich government exercises its powers and authority (Cox, 2015). b) Government's role in law making process and application of Legislation and common law inthe justice courtsGovernment's role :
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