Business Law in the UK
Added on 2020-10-23
17 Pages5496 Words173 Views
Business Law
Table of ContentsINTRODUCTION ..........................................................................................................................1Section 1...........................................................................................................................................1TASK 1............................................................................................................................................11. Discussion over ‘Parliament is sovereign’ and various source of UK laws.......................12. Different roles of government in the law making process and how statutory and commonlaw are applied in the justice courts.......................................................................................33. How Company law, Employment law and Contract law have made impact upon business..4TASK 2............................................................................................................................................51. Nature and formation of different types of business,.........................................................52. Difference between unincorporated and incorporated business making and its advantagesand disadvantages...................................................................................................................63. Advantages and disadvantages of company over partnership firm....................................8Section 2...........................................................................................................................................9a) Recommend appropriate legal solution for resolving disputes using case laws or statutes.9CASE 1...................................................................................................................................9CASE 2.................................................................................................................................10CONCLUSION..............................................................................................................................12REFERENCES ...............................................................................................................................1
INTRODUCTION Business law can be defined as the law which is related to the part of businesses. It guidespeople how to form business and what are the necessary documents required to form abusiness(Business Law and Legal Definition, 2018). It mainly covers the section of Corporatelaw, Intellectual Property Law, Tax Law, Contract Law, Property Law, Negotiable Instrumentlaw etc. It is directly connected with business because if any changes occurs in business law thatmeans way of business operating itself changes. It is necessary for every individual to havecertain knowledge regarding business law so that they can take there decision in better manner. InToday, in this report, the main discussion is all about different laws which are regulatedin UK with addition to increase our general knowledge regarding business law. Also, it containinformation regarding UK law that how it is implemented, who have the power to make law withits sources. In addition, cases are solved where how formation is done in various association etc.In second part, discussion is related with two different cases where first case wants to describeabout contract and breach of contract and what are its remedies where as second cause wants torelate with Alternative Dispute Resolution. Section 1TASK 11. Discussion over ‘Parliament is sovereign’ and various source of UK laws.Sovereign can be defined as the rights and authorities of a governing body over itself,without any disturbance of outsiders or other bodies of government. “Parliament is sovereign”means that even supreme court doesn't have the power to clear-cut and say that declared law isunconstitutional. At present there are different legal bodies and institutions are engaged to tohandle the matter related to politics. But some of supreme powers shows the main differencebetween central , higher and lower authority(Allen and Kraakman, 2016). Every year in themonth of October and November the government bodies declares their programs relating tolegislation only after the speech given by Queen at the state of opening parliament. But thepower to declare the final decision is only on the hand of Queen or parliamentary memberswhich shows the sovereignty in authorised bodies. In UK there is not a single law that futureparliament cannot overrule. 1
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