Business Law Sources: Assignment

BUSINESS LAW

Table of Contents
INRODUCTION .............................................................................................................................4
SECTION 1......................................................................................................................................4
TASK 1............................................................................................................................................4
Discussion on the point ‘Parliament is sovereign’ with various sources of UK law..................4
Explain the major role of government in law making process and how statutory and common
law are applied in the justice courts............................................................................................6
Illustrate how company, employment and contract law has a potential impact upon business
organisation.................................................................................................................................8
TASK 2............................................................................................................................................8
Formation of different types of business organisation................................................................8
Advantages and disadvantages of unincorporated and incorporated business with its difference
between in terms of starting process. .......................................................................................10
3. What are the advantages and disadvantages of company over partnership firm..................10
SECTION 2....................................................................................................................................11
Solve Disputes With Appropriate Case Laws & Legal Solution...................................................11
CASE 1......................................................................................................................................11
CASE 2......................................................................................................................................12
CONCLUSION..............................................................................................................................14
.......................................................................................................................................................14
REFERENCES..............................................................................................................................15

INRODUCTION
Business law is defined as the system of law is enforceable to manage all the commercial
work which are being conducted on daily basis. It is one of those law which provide guidelines
to different sectors regarding how business activities can be conducted (Miller and Jentz, 2017).
Various laws which falls under the category of commercial law are: intellectual property,
contract, company, taxation law etc. It is mandatory for every organization to follow the
guidelines of mercantile law to make themselves safe from different penalties. The most
important aspect is that it helps to solve all those legal issues which are related with corporate
sector through the process of Alternate Dispute Resolution. Also it helps to protect the rights of
every individual.
This project report will be helpful in find the major source of UK law and how it is
formed and who have the supreme power to take all necessary decisions of law. There will be
detail information about incorporated and unincorporated association and how it is beneficial for
small investor. Different case studies are also solved with best alternate solution with the help of
similar cases which have been previously discussed in Companies House.
SECTION 1
TASK 1
Discussion on the point ‘Parliament is sovereign’ with various sources of UK law.
‘Parliament is Sovereign’ is simply defined as the supreme body which have the power to
implement any kind of rules and regulation in the premises of its territory. In UK the power of
makes any law in the premises of UK which included Scotland, England, Northern Ireland and
Wales. the laws which are enforced the parliament cannot be challenged by any people who are
present in the country. Parliament is divided to two parts and they are House of Lords and House
of Commons (Mann and Roberts, 2015). The final approval is always given House of Lords and
once it is declared by them even it cannot be amended or said as void even from the different
level of court which included mainly high and supreme court. The session of parliament is
generally started in the month of October and November every year. Every year the first speech
is always given be the honorable Queen and after listing to that speech the different government
party start to prepare their agenda for the rest of year.

The speech of Queen is mainly prepared by the judges of high court where main focus is
given on roles and responsibility of general public is mentioned. In UK parliament has the power
to amend or overrule any law or act as per the Royal Ascent Act 1961. The sovereignty of UK is
being conducted since 13th century where king has started the concept of parliament is sovereign
(Beatty, Samuelson and Abril, 2018). At present there is not a single which is to be followed by
the parliament UK and as they are said as the top level of authority in the premises of UK.
According to the people of UK the concept of ‘Parliament is sovereign’ has been successful but
since couple of year’s general public are willing to remove the process of sovereignty. At present
many of the laws in UK are prepared in accordance with the area and demand of local people
with the help of elected MPs.
The law of UK has been so vast the it cannot be understood easily as it has been
presenting it self so strongly so that no one can even try to break and rules and regulations of law
which are enforced. There are different sources of UK law which are to be followed by all the
nations which falls under United Kingdom and those ways are listed below with its complete
description:
Legislation is the supreme body who makes laws in the premises of UK. The laws which
are prepared under the process of legislation are made by the House of Parliament which is
located in London. The approval of crowned prince is to be taken mandatory which is mentioned
under the Royal Ascent Act (Cox, 2015). The person who have the major role in enforcing law
through the process of legislation is the hand of House of lords and House of commons.
Common law is one of those law where roles and responsibility is given to the different
level of court such as high and supreme court. Judges have been provided the authority where
they can make any new law only in those condition where legislation is silent or law which is
still silent. This law can be made by having the overview on similar cases which have been
entertained on international level. This types of law can be changed at any period of time with
the prior approval of parliament. Common laws are also legal biding in nature and even no one
can challenge it. If it is found that anyone is not following this law, then strict actions can be
taken by court.
European Convention on Human Rights (ECHR) is one of those law which are
implemented to protect the rights of general public of UK. This law is prepared according to the
condition of different nation of UK. This law has been much beneficial as it provides the right to