Business Law: Sources, Procedure, Company, Employment, Contract, Legal Formation, Managing and Funding of Organizations
Added on 2023-06-05
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Business Law
Table of Contents
INTRODUCTION...........................................................................................................................2
MAIN BODY...................................................................................................................................3
P-1. Define several sources of law..............................................................................................3
P-2. Properly explain procedure of creating law and define purpose of statutory and common
law in court rooms.......................................................................................................................4
P-3. Explain company, employment and contract law in brief...................................................5
P-4. Legal formation of different organisations..........................................................................5
P-5. Explain managing and funding of different organisations..................................................6
P-6 Recommended suggestions towards case laws mentioned below........................................7
Conclusion.....................................................................................................................................10
References:.....................................................................................................................................10
INTRODUCTION
Laws are made for maintaining law and order in the country. It prohibits the unlawful activities
and make sure that each and every individual abide by the statutes that are being drafted by the
parliament or legislative authority of the state(MacFarlane, 2021). There are numerous laws that
have been made in United Kingdom that regulates the functioning of the business organization.
INTRODUCTION...........................................................................................................................2
MAIN BODY...................................................................................................................................3
P-1. Define several sources of law..............................................................................................3
P-2. Properly explain procedure of creating law and define purpose of statutory and common
law in court rooms.......................................................................................................................4
P-3. Explain company, employment and contract law in brief...................................................5
P-4. Legal formation of different organisations..........................................................................5
P-5. Explain managing and funding of different organisations..................................................6
P-6 Recommended suggestions towards case laws mentioned below........................................7
Conclusion.....................................................................................................................................10
References:.....................................................................................................................................10
INTRODUCTION
Laws are made for maintaining law and order in the country. It prohibits the unlawful activities
and make sure that each and every individual abide by the statutes that are being drafted by the
parliament or legislative authority of the state(MacFarlane, 2021). There are numerous laws that
have been made in United Kingdom that regulates the functioning of the business organization.
Business laws provides certain guidelines which are required to be followed by the business
units all over the country. And if in case any organization fails to abide by these set norms they
have to face the legal consequences for the same(Bocharov, et.al, 2019). This report defines
various sources of law such as, legislation, common law, etc. It also explains the process of
making laws and the purpose of statutory and common law. Further, it also explains the concept
of company law, contact and employment law briefly. It also covers the legal formation of
various organizations.
MAIN BODY
P-1. Define several sources of law
Although the law in United Kingdom split geographically, it is governed by four sources of law,
which are categorised according to the topics eat source address is:
Legislation: its role as the engine for electing, amending and repealing laws means that it
possesses a variety of functions and powers that, in the end, will work with statutory provisions
and operational processes. It is one of the highest bodies in the nation and coordinate with all
branches of the legal system. Primary legislation and delegated legislation of the two categories
in which legislation is split. Aside from the European Union, it’s serve as the top lawmaking
body. Updated legislation has legal bodies that have control over the legislature(Dnes and
Garoupa, 2022).
Common law: this division is crucial to the creation of law since it applies the legal process to
stab list by earlier decisions. If necessary, Parliamentary action will produce a broad viewpoint.
This common law existed in the past before the well-known judicial system was created. The
king was the highest ranking official in the kings government, and whatever laws he issued
became enforceable throughout the entire real deal(Dobbs and Stefan, 2021). Common laws are
very well in the air among the most frequently observed laws; they set each legislation apart and
occasionally allow for the passage of truly exceptional laws and opinions in Parliament.
European Union: The European Union was founded to serve the requirements of its members
which became clear after world war second. Despite the fact that this union was designed to
prevent conflict, people started acting more civilised. This is made up of 28 nations, and as a
result, each of these nations dominates its global market. Given that the majority of developed
units all over the country. And if in case any organization fails to abide by these set norms they
have to face the legal consequences for the same(Bocharov, et.al, 2019). This report defines
various sources of law such as, legislation, common law, etc. It also explains the process of
making laws and the purpose of statutory and common law. Further, it also explains the concept
of company law, contact and employment law briefly. It also covers the legal formation of
various organizations.
MAIN BODY
P-1. Define several sources of law
Although the law in United Kingdom split geographically, it is governed by four sources of law,
which are categorised according to the topics eat source address is:
Legislation: its role as the engine for electing, amending and repealing laws means that it
possesses a variety of functions and powers that, in the end, will work with statutory provisions
and operational processes. It is one of the highest bodies in the nation and coordinate with all
branches of the legal system. Primary legislation and delegated legislation of the two categories
in which legislation is split. Aside from the European Union, it’s serve as the top lawmaking
body. Updated legislation has legal bodies that have control over the legislature(Dnes and
Garoupa, 2022).
Common law: this division is crucial to the creation of law since it applies the legal process to
stab list by earlier decisions. If necessary, Parliamentary action will produce a broad viewpoint.
This common law existed in the past before the well-known judicial system was created. The
king was the highest ranking official in the kings government, and whatever laws he issued
became enforceable throughout the entire real deal(Dobbs and Stefan, 2021). Common laws are
very well in the air among the most frequently observed laws; they set each legislation apart and
occasionally allow for the passage of truly exceptional laws and opinions in Parliament.
European Union: The European Union was founded to serve the requirements of its members
which became clear after world war second. Despite the fact that this union was designed to
prevent conflict, people started acting more civilised. This is made up of 28 nations, and as a
result, each of these nations dominates its global market. Given that the majority of developed
nations are part of this union, it also benefits market dominance globally. Additionally, the idea
was to foster peace and put an end to battles between all nations.
European convention of human rights: The only objective of the European convention and
human rights is to promote and maintain world peace. The main reason for holding this
convention is to improve everyone’s quality of life and foster progressive nations. This
association specifically looks out for the effective incorporation of human rights legislation and
practises inside commercial organisations and various other sectors. Human rights or one thing
that require careful diplomacy, and as society changes, there are always fresh modifications to be
made (Khan, et.al, 2019).
P-2. Properly explain procedure of creating law and define purpose of statutory and common law
in court rooms.
Statutory law: this is the law that the United Kingdom‘s legislation has produced in written
form. The fundamental tenets of it is that judges apply it, that they utilise its language, and that it
operates in the justice court. It is usually employed in its most basic form because it cannot be
justified for financial end.
Procedure of application in justice court: This technique and we describe using an old case from
1836 called R versus Harris, in which the accused which the victim‘s nose and it was stated in
the statute that stab, cute, or injure another person is a crying but not biting. The accused was
released and more charges were brought against him as a result of this. This example illustrates
the laws literal meaning, and the term can only be used in that sense; it cannot be altered in any
way to achieve the desired result(Glazer, 2021).
Common law: In the simplest terms, this law can be described as a decision is made in court for
unique situations are instances that could only be put into practice in litigation. It began in the
early Middle Ages of Kingscote, where the rulings of the king or turn into loss. Using this idea,
occasionally, remarkable rulings from supreme benches are approved by legislation and put into
effect in acts of Parliament.
Procedure of application in justice court: Application procedure in a court of law: using this law
in court rooms is quite common and simple to defile. These presidents setting cases are cited in
the case law and are offered a support for the current case(Jan, 2020). There are numerous
related case laws to be to 1 m in order to benefit from them in their own case law and update the
was to foster peace and put an end to battles between all nations.
European convention of human rights: The only objective of the European convention and
human rights is to promote and maintain world peace. The main reason for holding this
convention is to improve everyone’s quality of life and foster progressive nations. This
association specifically looks out for the effective incorporation of human rights legislation and
practises inside commercial organisations and various other sectors. Human rights or one thing
that require careful diplomacy, and as society changes, there are always fresh modifications to be
made (Khan, et.al, 2019).
P-2. Properly explain procedure of creating law and define purpose of statutory and common law
in court rooms.
Statutory law: this is the law that the United Kingdom‘s legislation has produced in written
form. The fundamental tenets of it is that judges apply it, that they utilise its language, and that it
operates in the justice court. It is usually employed in its most basic form because it cannot be
justified for financial end.
Procedure of application in justice court: This technique and we describe using an old case from
1836 called R versus Harris, in which the accused which the victim‘s nose and it was stated in
the statute that stab, cute, or injure another person is a crying but not biting. The accused was
released and more charges were brought against him as a result of this. This example illustrates
the laws literal meaning, and the term can only be used in that sense; it cannot be altered in any
way to achieve the desired result(Glazer, 2021).
Common law: In the simplest terms, this law can be described as a decision is made in court for
unique situations are instances that could only be put into practice in litigation. It began in the
early Middle Ages of Kingscote, where the rulings of the king or turn into loss. Using this idea,
occasionally, remarkable rulings from supreme benches are approved by legislation and put into
effect in acts of Parliament.
Procedure of application in justice court: Application procedure in a court of law: using this law
in court rooms is quite common and simple to defile. These presidents setting cases are cited in
the case law and are offered a support for the current case(Jan, 2020). There are numerous
related case laws to be to 1 m in order to benefit from them in their own case law and update the
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