Business Law Sources Doc

Added on - 04 Oct 2020

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BUSINESS LAW
Table of ContentsNTRODUCTION.............................................................................................................................3MAIN BODY...................................................................................................................................3P1 Detail information about the sources of UK law...................................................................3P2 What is role of UK government at the time of forming law and even explain how statutorylaw and common laws are being applied in Justice Court..........................................................4M1 Provide an evaluation of the effectiveness of the legal system in terms of recent reformsand development.........................................................................................................................6P3 Explain with the help of example that what are the main impact of company law,employment law and contract law on business organisation......................................................6M2 Identification of difference between legislation, regulation and standards.........................7P4 Careful exploration of how different types of business organisations are legally formed....7P5 How above mentioned organisation are managed and funded..............................................9M3 Detail assessment on pros and cons of the different business organisation on the basis oftheir formation.............................................................................................................................9P6 Providing the best form of legal solution in the condition where conflict arises between theparties using the relevant examples...........................................................................................10M4 Comparison and evaluation of the different sources of legal advice and support..............12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
NTRODUCTIONThe law which deals in the field of commence is called business law. It is one of the mostimportant law in everyone's life because it deals in that sector of law where requirement of law ison regular basis. Business law is one of the vast term which covers different branch under it.Even it deals with the creation of new venture and try to fix the issues which arises in front of theorganisation. The main motive of this file to give legal advice on behalf of Global Solicitor. Theadvices will be given on the source of UK law and what is primary object of government at thetime of making law. Various examples will be included in different question which will help tosupport the answers that how business law have the impact on business entity. Even their will bedetail information regarding the incorporation process of the company what are the essentialrequirements of it with pros and cons. When it comes to end, legal advices will be based on casestudies as it is one of those matter which is very helpful to understand the topic in detail.MAIN BODYP1 Detail information about the sources of UK law.It is never easy to constitute any kind of law as it required to cover each and everydepartment so that criminal activities can be reduced in future. And for that it is necessary thatpower should be delegated to several bodies as it helps to form one of the best law where publicare also satisfied. In context of UK, there are different sources through which laws arecommenced because UK cover four different nation which are England, Wales, Northern Irelandand Scotland (Allen and Kraakman, 2016). So, it is necessary that help different law makingbodies is taken to constitute new law and that bodies are:Legislation:It is the supreme body in United Kingdom which constitute law and even itis mandatory to follow the guidelines of it because laws which are commenced underlegislation are made for the betterment of general public. It is necessary that laws whichare formed under legislation must be obeyed by everyone as it helps to maintain thedecorum.Statutes:In this, the new innovative ideas are required which must be related with theconstituting the law. Here, this is one of the source where laws are commenced for thefirst time then if changes are required then it can be done by the respective nation or areaas per the requirement of law.
Common law:The law under common law are commenced as per the requirement ofcondition where it judged that which kind of law is required to be commenced so thatappropriate decisions can be taken. It has been also termed as case law because under thismainly laws are commenced on any particular situation. Here, common law must notover rule legislation as they are the supreme authority and no one has the capacity tochange the law which are commenced by them.European Union Law:It is backbone of UK when it comes for commencing law as52741 laws has been introduced by them which covers near around more than 50 % ofthe total laws in UK (EU law in United Kingdom, 2017). The authority has been givensince 1973. European Union law has the specific area under which they are required tocommence law and those area are finance, trade etc.These are some of the sources of United kingdom under which laws are beingcommenced in United Kingdom. And it is compulsory that this laws are being followed byeveryone and even government should also focus that if there is requirement of any changes thenthey should do that also.P2 What is role of UK government at the time of forming law and even explain how statutorylaw and common laws are being applied in Justice Court.It is not one of that easy process in UK to commence law as government is the supremebody which need to commence law within UK. It is can also be proved from the statement“Parliament is Sovereign”. Government need to understand the demand and situation of the localpeople that what are their willingness from government and as per the requirement laws arerequired to be commenced. The process starts when any any of the suggestion is received by theMember of Parliament as they are the one who are elected by the process of voting. They are therepresentative of public so they must take the suggestion from them and after that they mustaddress the points so that it can be further send to House of Parliament just to ensure thatwhether the points are valid or not and if they are not valid what can be done to entertain thedrafted bill in front of House of Parliament. There is the lengthy process which need to be startedonce bill is drafted (Backer, 2015).First Reading:The first stage is the initial stage where member need to complete theformalities which is formal in nature. It is necessary that points which are mentioned my
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