(Doc) Business Law Assignment Solved
Added on 2020-10-05
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BUSINESS LAW
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................1a) The meaning of statement and the various sources of UK laws .......................................1b) The role of government in law – Making process and application of statutory and commonlaw in Justice courts................................................................................................................3c) Potential Impact of Company, Contract and employment law on business.......................4TASK 2 (LO 3)................................................................................................................................6Different types of business organisation which are legally formed......................................6TASK 2 (LO 4)................................................................................................................................8CASE 1...................................................................................................................................8CASE 2 .........................................................................................................................................10CONCLUSION..............................................................................................................................12REFERENCES .............................................................................................................................13
INTRODUCTION Business law refers to the rules and legislation which are applicable to the companies andmust be complied by every organisation for operating their business activities. Law provideguidance and direction to organisation (Allen and Kraakman, 2016). This assignment willinclude The various sources of law and the role of government in law making process.Moreover, the study will contain information regarding application of statutory and common lawin justice courts. Furthermore, It will provide understanding of different sources of fundingavailable with organisation. Also, The assignment will provide recommendation for resolvingdisputes through use of appropriate legal solution. In Addition, The study will giveunderstanding about the impact of company, contract and employment law on business. It isimportant for organisation to have understanding about various laws and legislation forunderstanding the impact of those legislations on their business. It is important to have
understanding about different forms of organisation which are legally formed. This assignmentwill give understanding about the management and funding for organisation. Organisation byidentifying the different sources of legislation will be able to get better understanding about theimpact of those laws on their business activities. This assignment will include the conclusion ofthe whole study in a summarized form to provide better understanding.TASK 1a) The meaning of statement and the various sources of UK laws Sovereignty means the supreme authority which the various powers. The Parliament issovereignty which means that is the supreme authority to pass any Bill and make it an Act. . Ithas the authority for making legislation. This statement means that the parliament is having theauthority to bill the pass for the legislation and is having the authority to pass the Act. Accordingto This statement Queen is the approved body for the approval of bill passed by parliament.The following are the UK laws:Statutory law : It is written law which is passed by legislature. The parliament is havingthe supreme authority for making the statutory law. The sources of Statutory law includesPrimary and delegated legislation (Miller and Jentz, 2017). There are two types oflegislation primary and delegated. Primary legislation includes the Act of parliament orstatutes. Whereas delegated legislation are those which includes statutory Instrument andare made by people acting under the authority of Parliament. In delegated legislation theauthority is given to minister or any other party to make legal provision. The principlelegislature is parliament which is based in London. The parliament of UK consist ofHouse of Lords and House of Commons. House of lords have 800 members of parliamentin which 600 are formally appointed by Queen on the recommendation of prime minister(Allen and Kraakman, 2016). House of commons consist of 650 members and eachelector have on vote. The statutory laws are made after presenting the bill in parliamentand then after the royal ascent the Act of parliament becomes Law in UK.Common law : The common law are those in which the decision taken by any seniorappellate courts becomes the part of law and are applicable to the future cases having thesame facts which are related to the past decision taken by court. As per the common lawthe decision made by judge in the past cases becomes applicable to other cases which are
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