Assignment on Aspects of Business Law
18 Pages5368 Words196 Views
Added on 2020-06-05
Assignment on Aspects of Business Law
Added on 2020-06-05
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Business Law
Table of ContentsINTRODUCTION...........................................................................................................................1TASK1.............................................................................................................................................1P1) Different sources of laws and laws that are complied by firms............................................1P2) Role of government in making law and application of statutory and common law.............3TASK2.............................................................................................................................................7P3) Impact of law on business operations...................................................................................7TASK3.............................................................................................................................................9P4) Appropriate legal solutions for Sunset Ltd..........................................................................9P5) Justification for use of legal solutions................................................................................10TASK4...........................................................................................................................................11P6) Legal solutions based on different legislative system........................................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONBusiness law inculcates the majority of laws that manage how to shape and maintain anorganisation. This incorporates rules and norms that oversee how to begin, purchase, control andclose activities of a company . This build up guidelines that all organizations must follow for itssmooth and effective functioning. This act is introduced so that no fraudulent activities can takeplace and to prevent company as well as all the stakeholders from any kind of hardship. All business are indulged in various sorts of exercises (Awrey, 2010). Firm performsdistinctive practices like merger, acquisitions, offer of products. Purchasing raw goods,converting them into finished products, services that it avails to customers all these must becontrolled by some law that gets legitimization activities of association. Administration of UKnation has formed different laws with a specific end goal to execute a lawful and moral practicesin every condition. These all dependably helps in directing and close checking of unlawfulactivity by keeping in mind the ultimate objectives to attain more benefit. There are many lawsthat are executed bygovernment of UK and Statutory group of nation to guarantee equity to casualty of fraud. Thisassignment will help in achieving several aspect related to business law.TASK1P1) Different sources of laws and laws that are complied by firms.Law is a very important aspect which has numerous of rules and regulations that aremade to control and govern activities of surrounding, which includes society, administration andmany more. As to avail justice and righteousness to the customers and general public againstvarious criminal and fraudulent acts (Bartlett, Rhode and Grossman, 2016).Legal system of any nation relies on upon its historical study and present improvement rate ofany state. Legitimate arrangement of UK involves 3 stems as per distinctive land territories.English law bargains in England and Wales, Scott laws managed in Scotland while NorthernIreland laws are followed in Ireland. Common Law1
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