Partnership Advantages and Disadvantages Respectively

Added on - 21 Feb 2021

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Table of ContentsINTRODUCTION...........................................................................................................................3Section -1.........................................................................................................................................3TASK 1............................................................................................................................................3a. Explaining “Parliament sovereign” and sources of law.....................................................3b. Role of government in law making and statutory and common law application in justicecourts......................................................................................................................................4c. Illustration of company, employment and contract law potential impact upon business andelaboration by differentiating between legislation, regulations and standards to analysepotential impacts upon business.............................................................................................5TASK-2............................................................................................................................................6Exploring the nature and formation of different types of business:.......................................6Evaluate the differences between unincorporated and incorporated business to how they aremanaged and funded;.............................................................................................................7Advantages and disadvantages of a partnership and that of a company................................8SECTION 2......................................................................................................................................8Recommend legal solutions for resolving a range of disputes using examples to demonstratehow a party might obtain legal advice and support................................................................8Case law 1:.......................................................................................................................................8Case law 2:.....................................................................................................................................10CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................14Books and journals...............................................................................................................14
INTRODUCTIONLaw plays most important rule in society, it provides organisations people and business entitiesguidelines. Acts & rules are to promote healthy environment, boost ethical follow-up inrelationship of producers and consumers (Allen, 2017). The difference to accomplish or not toachieve ultimate goals, business is based on correct choices from legal point of view. It isgeneralised in two categories which are public law that is conducted by government of country, itportrays relationship between government and people of nation. In following study parliamentsovereignty,Royal queen speech, decision making sources of UK are discussed. The case lawsmentioned below are for better understanding circumstances of legal procedure in governmentincluding other diversions.Section -1TASK 1a. Explaining “Parliament sovereign” and sources of lawParliament sovereignty means it is the ground rule in United Kingdom, it declaredparliament as the highest legal authority. In its authority parliament can make new laws and endany as well. Its said that parliament is unwritten but actually its divided in several laws such asstatute law, common law and constitution provisions. Parliament does not have any limit to enactlaws, no other entity can revoke it's decision(Bayern, 2016). Royal Queens speech is the mostexquisite thing to watch every year at parliament opening, this speech is called “speech from thethrone”. This British ceremony is dedicated to celebrate culture and history. Procedure for it isgiven below:Legislation:Any issue related to society which causes sociological or geographical issues in countryis resolved by making laws and that power is with legislature of nation. It defines laws made bythe country's government, it's basically the power house of making society move forward to aclean, healthy and safe environment which they feel protected living in.There are two divisions of legislation :Primary :The legislative bodies of UK generate guidelines for creating laws. It consistact of parliament, and order in council to protect rules and regulations of country. Theseare numbered chronologically with the year of passing.The church of England
determines equipments methods by which new reforms are enforced plus keep eyes on itsproper administration and their workings.Secondary :After primary guidelines are provided by the legislative bodies,secondarylegislation creates the path for their enforcement. The church of England determinesequipments methods by which new reforms are enforced plus keep eyes on its properadministration and their workings(Bebchuk and Jackson, 2012). These instrumentsconsist of orders in council, which can pass special procedure orders which protect andprovide rights to people who are specially affected by the orderCommon lawThe formation of laws after bench of the court makes an jurisdiction that is remarkable .In simple terms when a law is formed after a case of dispute, or case law is followed forformation of law. In united kingdom certain cases where parties do not agree with jurisdiction ofcourt provides case laws that provided judgements that are relevant to the case shall imply thejurisdiction and that is a “common law”. This was an ancient practice by kings in old era. Thispractice was followed by many other colonies and was passed on to many different countries,today more than 50 countries across the globe have common law.b.Role of government in law making and statutory and common law application in justicecourts.Most of the acts which are present in legislation are combined attachments of bothstatutory and common law, they provide proper procedures to create correct jurisdiction inprocedures of case disputes(Besley, 2015). The government plays most important role inexecuting or making a new law there is a specific procedure to pass such laws which are calledbills in parliament. These are presented by parties in parliament and from their its a procedure ofseven steps which transform an bill into 'Acts' of parliament. The following steps are givenbelow represent step by step representation of passing a bill:First reading:It is the first formal stage in this process of converting a bill to an “Act”.Basic, purpose of the bill proposed is either for making new law or provide amendmentsin current law. At this stage its only presented in parliament and its meaning and purposeof presenting is explained.Second reading:At this step bill presented is discussed and nominated in favours andnon favours by minister's in parliament. It is discussed, debated and analysed on all
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