Business Law Assignment - Solved (Doc)
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Added on 2020-10-04
Business Law Assignment - Solved (Doc)
Added on 2020-10-04
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BUSINESS LAW
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1P1 Detail description on various sources of UK law..................................................................1P2 Role of government while commencing law within UK and how statutory law andcommon law are applied in justice court.....................................................................................2P3 Impact of company, contract and employment law on business organisation by taking theexample of UK company............................................................................................................3P4 Different types of business organisation with its method of legal formation........................4P5 How above organisation are managed and funded on regular basis......................................5P6 Recommendation of legal solution for solving the range of dispute using relevant example......................................................................................................................................................6CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONThe law which deals in the sector of trade and business is called business law. It isnecessary because because it tries to maintain the decorum at the time of conducting any kind ofbusiness activity (Kraakman and Hansmann, 2017). The main source of Business law in UK islegislation who have the power to commence law. The main purpose to prepare this projectreport is to enhance the knowledge regarding sources of UK law and role of government on lawforming process. As file is related with business law so major focus will be on the variousbranches of it which cover employment law, contract law and company and even there will bedetail procedure of various types of business organisation with its formation process. Thediscussion will be ended by solving case studies where focus will be on recommendation thathow it can be given with the help of legal process. For conducting this lengthy process GlobalSolicitor will give appropriate recommendation in every situation. MAIN BODYP1 Detail description on various sources of UK law.Law should be commenced in ever country where different sources are used so that it canbe formed in one of the finest way. The different sources of United Kingdom law are listedbelow with its detail information: Statutes are the main sources in almost every country and even UK does the same. Here,member of parliament need to come up with new ideas and plans through which level of decencycan be maintained with in the country (The English legal system, 2018). Statutes are mainlycommences once any problem arises or might arise in the future and as per the requirement ofany specific nation because UK law are formed for four nations and they are England, Wales,Northern Ireland, Scotland. Delegated Legislation is also one of the form of commencing law in UK. Here, Act ofParliament try to distribute the power of commencing law into different hands. The power ismainly delegated to ministers of all the nation where they can commence new law as per thedemand of situation. But in this it is important that any law which has been commenced shouldnot contradict Statutes and if it does then it is not allowed. Because in this situation law willcommence through the source of statutes 1
Common law is also one of the important body in UK which commence law after havingthe detail overview on cases. The authority of commencing law through common law is since11th century. It is also know as case law. Here, law is developed by tribunals, courts andauthorised judges. It is completely different from statutes because it prefers to commence thoselaw which have been not written by legislation. It is necessary that everyone obey the law. European Union Law (EU Law) is the most important body when it comes to form anylaw in UK. There are 52741 laws in UK which have been commenced by EU law (EU law inUnited Kingdom, 2017). UK become the member of EU in year 1973. The main focus of thislaw is in the area of trade, agriculture, finance. Any law which have been commenced by EU willbe directly implemented to member states of it.P2 Role of government while commencing law within UK and how statutory law and commonlaw are applied in justice court.It can be easily understood that government of UK plays necessary role whilecommencing any law in UK because Parliament of United Kingdom is Sovereign. But, it isimportant to follow the procedure which have been given by the Act of Parliament. Altogether,there are seven steps which need to be followed and if approval from every process is obtained,then only it will be finalised as legal law or Act. Firstly, members of parliament try to find theactual reason that why new law is required and what can be the consequences of it. The processstart from preparing the bill which is required to be submitted for First Reading (Allen andKraakman, 2016). In first reading, normal formalities are to be done where debate betweenmember doesn't take place. Now, bill is required to be presented in second reading where firstopportunity for debate is given to Member of Parliament. Here, bill required maximum time oftwo weeks. When bill reaches to committee stage it need to be examined in detail. Even opinionof outsider is also required in this. If changes are to be done then MPs need to forward the billfor Report Stage (Lyons, 2013). In Report stage, priority of is given to the Member ofParliament for considering the points which are not cleared and should be amended. The timegap which is require in report stage is not fix as it might take additional time for completing thework on time. Then, Third reading is to be conducted where house of Common gets the lastopportunity to discuss on the bill which has been proposed in Parliament. Even if conflict arisesin third reading then voting is to done to find whether bill need to be send for next process or not.If House of common agrees to send further then it is forwarded to House of Lords. Now, they2
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