Principles Of Busienss Law
Added on 2021-02-21
8 Pages2482 Words89 Views
Business Law
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1TASK 2............................................................................................................................................2TASK 3............................................................................................................................................3TASK 4............................................................................................................................................4CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................7
INTRODUCTIONBusiness law includes rules and laws which regulate working of an organization. Abusiness can run lawfullywithout any hindrance by abiding by applicable legislations. It hasother names as well which are mercantile law or commercial law (Clarkson, Miller and Cross,2014). It does not involve any activities of criminal nature, therefore, it is made a part of civillaw. It regulates many areas such as bankruptcy, partnership, company etc. In this report, primeprinciples of legal system together with process of making a law, sources of law, differencebetween an employed and self-employed through a benchmark case has been discussed.Furthermore, different types of organizations by putting focus on registered company andsolutions for legal disputes have also been provided. TASK 1In this case, Kango is a partnership firm formed by Jay and Alex in 2016 for homedelivery of meals.The location where it is situated is one of the finest places in Londonand itwas making profit in initial stage resulting into expansion of business into other localities.However, it has failed in conducting its business quite a few times due to which has effect tillthis date therefore, it believes that knowledge of law will remove the hardship. English legal system is one of the branches of legal system exist in United Kingdom. Ithas been used as a foundation for laying legal structure in other countries. There are rules andlaws in this system which are applicable throughout UK and every individual and organizationsare under a duty to follow each one of them. Parliament is sovereign is the main principle in thecountry. This states that, the highest authority to makes laws or amend them is with WestminsterParliament and no one can challenge the validity of it. The decisions of every court is below theorder or judgement made by the Parliament (.Baker, 2019). English legal system is a well defined system which comprises many different laws andrules. The system has evolved with the time and has undergone drastic alterations. However,there is a huge requirement of further reforms for making it better and effective. In other words,UK's legal system has failed to work appropriately which made it clear that there is a huge scopeof improvement. All the defaults can be made good by introducing laws and rules which shouldbe gone through the bill passing procedure. The process is as follows: First reading: In this, a bill is put before the members of the Parliament. 1
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