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TASK 1 English legal system - Business Law

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Added on  2020-12-10

TASK 1 English legal system - Business Law

   Added on 2020-12-10

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TASK 1 English legal system - Business Law_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3TASK 2............................................................................................................................................5TASK 3............................................................................................................................................6TASK 4............................................................................................................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10.......................................................................................................................................................10
TASK 1 English legal system - Business Law_2
INTRODUCTIONLaw is a system of rules that regulates a society including organizations and to providepunishment and fines for those committing various offence(s). The legislation or body of lawgoverning commercial transactions or dealings occurred during the lifetime of an organization iscalled business law (Adams, 2012). It is applicable from the time of its inception to winding upand buy or sell of any type of business. These are mandatory for every entity to follow. Thesemay include state, federal laws along with administrative laws. The report covers nature of legalsystem which explains sources of law and role of government in law-making. Further, potentialimpact of law on activities of an organization, formation of different types of entities, and legalsolution for resolving number of disputes followed by a recommendation (Miller and Jentz,2017). TASK 1English legal system has evolved with the time by going through number of reforms butin no case UK neglected to take into account the old and existing laws. UK is the only country,whose legal system has not ruled by any foreign rule power. Its legal framework is divided intothree parts for England and Wales, Scotland and Northern Ireland. Moreover, the constitution ofUK is partially written and codified for which Parliament has already enacted laws to governrights of citizens living in the country (Beatty, Samuelson and Abril, 2018). Parliament ofWestminster has the highest authority to make laws. Furthermore, doctrine of judicial precedentsis followed in UK on which case laws are decided.In the given case, KANGO has been facing numerous problems and is in the opinionabout giving appropriate and required knowledge about English Legal System to its staff. A draftreport will be prepared which will comprise of sources through which applicable legislation willbe known. The sources in UK legal system which provides information about laws, that KANGOwill have to be complied with. These are as follows: Primary sources: The data or detail about laws captured or contained in its original formis treated as primary. Below-mentioned are some sources: Case law: Decisions passed by judges in lawsuits in called case law. Future cases aredecided on judgements made previously, hence, it is known as legal principle of judicialprecedents.
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