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Business Law Assignment - P1. Different sources of UK law

Added on - 22 Nov 2020

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Business Law
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1. Different sources of UK law.................................................................................................3P2. Role of government in law-making and application of statutory and common law injustice courts................................................................................................................................4TASK 2............................................................................................................................................6P3. Using specific examples illustrate how company, employment and contract law has apotential impact upon a business.................................................................................................6TASK 3............................................................................................................................................7P4. Explore how different types of business organizations are legally formed..........................7P5. Explain how business organizations are managed and funded.............................................8TASK 4...........................................................................................................................................9P6. Recommend legal solutions for resolving a range of disputes using examples followed bya recommendation.......................................................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness law comprises legal provisions that govern commercial transactions of anorganization. It regulates environment in order to run the business smoothly. It provides a legalvalidity and authentication to dealings and contracts done in the ordinary course of business(Azadeh, Darivandi and Fathi, 2012).The report covers, nature of UK legal system along withdifferent sources of law, role of government in law making process and implementation ofcommon and statutory law in justice courts. Furthermore, impact of various laws upon a conductof a business, different forms of organizations formed legally along with there management andfunding. Furthermore, legal solutions for resolving conflicts and a recommendation ofappropriate method.TASK 1P1. Different sources of UK lawEnglish legal system is applicable in England and Wales which is based on principle ofjudicial principle. It provides rules and norms governing citizens of UK. It is divided into manytypes of laws such as common and statutory, civil and criminal, private and public. It legalsystem is considered complex with requirement of amendments to make it more effective andpowerful. There are courts systems who have defined jurisdiction to resolve cases. Furthermore,various sources are available to gather information about laws which can be used for takingbenefits. These are as follows:Primary sources:Bare acts and original information are contained in such sources.These are data extracted directly from their origin. Some of these have been explainedhereunder:Case law:These include judgements passed by courts based on legal principles. UK'sjudiciary system works on doctrine of judicial precedents, in which decisions are passedon the basis of previous case laws. A lawsuit with similar situations are resolved withdetermination that has already made(Boyarsky, and Gora, eds., 2012)Legislation:Parliament has the authority to pass bills that will be enacted as acts, whichwill govern rights of citizens. The constitution of UK is not completely written, however,laws have been passed for the portion which has been penned. The authenticity of actscan not be challenged.
Secondary sources:When original information are interpreted or used by a person suchas authors or researchers, they are treated as secondary. Various secondary sources have beendefined below:Legal encyclopaedias:The most authentic and widely used legal encyclopaedia isHalsbury's laws of England and Wales.It is a well arranged source that consists opinionsof experts such as lawyers. It has defined various terms which are used in legally.Parliamentary publications:Debates of House of Commons and House of Lords,debates of parliament etc. are published in Hansard which is used to know the highlightalong with reason of enacting a law(De George, 2011).Non-parliamentary publications:The reports prepared and presented by governmentagencies and departments are put in this sources. Generally, these are available at officialsites of such department or agency.Law commission:UK government has developed a body of independent panel who areresponsible for evaluation efficiency and working of laws that have been enacted andmake recommendation so required. The report submitted by the commission is disclosedto wider public and interested parties for their suggestions.Law journals:Legal articles are parts of law journals which contain extensiveinformation about various provisions. These are generally arranged alphabetically andcan be found in library. The database includes rules and supplements which will help ingaining better knowledge about laws.Textbooks:These are best source to increase awareness about laws that are applicable.Textbooks written by authors contain legal terms along with their scope in an easy andinterpreted way(Folsom, and Et. Al, 2012).P2. Role of government in law-making and application of statutory and common law in justicecourtsGovernment assess existing system regarding legal, taxation, environmental and manymore to determine areas of improvement to remove or reduce inefficiency in legal system. Theroles have been divided and each of them have assigned certain powers which are exercised.Roles are as follows:
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