Business law - Assignment

   

Added on  2021-02-19

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Business Law
Business law - Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1SCENARIO 1 ..................................................................................................................................1Explain the nature of UK legal system by looking at different sources of law in UK. .........1Effectiveness of the legal system in terms of recent reforms and development must beevaluated.................................................................................................................................2Explain how statutory and common law applied in the UK courts........................................2Illustrate the potential impact of the law on client's business................................................2UK legal system has been going through reforms, as a legal practitioner you must evaluate theeffectiveness of these reforms and developments..................................................................3Differences between how legislation, regulations and standards could impact their businesses4SCENARIO 2...................................................................................................................................5Examine the formation of different types of business organisations.....................................5Illustrate with an explanation on different business organizations are managed and funded.6Advantages and disadvantages of the formation of different types business organizations..6Recommendations for resolving disputes using alternative dispute resolution methods.......7Compare and contrast different sources of legal advice.........................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
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INTRODUCTIONBusiness law is explained as the law which governs the commercial department of any ofthe nation. It has its own importance because it tells that how company is required to work forthe purpose of achieving there organisational goal. In context of the file, all the legal advice willbe based on Legal Practitioner in a Central London based law firm known as Hardy andMorrisons Solicitors. In this project, the discussion will be on legal system and what are its majorimpact upon any of the business organisation. In file, even points will related to commencementof a organisation and at last recommendations will be given to solve the dispute.SCENARIO 1 Explain the nature of UK legal system by looking at different sources of law in UK. The legal system of UK is of the most systematic and well developed system which tellsabout every single information through which working condition becomes easier. Every businessorganisation are required to plan there policies as per the system of law as it tells them that howwork is required be done and what are the essential things which need be covered while takingany of the decision. Altogether, there are four different sources of UK law which is categorisedbelow in detail:Act of Parliament:It is important source in context of UK where various authorisedperson is required to take part for commencing law. The laws which commenced by thecommittee of parliament is based on the requirement of general public. Common law: The method of commencing through common law is totally different aspower of commencing law is given is to the panel of Judges in that situation where any ofthe other sources are silent (PARTINGTON, 2013). European Union law: Almost half of the laws which had been commencement in UKare prepared by EU law. It shows its participation in every sector such as criminal,organisation, infrastructure and many more. European Convention Human Rights: It is also one of the essential source for UK as itis the main source which need to deal with the rights and responsibility of everyindividual. It has been helpful in delivering the best within the premises of UK.1
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Effectiveness of the legal system in terms of recent reforms and development must be evaluated.It is said that legal system of UK is stable and it is able to deliver each and every singlething which is required within the premisses of business organisation. It is being able to deliverevery single things which is required by an organisation. For example: plans and policies do notchange much and more due to which any of the business organisation is able to sustain for longerperiod of time. Various new laws are being formed for the purpose of providing advantage to anyof the new venture. In short, it can be said that it has been helping any of the businessorganisation to perform better within market just because of law and regulation. Explain how statutory and common law applied in the UK courts.In context of UK court, Statutory law and common law plays crucial role as it helps totake every single in best suitable manner. While talking about statutory law, rules and regulationsare written in it and because of that judges are required to understand the situation and needdecide that which law can be applied and according to that decision is required to be given(HONEYBALL, 2012). In case of common law, judges do get some sort of freedom as they arerequired to declare any of the decision of own because exact remedies are not mention in it. Byconsidering this judges take the help of any of the past cases which are similar in nature anddeclares its own decision. Case law: Thomas v. CookJudgement: It was one of the famous case where judges took the help of common law becauseexact remedies were not written in it.Case Law: Smith v AndersonJudgement: This is one of the case were judges found that remedies are written in statutory lawand because of that they took the help of statutory law to declare there decision.Illustrate the potential impact of the law on client's business.Business organisation is required to understand about the business law in detail becausethey will help to take most of the business decision. Different laws and regulation have differentimpacts because all are related to different field. Some of the law which is required to beconsidered by business organisation are explained below with there major impact on any of theassociation. Employment law: It is the law which informs that what kind of relation should be theirbetween employee's and employer. This law tells that when employer need to hire new2
Business law - Assignment_4

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