Business Law Assignment - Sources of UK laws

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BUSINESS LAW
Table of ContentsINTRODUCTION...............................................................................................................3TASK 1...............................................................................................................................3P1 Meaning of the statement of ' Parliament is sovereign” and various sources of UKLaw.....................................................................................................................................3(LO2) TASK 2....................................................................................................................5TASK 3......................................................................................................................7A)1 Champion Ltd on whether the creditor has the legal power to do what theythreatening and the process for liquidation (LO3).........................................................72 Amber Ltd on the possibility of getting the injection...................................................8b) For CASE 2 recommend an alternative legal solution (LO4)....................................9CONCLUSION.........................................................................................................11REFERENCES........................................................................................................12
INTRODUCTIONBusiness law have great significance within the organisation by which severalbusiness activities and function carried out with secure and safe manner. With help oflaw, each activity can accomplish with systematic norm and format. Government havedeveloped some legislation and regulation for in order to protect the business operationand activities. The present report provides the knowledge about several sources of UKlaws and role of government in law making procedure (Robson, 2015). In addition tothis, impact of some legislation and regulation such as health and safety, equalopportunity, general data protection regulation has been also included in this report.Different legal solution that helps to business enterprise in solving the critical issues andconflicts has also discussed with respect of UK business law.TASK 1P1 Meaning of the statement of ' Parliament is sovereign” and various sources ofUK Law.“The Parliament is sovereign”- We can hear this every time the Queenannounces the government’s programme for legislation - a certain fact that helped buildthe UK ‘s constitution, therefor the Parliament became the supreme legal authority ofthe UK, possessing the power to develop and erase any law, and no court can overrulethe Parliament’s decisions. There are only a few developments that affect the power ofthe Sovereign Parliament: The Human Rights Act 1998; The UK’s entry to the EU in1973 and the establishment of the Supreme Court in 2009. The act of parliament is alsoknown as the primary legislation that is passed by a parliament. It is a kind of law thathas been officially accepted by a parliament. It is the form of legislation that is passedby both house of parliament that is the house of employee. It is a new law that is madeby the UK house of common and House of Lords which has to be signed by the Queen.Business law helps to business enterprise in carry out its operation in secure manner.When organisation follows each and every legislation and law regarding business,employees, and customers then it becomes easy to conduct business operation insecure manner. There are several sources of business law that have great significancewithin business enterprise.
In common law legal system in the UK, decision making power is in the hand ofsenior appellate. The decisions taken by senior authority have to be followed by everylaw part and small court in the United Kingdom (Vachon, 2013). This is very importantsource of law through which major decision can take by the senior authority and protectthe citizens and business activitiesThe legal obligations that are been followed consists of certain sources to derivethe legal obligation or laws such as:English Legal systemwill consist of the judiciary or legal governing body that will lookafter the proper development of certain laws and legal obligations. It includes the acts ofparliaments, precedents etc.Statutorylawsare developed by government bodies within parliament and implementedby local and national authorities.Statutorylaw is another one of the most crucial part orsources of law that comes from acts of the Parliament. In this section, legislaturedelegate the power related to law making to the local bodies and authorities (Allen andKraakman, 2016). In the United Kingdom, statutory rights, council orders and bye lawsare included in the legislation and statuary law. With help of this legislation and law,court can take the decision regarding matter and conflicts among parties. It additionallyincludes article and areas and whatever the segment connected and article covers thatis required for every one of the general populations and business to take after suchwhile playing out their capacities and tasks and is likewise says that the specificprivileges of individuals are included which can't be controlled by anybody since theyare their basic rights.Common lawis the set of rules and regulations which in bides the standard code ofconduct within UK. They are required to be followed by all but statues can be made tofavour one section of society over another. Common law is a legal precedent made byjudges present in court, are laws codified as act of Parliament, the common law all thetime is changing. The British legal system is based on the common law, a law systemthat was later adopted by other developing countries. This particular system is run byjudges that have more influence, and it’s based on a contradictory exchange of
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