Business Law Assignment - P 1 Different Sources of law English legal system

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Business Law
Table of ContentsINTRODUCTION...........................................................................................................................1ACTIVITY 1....................................................................................................................................1P 1 Different Sources of law..................................................................................................1P 2 Roles of Government in law making................................................................................4P 3 Impact of Contract law and Employment law in the business........................................5P 4 Different types of Legally formed organisation...............................................................6P 5 Management and funding of the business.......................................................................8P 6 Legal solution for resolving dispute in organisation.......................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness law include all kind of laws and ethics that tells how to form a company and runbusiness. This also includes all kind laws that govern how to start, run, manage, buy or sell andclose any type of business (What Is Business Law? - Definition & Overview,2019). In general abusiness is governed by the civil law of the nation dealing with both public and private law. Theregulation related with contract, hire prices, manufacturing, selling is also defined under businesslaw. Report is based on thePip and nut company which is a UK based natural food brand sellinga range of nut butters and almond milks.This report will base on the businesses laws and its different sources. It will include therole of the government in making statutory and common law in justice courts. Further this reportwill include the impact of contract and employment law in the business operation. Report willalso explain the different types of the legally formed business organisation and how itwillmanage and funded. This report will also describe that different management and fundingsources to set up a new company.ACTIVITY 1P 1 Different Sources of lawEnglish legal system:English legal system is one of the oldest legal framework in worldas it is in existence from around 12thcentury. The legal framework defined the laws guiding theactivities and operations of the business as well as the citizens in UK (Allen and Kraakman,2016). The legal system is basically divided into three parts:European lawThis European law is the part of the UK law since 1973 when the UK become the member ofEuropean Economic Community (EEC). EU law takes the priority in the time of conflict. In1992 Treaty on European Union (the Maastricht Treaty) officially changed the name to EuropeanCommunity to signify that the objectives of the Community are not just economic TheMaastricht Treaty also created the European Union (EU), which consists of three 'pillars'. Thesethree pillars support the overarching constitutional order of the Union (Beatty and et.al, 2018.).Sources of European Law1
The treatiesA number of treaties impose the legal obligations on state members. Someobligations are directly enforced by individual citizen whether the related state member has takenthe action to implement them.Regulations -Regulations are used to impose uniformity of law throughout the Community.After, being used of the regulation members have to take effect on all the states (Cameron,2017).Directives -Directive comprises the most productive and creative source of EuropeanCommunity. Directives apply to all state members and its intention is to lead harmonisation ofthe law between state and members. Directives set the aims which must be achieved but it notgives the freedom to implementation method and forms to member state.Decisions -Decisions only affect the individuals or company and state and state members. Itmay be empowering to whom with it has issue to something or stop it from to do something.ParliamentMost English law is made with the authority of Parliament. It is comprises ofDirect parliament or legislation and indirect parliament or legislation. Direct legislation buildwith Acts of Parliament, which is being created by the passage of a Bill through certainprescribed processes in the House of Commons and the House of lords (Faúndez, 2016). Indirectlegislation is created by the body of government department or local authorities, in whichparliament under gives the power to legislation under an enabling act.Most of the legislation is proposed by the government, but some ministers have limitedopportunities to put forward the Private Members Bill. Some private member bill become Actbecause limited amount of time availability of the parliament to them.The courtsCreative powers- The laws which is made by the courts are case law and some time describe ascommon law. When related case come in front of the court it is being followed slowly andhaphazardly. A point of case law may be very narrow in its effect since the courts can legislateonly with related things that have already happened, they cannot legislate for what is to happenin future cases with different facts. Because of his case law describe the inadequate form of law-making in a sophisticated industrial society, where legislation is needed to regulate possiblefuture problems (Kubasek and et.al, 2015).2
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