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BUSINESS LAW INTRODUCTION 3 SECTION 1: NATURE OF LEGAL SYSTEM

   

Added on  2021-02-21

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BUSINESS LAW

Table of ContentsINTRODUCTION...........................................................................................................................3SECTION 1: NATURE OF LEGAL SYSTEM..............................................................................3TASK 1............................................................................................................................................3Explain about the Sovereignty of UK Parliament..................................................................3Explain about the sources of UK law.....................................................................................4Discuss about the main role that government has to play while making the law...................4Explain how statutory law and common law is being used within the Justice Court............6How different types of laws do have its effect on business organisation...............................6TASK 2............................................................................................................................................7Explain about various types of businesses and their legal way that how they are commenced..7Difference between incorporated business and unincorporated business organisation on thebasis of management and funding..........................................................................................8Explain the advantage and disadvantage of company over partnership firm.........................8SECTION 2: SOLVING THE CASES............................................................................................9CASE 1............................................................................................................................................9Case Study..............................................................................................................................9CASE 2..........................................................................................................................................11Case Study............................................................................................................................11CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14

INTRODUCTIONThe study related in the field of law which discusses about commercial law is known asbusiness law. The main concept that business law wants to give to all of the business sector isthat how they can take their decision and what are those steps through which business do getbetter opportunity to perform better ion future. Business law has number of branches under itwhich explain about different commercial field(Allen, 2017). Some of the topics which are goingto be covered within this file is related with the system of UK government and their plans andpolicies which they make and how does they implement. Even what is the legal proceeding offorming the company. As, legal issues do come in an organisation so by considering it, variouscase studies will also be explained in detail.SECTION 1: NATURE OF LEGAL SYSTEMTASK 1Explain about the Sovereignty of UK ParliamentThe sovereignty of UK is available from the staring of 18th century where they took all ofthe power in their own hands and they passed some of those laws where no one was given theright to speak in front of anyone. The most important thing which was found in whole of thisprocess of sovereignty is that they go into detail process while enforcing the law. Here, it isnecessary to understand that they are known as sovereign power because there is no one who hasthe authority to ask that why they have commenced any law or regulation(Backer, 2015). Inaddition, it can be said that if any of the authorised department have taken some of theimportance for the betterment of a nation then also that committee has to take the final approvalfrom Parliament House they are the one who will take the final decision on any of the topic. There is the law that Queen has to deliver the speech every year at the opening day ofParliament House. Her speech has the important role in House of Parliament because it makesthe decision for political parties that how they are needed to take their decisions. The mostimportant thing which is considerable is that after she delivers the speech, Member of Parliamenthas to conduct the first session. This speech is really power in itself and gives the idea that ionwhich direction the government will focus more in accomplishing there targets.

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