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Business Law Assignment - KANGO (K) company

   

Added on  2020-10-22

12 Pages3720 Words69 Views
Business Law

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1LO 1 Nature and source of legal system.....................................................................................1TASK 2............................................................................................................................................3LO2 Potential impact of law on business....................................................................................3TASK 3............................................................................................................................................5LO 3 Formation of different types of business organisation.......................................................5TASK 4............................................................................................................................................6LO4 Recommending appropriate legal solutions to resolve areas of dispute.............................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................9

INTRODUCTIONBusiness law implies for thee legal framework which assists in dealing aspects related tocompany formation and other commercial aspects. When company comes into existence andstarting its working procedure then such law is applied. There are several laws pertaining tobusiness which they have to follow for maintaining the government norms. Business law areimplemented to manage the rights and duties of shareholders, creditors and employees of thecompany. Present report is based on KANGO (K) which was established in 2016 by Alex andjay. It is located in London near suburb of Ealing which is a highly populated area and also thedemand for delivering food services is also high. Report will include the nature and scope of legal systems which the K has to teach theiroperational staff. It also includes the potential impact of law on business activities and alsodiscuss the reviews regarding employed and self-employed staff. Further it includes theformation of different types of company and which K choose to convert their firm into. Lastly itincludes different appropriate approaches to resolve legal areas of dispute.TASK 1 LO 1 Nature and source of legal system English Legal System:English Law is different from the other law as they follow the European law and constitution.It mainly includes the civil law and criminal law. UK established European legislation andincorporated the European courts for justice and legality. Mostly acts are passed by theparliament and in the statue and Queen is the head of the state and each bill is signed by thequeen and that appear to be the final law decision (Gelter, 2016). The legal system mainlyincludes the ~Civil Law: This law relates to fraud, thefts and misconduct committed in the societywhich results to fine or imprisonment for 6-12 months. This is the normal crimecommitted by the accused and which didn't harm the society more. In case of mattersrelated to company it results to breach in contract or made fraud cash transaction, ornegligence or matters related to domestic violence cases. Criminal law: This related to violence committed in society in terms of murder orsexually abuse or any such harm which directly hurt the people (Olsen, 2015). This resultto imprisonment for a term exceeding 2 years or lifetime death imprisonment. Criminal1

law is usually strict as no bail facility is easily granted to the accused without havingstrong judgement for their bail decision. Sources Of Law - K teaches various laws to their staff to behave ethically in the workpremises. It includes ~Custom: From the ancient times this is the major source of law. It depends upon therights of people, their behaviour and habits which engaged in customs (Bayern and et.al.,2017). As principles of laws are derived from the valid customs and that's the reason,rights of kings and implementation of rules for valid changes are effective in the role ofcustoms. Common Law: The judgement in common law is made by the judges sitting in the courthaving the bench set by the Queens decision and they have to follow the judgement(Green, 2018). The procedure of these laws is that decision made by the superior court isbound on the subordinate court and they have to follow the rules and orders written in thecourt decision. European Law: It is the source of UK law in 1973 as a European community. This lawoperated within the member of the European union and European committee. It considersall types of matters relating to social, economic and political factors (Kraakman, 2017).Under this law if any conflict arises in dispute case, the cases are refereed to the court ofEuropean law for judgement made by lawyers considering the European Court. Act of parliament: They have the rights to create new law or amend the old laws toimprove their decision making authority. This changes help the people to adopts thechanges and take the laws seriously. Act of parliament are also known as statue law alsomentioned in the legislation. Stages for bill information in Parliament:To propose a new law various formalities are required firstly to prepare a valid law, bill ispassed in both the houses of parliament (Connor and et.al., 2018). To receive royal consent fromthe queen regarding the bill approval before it enacted to the act of parliament. After the consentfrom both the houses either the house of lord or house of common law it introduced in theparliament as the First reading. In that bill it is specifically mentioned about which bill is toproposed and which bill need to amended more. After the bill is finalised in first reading, itpassed on to the second reading. In this it is considered to be the principles of the bills and it is2

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