Business Law in Uk Assignment Solution
Added on 2021-02-19
8 Pages2161 Words101 Views
Business Law
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11. Sources of law in UK...............................................................................................................12. Delegated legislation................................................................................................................23. Hierarchy of courts..................................................................................................................24. Potential impact of company law, employment law and contract law on a business..............4CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
INTRODUCTIONBusiness law cover all the laws that is used to governs business and it further deals withprivate as well as public law. Moreover, the law also regulates corporate contracts, hiringpractice and manufacturing and sales of consumer goods. The entire report main purpose is todescribe the importance of business law and it describe sources of law and how it affect the UKlaw. Further it describe the delegated legislation and then describe the hierarchy of courts in UK.Lastly, it describe the potential impact of company law, employment law and contract law.MAIN BODY1. Sources of law in UKThere are different sources of law in UK which are as mention below:Primary legislation: It is the highest form of law in UK and it is mainly used to protectthe citizens of the state from harm and also assist to protect their rights as well in order to ensurefor their justice. In this, the principle legislature is UK parliament and it has the power to passlaws. Therefore, there are several stages of creating law and it is passed by both House ofCommon and House of Lords (Terziev, Petkov and Dragomir, 2018). In that mean time, the billgoes through different stages such that first reading, second reading, Committee stages, Reportstages and Third Reading and when both houses are agree then the bill is given to Royal Assentand then it becomes a law.Delegated legislation: Also known as Secondary Legislation and created by thegovernment. Further, it is also refers to those laws that which are made by the bodies to whomthe parliament has assigned law making authority (Weatherill, 2018). This law is used to saveparliament's time and extra work so that it can be used in emergency if a new law is needed. Forinstance, it can be used to ban the manufacturing of tobacco which are life threatening.Common Law: The law is different to primary legislation and made by Parliament ofUK and it may create and abolish the laws but on the other side, the judges make judges have tointerpret the statute law. Further, the judges should also taken into account the judicial precedentand even the final decision are also taken by Supreme Court. EU law: its main principle is to describe the relationship between EU law and UK lawand also make sure that EU rules are applied uniformly and also have direct effect upon thepeople as well such that free movement, non- discrimination (Foster, 2018). Even the people alsouse EU law in court against government or private companies (at the time of breach EU law).1
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