Business Law Assignment Solved - K Company
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Added on 2020-10-22
Business Law Assignment Solved - K Company
Added on 2020-10-22
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BUSINESS LAW
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1The nature of legal system...........................................................................................................1TASK 2............................................................................................................................................3Employment status.......................................................................................................................3TASK 3............................................................................................................................................5Registration of companies............................................................................................................5Explanation of how business are managed and funded...............................................................6TASK 4 ...........................................................................................................................................7Alternate Dispute Resolution.......................................................................................................7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8BIBLIOGRAPHY ...........................................................................................................................9
INTRODUCTIONBusiness Law means rules and regulation that a business or company has to follow while itis carrying a business, even a company exist because of law . There are several acts andregulation passed by government. The present study is on K company that is a courier company .A brief discussion is done on criminal and civil law of UK regarding a business .Apart from thatexplanation is given on potential impact of law on business that contain various factors likeequipment’s , services, employment benefits etc. In addition to this a briefing is done on types oforganisation and disputes among members , shareholders and all the stakeholders. The presentstudy also includes resolving method of disputes.TASK 1The nature of legal systemEnglish legal system comprise of the rules and regulations followed by the organizationsin the formation and also in the normal functioning of the business. The English legal systemmainly comprise of the criminal and civil laws and there courts and procedures. Mainly the actsare passed by the parliament and the Queen or the king are the head of the state and bills aresigned by them (Hsieh, Enderle and Murphy, 2015). The European legal system mainly includes-Criminal law- This law relates to the serious cases like murder or any sexual harassment.Civil law- these laws are designed to regulate the cases like theft, frauds and misconduct.Sources of law European law- European law is the major source of the law for dissolving the cases inUK. This law is the English law which is regulated by the UK law which was formed in1973. In this court cases relating to the social, economic and political justice aregoverned. This comprises of the European union and the European community.Common law- common law refers to the law governed by the bench set up by the head ofthe state that is the queen (Ricks, 2017). The bench includes the judges who givedecisions on the cases of common nature. The subordinate court are bound by thesuperior court. The decision passed by the superior court are binding upon thesubordinate courts. Act of Parliament- This is the regulatory body which makes and amends the laws in theorder to make the functioning of the law efficient. 1
Custom- this law is concerned with the making of law using the peoples behaviour andhabits. This law was enacted by the kings in the interest of the common person.Illustration 1: Stages of passing the bill in parliament(Source: How does a bill become a law, 2018)The Parliament is the regulating and the governing body in UK. Parliament consists of 785members which are directly elected by the people with right to vote in each state. There is thedemographic supervision over the commission by the President. Both the council and theparliament formulates and adopts the legislation of the country (Ball and Viswanathan, 2017). Stages of passing of bill in parliament-The law is made in the parliament by passing of the proposal initially which is commonlyknown as the bill. Thus the bill is considered in the first reading where the bill is been read andnoticed. Thereafter in the second reading the bill is considered in the floor of the houses wherethe relevancy of the bill is being checked and than the bill is considered in the third reading inwhich the there is a debate in relating to the bill contents. After both the houses agrees on the billit is passed through the house of lords and receives the Royal Assent from the Queen anddenoted as the act of Parliament (Hopkins, 2019).2
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