BUSINESS LAW TABLE OF CONTENTS INTRODUCTION 1 TASK 11
Added on 2021-02-20
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BUSINESS LAW
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1A. The meaning of Parliament is sovereign and the various sources of UK laws. ....................1B. The government's role in law making process and common & statutory law which areapplied in courts justice...............................................................................................................3C. Company, employment and contract act has potential impact on business along withdifference between legislation, regulations and standards to analyse this potential impact........4TASK 2 (LO3).................................................................................................................................6TASK 3 (LO4).................................................................................................................................8REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness law is governing business through dealing with different laws such as privatelaw and public law (Bian, and Veloutsou, 2017). The report will lay emphasis on the meaning ofparliament is sovereign and the various sources of law in UK. Also, the difference betweencommon law and civil law will also be disclosed in this report. This report will also lay coverdifference about representative democracy and direct democracy . Report will also highlightabout the role of government in law making along with application of statutory law and commonlaw applied in court's justice. The report will also explain about the effectiveness of legal systemin the term of reforms and development. The potential impact of contract law, employment lawand company law will be discussed in this report along with the difference between legislation ,regulations and standards to gain the potential impact on business. The report also disclosesabout different types of business organization which are formed legally. Also, how thisorganization are managed and funded will be covered in this report . Some recommendations forlegal solutions for resolution of disputes will be discussed in this report.TASK 1A. The meaning of Parliament is sovereign and the various sources of UK laws. ‘Parliament is sovereign' is a concept in constitutional law of some democracies ofparliamentary. This holds about a legislative body which has absolute sovereign as well assupreme all institution of government (Frame, and Moss, 2015). It includes judicial or executivebodies. It is a principle which is applied all around the world . It focuses on the parliament issuperior among the judicial and executive government branches. The term sovereignty is a fullpower and right of a body which is governing over itself. Without any other interference fromoutside body or sources (Akdeniz, Taylor, and Walker, 2018). Therefore, for the UK constitutionit is cornerstone and superior authority. Legal system is an approach which resolves dispute , disagreement, etc. The norms ofpeople under society is also provided under this system (WIllIams, and Walters, 2018) . Thelegal system safeguards from chaos and conflicts among communities as well as social groups.The various sources of UK laws areCommon law - This law is concerned with decisions executed by appellate court whichis a major source of law (Ekara Helfaya, and Moussa, 2017). The legal system is adopted underWales & England. The law is formed is based on principles that is established under apes and1
appellate court (Shiwakoti, Iqbal, and Funnell , 2018). Thus, the source of law is providedthrough highest authority and judicial for the representatives of lower divisional is crucialelement in formulation of UK laws.Act of parliament - The parliament act is focusing on making modification or changes inthe existing law or making of new law. The bill under act of parliament is approved by house oflords, royal monarch, house of commons, etc . The bill in process of becoming law need to gothrough all these stages (Conley, and Page, 2017). After approval of all the authorities the bill isconverted into law. Thus, it is important for UK laws to proceed this stage for every law.The legislation - This plays a crucial role in formation of law as the law which is formedunder legislature is referred to as legislation. The legislative law is followed all over the UK.Although UK didn't have any written constitution but legislation has the power to infringeexisting law or new law (Akdeniz, Taylor , and Walker, 2018).European law - The European law is operated in European union state members. TheUK law is operated by European members. This law is taken into consideration during formationof UK laws (Ekara Helfaya , and Moussa , 2017). Along with it, European law is a source of lawin UK as European union is needed to be implemented in formation of law. Difference between common law and civil lawThe legal system of common law is characterized through case law in which law isdeveloped by judges by executing decisions in courts whereas in civil law's legal system isoriginated in Europe and the core principle is codified under referable system (Fulton, andPringle, 2017). The common law is followed in US , England, Canada, Australia and Englandwhereas Civil law is followed in China , Germany, South American and African nation , Spainand Japan.Difference between representative democracy and direct democracyA direct democracy is concerned with people are treated as a part of decision makingwhereas in representative democracy people have right to elect their representatives by differentelection styles (Corrigan, and Sayer, 2018). Another difference is that direct democracy issuitable for small communities whereas for the large communities the representative democracyis most suitable. 2
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