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Business Law Assignment Solved - P1 Different sources of law

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Added on  2020-10-22

Business Law Assignment Solved - P1 Different sources of law

   Added on 2020-10-22

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Business Law Assignment Solved - P1 Different sources of law_1
TABLE OF CONTENTSTASK 1............................................................................................................................................3P1 Different sources of law....................................................................................................3P2. Role of government in law making and analysing the way statutory as well as commonlaw are applied in Justice court..............................................................................................4TASK 2............................................................................................................................................6P3. Illustrating the way company, contract and employment legislation have effect on thebusiness...................................................................................................................................6TASK 3............................................................................................................................................8P4. Exploring the way different types of organization are legally formed...........................8P5. Analysing the way business organization are managed and funded................................9TASK 4..........................................................................................................................................10P6. Recommending the legal solutions for resolving range of business disputes...............10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
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INTRODUCTIONLaws can be defined as the regulation which are formed by the governmental authoritiesin the nation. It can also be referred to as the Binding rules which enables states to govern itsterritory. Business law also regulates as well as governs the contractual agreement between theparties. It consists of legislations which governs the way business are formed as well asmanaged. Business laws establish regulations which are required to be followed by all the peopleas well as organisations operating business in different industries. The main purpose of businesslaw is to resolve the issues faced by companies. In content English law, it mainly governs as wellas regulated the business practices of firm operating business in England and Wales.Report will have focus on identifying the sources of English law. Study also emphasizeson analysing the way employment, contract and employment law effects business. It will alsohighlight the way different types of organisations are legally formed. Assignment will alsoinclude the solutions for range of commercial disputes.TASK 1P1 Different sources of law Business law is also recognized as commercial legislation which mainly governs thedealing between people. It can be defined as legislation which mainly governs business practices.It mainly deals with commercial matter. In context of England legal system, business law isrequired to be followed by all companies established in England and wales. Business laws alsoreferred to as mercantile legislation which deals with the issues of both private as well as publiclaw. It also governs the commercial transaction between two parties (Falk,2019). Sources oflaws can be defined as the origin from where the different norms in English legal system cameinto force. The main sources of laws in English legal system are:Legislation: Primary law in English legal system, are formed by the act of parliament. In contextof English legal system, Parliament is only the authority which has right to create as well asimplement laws in the nation.Case law: These are the legislation which has been originated from the decision taken by thetribunal in existing cases belonging to the similar nature.Common law: It is basically the Judge made law. The English legal system consist ofhierarchical structure where the supreme court is the higher authority. The decision taken by
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Judge is binding on lower courts. There are few norms in English legal system which are madeby the Judge in the supreme courts and are required to be followed by all lowers courts. Convention of human right: Before the brexit, UK follows the norms designed by the legalauthority of European Union. But after brexit, UK government decided to create their ownlegislation. Still, there are few norms in English legal system which are highly influenced by thelegislation in EU legal system (Frenkel, 2019.). The European convention of human right hasbeen designed by the EU government and which has been followed by UK in order to protect theright of people.Delegated legislation: Such types of norms are originated basically from the orders passed bythe ministry. In English legal system few norms are formed by the government on the basis ofthe authority delegated by the members in parliament. The government in UK are provided withthe authority to develop norms in few situations and for resolving specific issues. P2. Role of government in law making and analysing the way statutory as well as common laware applied in Justice court In context of English legal system, parliament is the main authority which only has rightto formulate as well as implement legislation in the nation. But still government have crucial roleto play in law making procedure. Before starting of the law making procedure, the role of thegovernment is to address the issues faced by companies as well as people residing in the nation.Functions of the government is to identify the suitable solutions for the problems faced by peopleor organization operating business in different industries. The main role of the government inlaw making procedure is to represent the interest of public (Yeoh, 2019). Process of law makingstarts at either at house of commons or house of lords. An introduction of bill related to thetaxation is required to be presented by the government in front of members in House ofcommons.There are different phases in the law making process these are:Preparation phase: It is the phase where the role of the government is to consider the problemfaced by the companies or people in the nation. Function of legal authority is to prepare the listof problem or solution. Duty of government in prepared the draft of proposal which is required to
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