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UK : Business Law Assignment

   

Added on  2021-02-20

14 Pages3763 Words42 Views
Business Law
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INTRODUCTIONJudicial method is a procedures used to implement and enforce laws in the country withdescribed regulations that needs to be followed in several ways. Judicial method is consist ofthree major laws to govern an economy which is civil law, common law and religious law.Through judicial system in the country disputes are resolved and minimised. A fair legal systemhelps in applicability of laws equally to all and gives equal rights to a fair trial. To governbusinesses a separate law termed as business law is implemented in UK. This law helps inenhancing understanding regarding applicability of laws while running a business organisation.Establishment of enterprise and variety of legal solutions are guided through business law(Bayern, 2016). Impact of law on each business house and individuals involved in business willbe identified through business law. This project report consist of detailed information regarding nature of the legal systemand potential impact of the laws on a business. Formation of different types of businessorganisations and their management and funding will be elaborated. As per business lawappropriate legal solutions will be provided to resolve dispute. PART 1P1 Explanation for various informant of lawEnglish judicial scheme is administrated by the courts in England and Wales, whichprovides rules and regulations for civil and criminal matters. Principles of the English law isbased on the common law as it is the origin of the legal system in the country. Law is designedfor the purpose of providing set of rules to the society that helps in protecting basic rights andfreedoms through treating each one fairly. Through legal system law and order is maintained onthe basis of established standards. Disputes are resolved without making difference among any ofthe individual separate in the eyes of law (Cameron and Pagnattaro, 2017). Evolution of the lawhas started even before the history was recorded on the basis of various disputes arises in thesociety. By 22nd century the ancient Sumerian ruler Ur-Nammu has formulated the first law codewhich consist statement (“if ... then....”). By 17th century, statutes enacted by parliament tookprecedent over common law. Legal system of UK id quite effective and taking all the necessary steps required forevolution and enhancing quality of laws as per changing environment. Formulation of laws are1
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