Business Law & UK Source of Law Assignment
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Added on 2021-02-20
Business Law & UK Source of Law Assignment
Added on 2021-02-20
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BUSINESS LAW
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1. Explain what sovereignty means, give examples of why parliament is said to be sovereign& discuss about the UK source of law...................................................................................3P2. Explain the role of government in law-making and how statutory and common law isapplied in the justice Courts...................................................................................................4P3. Use specific examples illustrate how a company, employment and contract law has apotential impact upon business...............................................................................................6TASK 2............................................................................................................................................6P4. Explain the nature and formation of different types of business organisation.................7P5. Explain the difference between incorporated and unincorporated businesses on the basisthat how they are funded an how they are managed on daily basis.......................................8P6. Solve the given cases where valid recommendation is required to be given by involvingADR process & also explain why to use ADR method.......................................................10CONCLUSION................................................................................................................................1REFERENCES................................................................................................................................2
INTRODUCTIONThe law which discusses about the commercial department of an particular nation isknown as business law. This is law which has its own importance because it helps to manageevery sort of business activities. Even it is beneficial at the time of taking legal decision which isrequired to be complied in any period of time within the organisation. This is the report which isbased on giving suggestions and recommendation that how any of the situations can be handled.Here, sovereignty, process of passing the bill from different stages, different types of law will beexplained in detail. Then, suggestion regarding the formation of a company will be given thathow it is formed and who do manage it and finally given case studies will be discussed.TASK 1P1. Explain what sovereignty means, give examples of why parliament is said to be sovereign &discuss about the UK source of law.Sovereignty is defined as the supreme power which is available with only top authoriseddepartment. It is that department which is never challenged by any of the person or department.The decision which they take are always being assumed as right and suitable in context of anation. In context of UK, their parliament has that power and because of that they are being saidas sovereign body of Great Britain. Whenever any of the laws and regulations is needed to bepassed, permission is needed from parliament body (Singer, 2018). The decision which
Parliament do take is always right and formed for the welfare of nation that can bring out thepositive results in future. They are only one who takes any of the final decision at any period oftime. In addition, parliament is sovereign body in UK because they enforces the law andregulations, they even changes if they themselves think it should be changed. Finally, theydecisions cannot be overruled by any of the department.Parliament body has distributed the power among several hands so that chances ofproblem and errors can be reduced and better environment can be created. All of this differentbody has to show or put there equal effort to commence better laws and regulation for thecountry. Information about this bodies are explained below:Statutory law: This is the main body in UK which commences the law. To form any ofthe law under statutory law, it is necessary that House of Commons and House of Lords shouldtake the participation because final decision are needed to be taken by them. Here, they firstlydraft the bill and then they pass different stage to make the which shows that it is one of theeffective source of UK law for commencing laws.Common law: This is the source of UK for commencing the law and regulation. Thissource is very effective because they do form the laws at the time of declaring the decision ofany of the particular case. Even this source is also known as case laws. Whenever theycommences the law to declare the decision, it is understood that it will be enforceable to wholeof UK from the immediate effect. This source is effective because it is also result oriented and docovers the weaker section. In additions, this mainly emphasis on the doctrines and principles(Boldt, Kassis and Smith, 2017).Equity law: This is is one of the most significant source of UK of law because it is oneof the individual body which has the number of responsibility while commencing the law. Thissource refers to legal principles and even it makes sure that laws and decisions can be harsh butstill it is important that decision should not be biased. It mainly maxims the rules of equity whereeveryone is treated equally.P2. Explain the role of government in law-making and how statutory and common law is appliedin the justice Courts.The laws and regulations are needed to be commenced in any of the country but theimportant thing which is needed to be focus is that they must be enforced only after checkingeach and every criteria. In context of UK, political discussion within the parliament house plays
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