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Business Laws INTRODUCTION 1 Task 1 LO11 P.1 Different Sources of Law

   

Added on  2020-12-09

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Business laws

Table of ContentsINTRODUCTION...........................................................................................................................1Task .................................................................................................................................................1LO1..................................................................................................................................................1P.1 Different sources of law.........................................................................................................1P.2 role of government in law making.........................................................................................2LO2..................................................................................................................................................3P.3 company, employment and contract law effect on business..................................................3Difference between legislation, regulation and standards:- .......................................................4LO3..................................................................................................................................................5P.4 legally formed business organization & its advantage and disadvantage. ...........................5P.5 business organization managed and funded..........................................................................6LO4..................................................................................................................................................7CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................11

INTRODUCTIONBusiness law includes all laws that related to business because every for run and regulateto business it provide many rules and regulations. So this laws make rules about sell, purchaseand winding up to business. It is a body of law that often considered civil law, private law andpublic law. Business follow these all laws for maintain proper and systematic business operationslike manufacture, sales goods to consumer and purchase goods as well (Shaikh, Dars and Munir,2018). This report will be cover that different sources of law, role of government in law making,impact of employment and contract law, different types of laws, organization managed andfunded. Task LO1P.1 Different sources of law.In United Kingdom four types of source available for law that includes legislation, common law,European union law and European convention on human rights. Legislation :- it is created by legislature and its a most important part of parliament ofUK. It has only authority based on London and pas laws. United kingdom parliament has twohouse one is house of common and second is house of lords. House of common includes 650members of parliament and every member represent different geographical area. they becomeMembers of parliament through get vote from many electors and candidates who get highest votefrom electors so they become member of parliament. House of lords includes 800 peers andwhom 600 are appointed by queen on the bases of recommendation of prime minister. Common law :- common law is create and made by courts, judges and similar tribunals.This types of laws useful for judges because it take decision in individual case. Senior judges ofappellate court take decision in any cases so current judges who handle same case that they hasto follow same process and same decision. It only law that not present in written form but itmake by senior judges and if any case get by legal system so they have to evaluate and analyzesame cases of earlier and than take same decision. So it is also a source of law (Roth, 2018).European union law :- these laws make by Europe but United Kingdom has to follow itbecause it is a part of European law. United Kingdom can not make any laws and if it want totake decision for change any laws and regulations so I can not do it. Union of Europe make lawsfor develop and improve new area. 1

European convention on human rights :- it is a international source of law that providerights and regulations to human at global level. European convention apply on 47 states thathuman get basic rights like right of freedom and education so these laws increase democracy inEuropean countries. Peoples of United Kingdom also get helps and rights from Europeanconvention and it is a best sources of laws. They also get protection and also free from politics.Statutory law :- statutory law is a source of law that make by legislature and it apply oneveryone. This law is passed by executive agency and courts as well that useful for all types oforganization and agencies.P.2 role of government in law making.Government is important for making laws because it make laws and its apply on allagencies and organization in United kingdom. It passed bills and right to change laws, rules andregulations. Taxation elated all laws are mainly make by government and it also includes in alllaws making process because any laws made in parliament and it houses of common and lords.Following process and roles of government in law making :- first reading :- government make laws of any related so all these legislation's and lawsare read by house of common and house of lords of parliament in front of all members ofparliament. It prepare all documents related to making laws and send to parliament for firstreading (Hard and Sparrow, 2019).Second reading :- it is a second process of law making so in this process all documentsthat send by government to parliament. For second reading of all bills and documents commonhouse of parliament read in front of all members and take vote for consent about laws. Commonhouse pass these documents to next stage if members of parliament give their consent in largenumber. In this stage documents and bills do not read in house of lords. Committee stage :- after second reading of documents and bills of laws that make andprepare by government. Committee members examine and evaluate all bills of laws and 16 to 20members analyze these bills. For every new bill standing committee appoint new members andchairman give vote only for tie event. If bills are very important and has need in emergency socommittee sent bills to all house of parliament for pass quickly. Many types of bills are prepareby government like army bills and financial bills so these bills sent by it to parliament and allbills divided among committee and standing committee for evaluation and analyze.2

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