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Business Law in UK : Assignment Solution

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Added on  2021-02-19

Business Law in UK : Assignment Solution

   Added on 2021-02-19

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INTRODUCTION English legal system is one of the oldest among all that are governing economies atworld level of various nations. Rights and obligation are elaborated in number of ways throughvarious laws. Legal system of the world is consist with civil law, common law and religious law.Businesses are growing and expanding at national and international level that makes it necessaryto be aware with business law of different nations. Business law in UK is quite similar to othercountries but differs to some extant (Baldwin, 2012). An American corporation is planning to set up an it consultancy in UK and to understandbusiness environment laws that governs business needs to be studied. This will help inidentifying various form of business that can be legally formed in UK. TASK 1P1 Different Sources of law in UKLaws in UK has evolved over the years and this evolution requires certain basis on whichchanges can be made (Sources of law, 2015.). There are number of sources through whichdifferent laws are designed and amended over the years to create effective legal system in thecountry. Sources of law are described as- Legislations: These are considered as one of the important source for law formulationthat belong the testimony of formal system by the capable authorization. Legislations frames newlaws with the act of parliament and amends and replaces old law. In UK emissary legislatingincludes statutory instruments, orders of council and laws. Case laws: This source of law involves judgement on a case that is decided in the courtand is very different from the existing laws. Judgements that are new and bring some addition tothe law becomes important source of law (Berings and Adriaenssens, 2012). When anylegislature is not specified in the law then decision is provided on the basis of own sense of whatis right and wrong in the given scenario. In Pepper v Hart [1992], case that involves issue related to a individual who worked asan teacher in a school for charging tax on the park in manner of reduced school fee. The Houseof Lord decides in this case that teachers should rely on the statement in Hansard made at thetime of the Finance Act. This statements specifies no taxes will be paid on the amountrepresented to teachers as parks in any form (Pepper v Hart, 1992). 1
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Statutes: These are originated from parliament and is binding through a system ofjudicial precedent. Starting of statute is done with a draft for the law that is presented as proposalto the houses of parliament and decision to make a law passes with royal consent. European Union Law: Countries are part of unions that governs rules and regulations atworld level. UK is member of European union and laws that are passed by the union needs to befollowed by UK. This acts as a source of law for all the four countries in UK. Illustration 1: Sources of law, 2015Source: Sources of law, 2015P2 Role of government in law formationParliament based in London is the highest authority to pass laws in UK. Parliamentperforms a legislative function in UK because in addition of introducing new laws and legislationBefore passing a laws for the country drafting of law is done (Cohen and Kietzmann, 2014).Drafting a law requires information that is collected through various sources that is available in2
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