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Introduction To Business Law - Assignment
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Added on 2021-02-19
Introduction To Business Law - Assignment
Added on 2021-02-19
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BUSINESS LAW
Table of ContentsINTRODUCTION ..........................................................................................................................1SECTION 1......................................................................................................................................1TASK 1............................................................................................................................................1Parliament sovereignty................................................................................................................1Main elements of law making sources of United Kingdom are mentioned below.....................1Role of government in the law making process..........................................................................3Study of Statutory and Common law's procedure in Justice Court.............................................4Evaluating company, employment and contract law and probable impact upon business.........4TASK 2............................................................................................................................................5Given Scenario............................................................................................................................5Explore the nature and formation of different types of business organisation...........................5Explain the difference between unincorporated and incorporate business organisation on thebasis that how it is managed and funded.....................................................................................7Explain the advantage and disadvantage of a company over partnership firm...........................8SECTION 2......................................................................................................................................9CASE 1........................................................................................................................................9CASE 2......................................................................................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTION Law plays most important rule in society, it provides organisations people and businessentities guidelines. Acts & rules are to promote healthy environment, boost ethical follow-up inrelationship of producers and consumers. The difference to accomplish or not to achieve ultimategoals, business is based on correct choices from legal point of view. It is generalised in twocategories which are public law that is conducted by government of country, it portraysrelationship between government and people of nation. Another one is private law these rules aregoverned by private entities, ethics follow up laws like contracts, torts, business relationship,property rights and many more focuses on business guidelines. In following study parliamentsovereignty, Royal queen speech, decision making sources of UK are discussed. The case lawsmentioned below are for better understanding circumstances of legal procedure in governmentincluding other diversions.SECTION 1TASK 1Parliament sovereigntyIt is principle rule of UK mentioned in their constitution which makes parliament as theirhighest legal division authority. It constitutes power to make as well as end a law, any lawcreated by parliament cannot be changed in future even the courts jurisdiction cannot change it.Generally it is said that constitution of UK is incomplete or unwritten in nature but it containsbiggest division made by parliament i.e., statute law (Allen, 2017). The most auspicious day inUK is Parliament opening every year where tradition and cultural rituals are followed from agesin history of country. First thing during the opening of Parliament in October-November is RoyalQueen's speech called the”Speech from the throne”. It guides and provides an outline for newpolicies, rules and programmes of government for current assessment year. Main elements of law making sources of United Kingdom are mentioned belowCommon law: These rulings and proceedings of common laws which should be definedproperly to create and make laws by common jurisdiction. This approach was started by kingsruling era, here laws were created by kings and implemented in areas ruled by them. These werelater made as official laws which were to be followed by citizens of nation. Later such1
implementation of laws were implemented for following other case laws which were capable toprovide betterment of jurisdiction.Legislation: It is powerful in nature to implement and categorise for betterment of natureof laws, supreme body of united kingdom of making and following of case and nature ofconcepts differ from act act. It provides following legislature to give proper guide forcategorisation and provide space for new amendments (Bayern, 2016). European union law: The council of Europe was created in 1949 which was noteven the European union and much huge than the existing one. This convention consisted several“articles” which were formulated for protecting human and government later made rules from itof human rights act 1998 accumulated in domestic law. The sole agenda of creating this union isto encourage and support idea of peace in countries as mentioned on the official website of(ECHR) European union. It enact as members of state government and relates to several mattersfrom production, agriculture, legislation till law making procedures. The workings here is verysimple the council makes laws, ministers are elected by the people, who discuss them inparliament and later commission executes laws or any new amendments. The sole purpose ofconstructing union is to actively support countries in union and become globally dominant.Economically having union gives active trek in global market to its all connected membercountries. Plus as a advantage strong competition to other countries worldwide. It vanishes theborder issues between the countries which provides positive flow of goods and services betweencountries also benefits other areas such as environmental protection, relief in tax ratios,performance security and makes betterment in investment sectors of business organisations.European convention on human rights: The (ECHR) European union was created forprotection of humans through shield of human rights, attention to create it was generated afterthe World war II (Backer, 2015). It provides protection to all the forty seven countries, some ofthe rights provided by them are right to life article 2, liberty article 5, fair trail article 6, freedomof thoughts, conscience and religion article 9, right to public assembly article 11, right toeducation article 2. People who have issues with their European union membership these arespecifically created to help and provide support to people of nation. Anyone who was notjustified by judiciary convention act of human rights in UK should seek help and get remedyfrom ECHR. 2
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