Role of Government in Making Law
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Added on 2020-06-05
Role of Government in Making Law
Added on 2020-06-05
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BUSINESS LAW
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Sources of law and laws that organization must comply..................................................1P2 Role of government in law making and application of statutory and common law..........5TASK 2............................................................................................................................................8P3 Impact of various laws on business...................................................................................8TASK 3..........................................................................................................................................10P4 Legal solutions to different business problems...............................................................10P5 Justification of appropriate legal solutions......................................................................10TASK 4..........................................................................................................................................11P6 Legal solutions based upon different country's legal system..........................................11CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
INTRODUCTIONAll business are involved in different types of agreement making activities. Business firmcarry out different activities like merger, acquisitions, sale of final product. Buying raw material,all these should be regulated by some law that brings legalisation in actions of businessorganisation. Government of UK country is developed various commercial law in order toimplement an legal and ethical practices in business environment. These all always helps inregulating and close monitoring of illegal action by business in order to earn more profit. Thereis well defined laws that are implemented by UK government and Statutory body of country inorder to ensure justice to victim of fraud (Awrey, 2010). Every contract made between twocommercial or business parties should be enforceable by always and defined in legislation ofcountry.In this report various sources of law are introduced to student in order to accumulatebasic knowledge about law making and legal system of country. This assignment helps student toachieve brief information about various laws and legal solutions to common problem and issuesfaced by business organization while carrying out their operations successful. Report involvesstudy and comparison of different country legal system and impact of legalisation on expansionof business in other countries.TASK 1P1 Sources of law and laws that organization must comply.Law is the legal provision and act that are defined by government of UK in order to makeright decisions about any misconduct or fraud done by one party with other party. Law isformulated by statutory body of country and enacted by government of UK in order to provideand legal solutions to problem faced by people of country and securing rights of every membercitizen of UK.Legal System of any country depends on its historical evolution and present developmentrate of any state. Legal system of UK comprises 3 stems according to different geographicalareas. English law deals in England and Wales, Scott laws regulated in Scotland while NorthernIreland laws are followed in Ireland (Bartlett, Rhode and Grossman, 2016). Legal system of UKcomprises various laws like commercial laws, civil claws, common, statutory and religious laws1
in order to secure rights of people and providing them equal opportunity of growth anddevelopment in UK. Various sources of law are described below.Common Law: This the law that are defined court and Judiciary brings amendment in thestatutory laws that are developed by parliament. This law are also known as case law as these aredeveloped by the aids of different cases that are discussed in court during proceedings.Equity Law: This law are defined when legal justification and legal remedies are notenough. This is originated form case when a person is expelled out from hos own land by armedperson. This in relief to the suffering by registration and allowing them use his own land. This ismore than the legal remedies. This defines Writs that are given to sufferer in return to breach ofrights of person.Judicial Precedent: These are the court decisions and decision of precedent in order tomake changes in laws for future law making through sourcing of old laws and act. This helps informulation of Case law and common law (Burk and McGowan, 2010).Legislation/ Acts of parliament/ Statutory Law: Legislation are the laws that areformulated by legislature. The UK legislature is member of parliament. These are the statutorylaws that are defined by a ling process of debate and discussion in both house of common andhouse of Lords and final approval from Monarch.European Law: This defines all the law that are regulated by European union in UK.While starting up a business, the company owner should have basic knowledge aboutlegislation and fair practices that are to be followed while carrying an ethical and lawfulbusiness. In new start-up, business firm should defines polices and norms of company in order toimplement an structured working environment in organisation following all legislation describedby UK legal system in order to ensures protection rights of employee, consumer as well bas otherstakeholders (Drahozal, 2011). Business following all law that are to complied in organisationhelps in achieving compensation from government and other fraud party in in response to anyunlawful activity or void agreement firmed by other party. The business firm should compliedwith some basic legislations that helps in maintaining an lawful action in company. Some ofthese laws are defined below.Legislation related to Recruitment and Selection: The company policies shouldcomprises various laws while defining their polices related hiring of employees. This shouldcomprises following laws enacted by parliament of country:2
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