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(solved) Roles of Business Law

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Added on  2020-10-05

(solved) Roles of Business Law

   Added on 2020-10-05

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BUSINESS LAW
(solved) Roles of Business Law_1
Table of ContentsIntroduction......................................................................................................................................1Section 1...........................................................................................................................................1Task 1 ..............................................................................................................................................11.1 Why 'Parliament is Sovereign'? And what are the different sources of UK laws?..........11.2 Role of government in law making process and what is the use of statutory and commonlaw in Justice court.................................................................................................................21.3 What are the roles of company law, contract law and employment law upon business..3TASK 2............................................................................................................................................42.1 Nature and formation of different business......................................................................42.2 Unincorporated and Incorporate business with its advantages & disadvantages also itsmajor differences....................................................................................................................52.3 Advantages and disadvantages of company over partnership firm..................................6Section 2...........................................................................................................................................71. Solve disputes of different cases with appropriate case laws with legal solution..............7CASE 1...................................................................................................................................7CASE 2...................................................................................................................................8Conclusion.....................................................................................................................................10REFERENCES..............................................................................................................................11.......................................................................................................................................................11
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IntroductionBusiness law is the body of law that helps to deal with different business and day to daytransactions (Besley, 2015). It gives basic knowledge regarding different law like contract law,company law, intellectual property law, different corporate law, taxation law and etc. It is a legalpuzzle that must be changed according to time and situation. The purpose of business law is tomaintain rule and regulations and to solve disputes if necessary. Every individual andorganisation must follow guidelines which are provided by this law and if any one is found guiltythen legal actions can be taken. In the given project the discussion will be on the topics which are related to business law.This file will help to solve different case studies with there suitable measures. It will include whyparliament is sovereign and what's the importance of queens speech. There will be differentformation of businesses and what are the uses with required advantages and disadvantages.Section 1Task 1 1.1 Why 'Parliament is Sovereign'? And what are the different sources of UK laws?'Parliament is Sovereign' can be explained as the authority which have the legal rights toconstitute different laws in country which are to followed by every individual (Parliament'sauthority, 2018). No one has the right to raise questions regarding any law which are formed byparliament. It is said that the the process of sovereignty was started by the king of 13th century.Even courts do not have the power to ask any question to the House of Parliament regardingpolicies which they have imposed on general public. Only House of Lords can change rules andregulation which they have enforced in the territory of UK. final decision of parliament is takenin House of Lords under Royal Ascent Act 1961 where Queen represent herself by giving speechin the opening parliament in the month of November and December. The speech of queen ismainly prepared by the ruling government. The speech is related to policies and legislation ofnew parliament session. The speech is so powerful that even single political party don't wantmake any agenda but the speech. After the speech is over Queen leaves, where the session ofparliament begins. 1
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