Sources of Business Law - Assignment
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Added on 2020-12-09
Sources of Business Law - Assignment
Added on 2020-12-09
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Business Law
Table of ContentsINTRODUCTION...........................................................................................................................1LO1. ................................................................................................................................................1P1. Explaining the various sources of law..................................................................................1P2 Role of government in making law and explaining application of statutory and commonlaw in the courts of UK..............................................................................................................2M1 Evaluation of the effectiveness of legal system in context of latest developments andchanges made in the legal structure of UK ................................................................................3LO2..................................................................................................................................................4P3 With use of example explaining the effect employment, company and contract law haveon a business operating in UK...................................................................................................4M2 Presenting difference between legislation, standard and regulation with illustrating theirimpact on business organisation in UK.......................................................................................5D1 Evaluation of legal system and law through presenting examples as well...........................5LO3..................................................................................................................................................5P4. Explaining the legal formation of the different kinds of the organization............................5P5. Explaining the management and the funding sources of the business organizations. .........7M3&D3. Evaluating the advantages and disadvantages of the various business organizations. .....................................................................................................................................................8LO4..................................................................................................................................................9P6 Providing solutions to different business disputes where party can get legal advise .........9M4 and D3 Comparison and evaluating effectiveness of the legal solutions,legal advise andsupport.......................................................................................................................................10CONCLUSION..............................................................................................................................10REFERENCES .............................................................................................................................12
INTRODUCTIONBusiness law is defined as the laws that dictated the formation and the operation of thebusiness. It is the legal system that guarantees for the orderly conduct of the affairs of businessand the legitimate settlement of the dispute. It provides for the rules, policies and the proceduresthat prescribes conduct of the business by avoiding the implications and the injury in thebusiness relationship. The present study is based on the legal rules regarding the business.Furthermore, it describes various sources of the law and the role of the government in makingthe law. The legal provisions in relation to the formation of the business organizations and themanagement and the sources of funding are also highlighted in the study. ACTIVITY 1LO1. P1. Explaining the various sources of lawMany treaties of the English legal system impose the legal obligations on the state of themembers that includes the treaty of Rome 1957, European Act 1987 etc (Frankle and et.al.,2015). Majorly there are most important sources of law that includes the parliament, delegatedlegislation, courts, regulations. Regulations- It is intended for imposing the uniformity in the law throughout the overallcommunity. They create effects in all the member states on an immediate basis that is beingissued. Parliament- Majority of the English legal laws are framed by the Parliament. It includestwo types of the legislation that is the direct and the delegated legislation. In direct legislation,the laws are comprised of the act of the Parliament and developed by passage of the bill throughthe certified processes (Allen, 2017). Indirect or the delegated legislation is been created by theauthorized body that has the power in legitimating by the parliament under the enabling Act.Delegated legislation is of four types that orders in the council, statutory instrument, bye-lawsand the regulation for implementing the law from EU. Courts- The law that are provisioned by the court are called as the common law. In oldertimes the courts were considered as the primary source in law makers but had been suspended bythe parliament due to the social conditions and needs the different style for making the law.Court has facilitates the law regarding civil as well as the criminal aspects. This shows the1
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