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UNIT 7 Business Law Assignment - Doc

   

Added on  2020-10-04

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UNIT 7 BUSINESS LAW

Table of ContentsINTRODUCTION ..........................................................................................................................4LO 1 ................................................................................................................................................4P 1 Sources of Law in UK .....................................................................................................4P 2 The role of Government in Law – making ......................................................................5LO 2.................................................................................................................................................6P 3 Impact of company, employment and contract law On business using UK examples....6LO 3.................................................................................................................................................8P 4 Different types of business organisation which are legally formed.................................8P 5 Explain How business organisation are managed and funded. ......................................9LO 4 ..............................................................................................................................................11P 6 Recommendation for resolving range of disputes using legal solutions .......................11CONCLUSION ............................................................................................................................13REFERENCES..............................................................................................................................14

INTRODUCTION Business law contains rules and regulation regarding formation and running a businessenterprise. Every organisation has to adhere to the rules and regulation contained in this law. Itgoverns all the commercial matters. This assignment will include Global Solicitors which is alaw firm situated in London. Moreover, It will consist of different sources of laws and the role ofgovernment in law making and the application of statutory and common law in the justice court.Furthermore, It will provide understanding about impact of company, contract and employmentlaw on business. Also, This study will inform about different types of business that are legallyformed. In addition, it will suggest recommendation for resolving disputes through legal adviceand support. LO 1 P 1 Sources of Law in UK Law consists of rules and regulation which everyone has to follow. The sources of lawconsist of followings :Legislation : It is a law which is created by legislature. The legislation is passed byAct of parliament. In UK the legislature is UK parliament which has the right to make

legal system. The UK parliament is the body that have the power to pass laws. Itconsists of House of Commons and House of Lords (English Law: An introduction,2018). The House of Common Consist of 650 members of parliament whereas Houseof Lords consist of 800 members. There are two types of legislations which arePrimary and delegated. Primary legislation includes Act of parliament or Statutes(Miller, 2015). The another is Delegated legislation which consists of StatutoryInstruments and are made by people that are acting under Authority of parliament.For example, Equality Act, 2010.Common Law : These are the laws which are made through principles established incases over the centuries. In UK the legal system of England and Wales is a commonlaw. The decision of senior appellate court become part of law. These laws are madethrough the decision of judicial person. The judgement will include the facts of case.The case law require accurate reporting regarding the facts of case (Allen andKraakman, 2016). These laws are created in Courts rather than in parliament. Thedecision of court is written in law report and then the decision regarding thatparticular case becomes a law.European Union Law : UK is the member state of European Union that means EUlaws take precedence over UK laws. There are various European union laws whichare applicable to UK that consist of Companies Act 2006 which is derived fromEuropean union directives (Vagts, And et.al., 2015). Another directives includeTreaties and regulations but these require unanimous agreement of member states. European Convention on Human rights : UK is a member state of European unionand thus it is a signatory to European Convention on Human rights. As per theHuman rights Act, 1998 which is applicable to UK also protect the rights of peoplewhich are identified as per European Convention on Human rights.P 2 The role of Government in Law – making The government of UK propose new laws which are presented in parliament throughHouse of Lords and House of Commons. The parliament examines the work of government. Ithas the Authority to approve the laws proposed by government. The House of Lord which areappointed by Government are involved in making a law in parliament. First the bill is made byCivil lawyers which is instructed by Government (Roach, 2016). This bill contains the details of

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