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Unit 7 Business Law - Assignment

Added on - 08 Dec 2020

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Unit 7 Business Law
TABLE OF CONTENTSTASK 1............................................................................................................................................3P1. Different sources of law.......................................................................................................3P2. Role of government in law making and analyzing the way statutory as well as commonlegislation are applied in the Justice court..................................................................................4M1 Evaluating the effectiveness of English legal system in context of recent reforms anddevelopments...............................................................................................................................5TASK 2............................................................................................................................................5P3. Illustrating the way company, employment and contract law has potential effect onbusiness......................................................................................................................................5M2 . Difference between legislation, regulations and standards...............................................7TASK 3............................................................................................................................................7P4. Exploring the way different types of business are legally formed.......................................7P5. Analyzing the way business organizations are managed and funded..................................8M3 Advantages and disadvantages of formation of different companies................................9TASK 4..........................................................................................................................................10P6. Recommending legal solutions for resolving range of business disputes.........................10M 4. Evaluating the different sources of legal advice and source..........................................11CONCLUSION.............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness law is the legislation which governs the way business are operated andmanaged. This specific norm has been designed by the government in the nation in order to helpcompanies in resolving the various issues. Business law also regulates the corporate contracts,manufacturing and sales of consumer goods as well as corporate contracts. This legislation isalso applicable to establishment of new business (Yeoh, 2019). It is very important fororganisations to comply with the all the legislation formed by the government, as this will helpthem in sustaining business. The laws made by the legal authority in the nation have direct aswell as significant effect on the business operations of firm. There are few business legislationssuch as employment law have direct as well as significant impact on the relationship betweenemployer and employee. Business law in UK governs the business of the firms established inEngland and Wales. Legislative system of UK is highly influenced by the EU laws. Theorganisation selected here is global solicitor.The report has focus on addressing the different sources of law in UK. Study willhighlight the role of government in law making. It will provide the detail about the way statutoryas well as common laws are applied in justice courts.TASK 1P1. Different sources of lawBusiness law in UK mainly deals with business and financial transactions. The differentbranches of business law in UK are contract law, intellectual property, tax law, uniformcommercial code. Legislative system in UK has hierarchical structure in which the supreme courtis the higher authority who has right to take major decisions related to passing of the specific law(Bouch, Powell and Horsfall, 2018). The decision taken by judge in the supreme court is to befollowed by all the tribunals. Different sources of law in EnglishStatutory legislation: These laws are originated as a result of act by parliament.Delegated legislation:such norms are made by other people under the authority given byparliament.EU laws:Before brexit, the laws are formed by EU government and were followed by UK aswell. But after brexit, the legal authority in UK has decided to create their own legislation. Thereare few norms in the UK legislative system which are highly influenced by EU law.
Case law:Such types of laws are emerged as a result of the decision taken by the judge ofsupreme court in special cases.Common law:these norms are emerged from thejudicialdecisions of courts and similartribunals.Convention of Human right:This norm is highly influenced by EU law. It is the legislationwhich is designed by the EU government in order to protect the rights of employees from gettingexploited by employer.P2. Role of government in law making and analysing the way statutory as well as commonlegislations are applied in the Justice court.In UK legislative system, only parliament has the authority to pass the law butGovernment in the nation also has important role to play in law making procedure. One of theimportant function which legal authority is to identify the problems faced by people as well asorganization. In addition to this, role of government is to represent the interest of residents andcompanies in front of parliament (Barnes, Williams and Carpenter, 2018). The law making isvery complex and lengthy procedure which consists of different phases these are:Preparation stage:At this phase, the role of government is to identify the problemsfaced by companies or people. Function of the government is to prepared the draft which shouldconsists of list of issues and specific solution's. The law proposed by the government is known asbill. Once proposed bill is prepared it is required to be presented in the front of legal authorityworking at lower level in hierarchy of English system.First reading:At this phase, it is the duty of government to provide official note statingthat bill is going to be proposed. Once the bill or draft is approved by the lower courts, it is to bepresented in front of the parliament for the first reading. Role of government is to present thedraft in front of the members in parliament (Howells and Ramsay, 2018). One the first reading iscompleted, it is the duty of legal authority to make changes in the draft as per the suggestionsgiven by the members in parliament and prepare complete proposal.Second reading :After the modification in draft and preparation of complete proposal,role of the government is to present the bill for second reading in the front of members inparliament. It is the duty of legal authority in the nation to share the complete detail of bill in thefront of members in Parliament. At this stage, A discussion can be held related to passing of thebill.
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