Business Law I Summary

34667 Words Mar 31st, 2011 139 Pages
Chapter one Business Law

Law is a set of rules, enforceable by the courts, which regulate the government of the state and governs the relationship between the state and its citizens and between one citizen and another.

There are various ways in which the law may be classified; the most important are: * Public and private law * A) Public law is concerned with the relationship between the state and its citizens. Specialised areas are: 1. Constitutional law is concerned with the workings of the british constitution. It covers such matters as the position of the Crown, the composition and procedures of Parliament, the functioning of central and local government, citizenship and the civil liberties of individual citizens.
…show more content…
* Political parties and pressure groups

Law making processes 1. Legislation is law enacted by the Queen in Parliament in the form of Acts of Parliament r statutes. Parliament consists of two chambers(House of Commons and House of Lords). House of Lords is not an elected body. 2. Parliamentary sovereignty: the supremacy of Parliament in the legislative sphere is known as the doctrine of parliamentary sovereignty. It means that Parliament can make any laws as it pleases, no matter how perverse or unfair.
Example: Factorname Ltd v. Secretary of State for Transport (page 17) 3. The making of an Act of Parliament: the procedure by which a legislative proposal is translated into an Act of Parliament is long and complicated. Before all the stages in the process have been completed, the act is known as a bill. Kind of bills: * Public Bill change general law or affect the whole of the country. * Private Bill do not alter the law for the whole community but deal with matters of concern in a particular locality or to a private company or even individuals * Government bills are introduced by a minister with the backing of the government and are almost certain to become law. * Private members bill are introduced by an individual MP or private peer(in the House of Lords) without guaranteed government backing.
Example law making continued: Donague v. Stevenson (page 345)

Stages bill have to go through:

House of

More about Business Law I Summary

Open Document