The Laws And The Rules And Systems Set Out Within Act Of Parliament

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Aim The aim of this research is to present three important statutes related to Property professionals and demonstrate how common law helps to interpret the rules and systems set out in Acts of Parliament. Introduction In United Kingdom’s legal system, Statute Law is a law which is written down and codified into law. Statute begins as a bill which is either a proposal for a new law or a proposal to amend an existing law. Statutes are also known as Acts of Parliament (Elliot 2014). Before becoming a formal bills, draft bills are introduced either to House of Commons or House of Lords. Draft bills are published for consultation, this process allows to examine and amend the text prior to formal introduction of bill to Parliament. To become…show more content…
There will be a vote to whether to approve suggested amendments (Elliot 2014). Stage 5: Third Reading – at this stage the amended bill is read in full. There will be debate only if at least six of members request it. The decision will be made whether bill to proceed. If the bill is successfully progressed through all stages it then passed to the Alternative Chamber. If bill started in the House of Commons it is to proceed to the House of Lords and vice versa. Any amendment made by alternative Chamber should be passed to House of Origin for approval (Elliot 2014). Stage 6: Royal Assent – at this stage formal bill which successfully passed all previous stages is introduced to Parliament for approval. This is formal procedure where bill is signed by monarch and formally becomes a Statute. Generally date to implementation of a new statue is commencing shortly after Royal Assent granted. However in some Acts date for implementation may be some time after approval to allow time to businesses or individuals to adopt the changes (Elliot 2014). In addition to Statute Law there is a Common Law or Case Law, which helps to interpret the Acts of Parliament. Case Law is based on the decisions made by High Court and interprets the application of statutes. Judges create the Common Law by delivering written judgements about the cases (Elliot 2014). In deciding a case, first
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