The Introduction to Business Law

Masters
Essay
Miscellaneous
Pages 4 (1004 words)
Download 0
Meaning of 8 words sentence: "IF IT AIN'T BROKE, DON'T FIX IT" it means "Any attempt to improve on a system that already works is pointless and may even be detrimental." Government official Bert Lance (1931).
The statement signifies two aspects, (a) the role of Judges in commercial development of society/ nation and (b) whether reform in the existing system is required when the existing system is working properly.

Introduction

This law is called the judge made law. In case of statute law made by the parliament judges interpret in accordance and in connotation with the facts and issues. The quality decisions come from quality of judges and the success of any trade or business if not entirely at least partly depends up on the quality decisions of the judges. Therefore the first part of the statement 'The commercial success of the City of London is, in part, dependent on the quality of the judges in the Commercial Court' is rightly said.
It is not in dispute that the judges working all the areas of work in England and Wales are of the highest calibre. They have created a strong and independent judiciary which command respect nationally and internationally. However, an independent Judicial Appointments Commission will take responsibility for the selection of judges in England and Wales cannot be seen as an attempt by Governement to meddle with the justice delivering system.
As of now all the judicial appointments are entirely in the hands of the Government. To have a transparent, independant judicial system it is imperative that the system must be independent from governement. ...
Download paper
Not exactly what you need?

Related papers

Legal Aspects of Business Decisions individual 1(introduction to International law)
In August 1996, after allowing the parties to brief the issue, the district court dismissed the Complaint for lack of subject matter jurisdiction. The court concluded that Hong Kong is not a "foreign state" under the diversity statute, and, consequently, Matimak is not a "citizen or subject" of a "foreign state."…
Introduction to Business Law examples
These included details like the apartment description, payment terms, lease period as well as certain restriction or "house rules" which both parties had to follow. Fourth, both parties have the capacity to enter into a contract given that are both past the age of majority, which in most states in the US is set at 18 years old (Emerson, 2003). Lastly, the said contract was valid because it was in…
Introduction to Business Law - Acts
The Comstock Act of 1890, named after its chief proponent Anthony Comstock, was enacted to safeguard the society's moral fiber, aimed at safeguarding American society against the destructive effects of "obscene, lewd, and lascivious" books. Upon its enactment, it made it illegal to "selloffer to sell, or to lend, or to give away, or in any manner to exhibit, or shall otherwise publish or offer to…
Introduction to Law Essay
Churton and Silver were able to inform Risk It of the situation, who agreed to amending the loan agreement by postponing the payment of the principal due for 1 year, and waived all interest payables. However, due to financial problems of its own, risk It now wishes to enforce the original loan agreement against Churton and Silver, and the latter refuse citing the limitations on what they may pay…
Review of Current Newspaper Article ( Business Law )
The case is related to the article as it is a decided case that questions the legality of the policies of Home Building Warranty Schemes and ruled that the deeds of indemnity could be characterized as contracts of re-insurance and that "there was a genuine question as to whether the deeds were illegal by reason of non-compliance with the Insurance Act (Innovative Insights, 2007)."…
Introduction to Business Law - legal system
It's not something that is justifiably in the normal life of a teenager but it doesn't mark him as a threat in regards to becoming a repeat offender. Either way this isn't something you have to worry about with this candidate. I assure you that you won't return to your complex one day to discover graffiti all over the front of your building. (Building Blocks for Youth, Fact Sheet 1, 2005).…
The Introduction to Business Law
This law is called the judge made law. In case of statute law made by the parliament judges interpret in accordance and in connotation with the facts and issues. The quality decisions come from quality of judges and the success of any trade or business if not entirely at least partly depends up on the quality decisions of the judges. Therefore the first part of the statement 'The commercial…