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The Introduction to Business Law - Essay Example

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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 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. ...Show more

Summary

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.
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The Introduction to Business Law essay example
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