StudentShare solutions
Triangle menu

Business Law - Essay Example

Nobody downloaded yet

Extract of sample
Business Law

is not improper to consider European Communities Law before Legislation and Common laws as sources of English Law because, European Union has progressively passed the right to create laws which have effects in the UK since it joined European Union,. Kelley and Holmes (1997) considered Legislation as the second source of Law because Parliament within UK is sovereign and can create or alter the law whenever it determines to do so.
European Law has three distinctive forms namely regulations, directives and decisions. Regulations have immediate effect without out the need for UK to produce its own legislation. On contrary, directives are those that require specific legislation to execute the proposals. Decisions of the European Court of Justice are applicable all over the European Union countries (Kelley and Holmes, 1997). Parliament has sovereign rights and powers to make or alter laws if European Union institutions are sovereign in its boundaries.
The laws that are formed by the legislature (Parliament) are known as Statute or Legislation law. A law which has been passed by the legislature and it has received Royal Assent, it is known as Act of Parliament and it forms to be the primary form of Statute Law (Gillies, 2004). There are various types of legislation and its impacts also will be different. For instance, public acts affect public generally whereas private acts affect only limited groups of the public.
The Common Law is the body of principles that are developed by the Common Law courts of England (Gillies, 2004). Common laws are those legal rules and principles that are created and developed by the courts in deciding legal cases. The primary hallmark of the Common law is that it is made by court judges. They, rather than creating laws, find, observe, declare and discover laws from case to cases.
Equity is considered to be a branch of English Law, supplement to Common Law. It has been established and developed hundreds of years ago when litigants went to ...Show more


The House of Lords stand at the summit of the English court’s framework and it has both legislative and judicial functions. It is…
Author : heidenreichaust
Business Law essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Business Law"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Business Law
“There was a proposal by one party, and assented to in the same terms by the other party” (Oughton and Davis 24). Thus, there was a binding contract created by the offer made by Smunt and acceptance by Roginsky. In the case of Smunt, such offer became valid because prior to the acceptance, he had the intention to be bound by such contract.
3 pages (750 words) Essay
Business Law
Though this may show that equity is of different types. In financial markets there are number of ways to earn money besides doing the original business. One may be the money market;
6 pages (1500 words) Essay
It can also try either way-cases – cases which can be tried either in the magistrates’ courts or in crown courts. The magistrates are staffed by either lay magistrates or professional district
4 pages (1000 words) Essay
Business Law
The increase in price is justified obviously because none of the hoteliers, except Brad, object to the price increase. The likelihood of any consumer backing off or refusing to pay the new rates is minimal because Port
2 pages (500 words) Essay
Business law
In this case, material facts refer to information, which, if known, would make a difference on the decision made by a party in an agreement (Clarkson, Miller and
1 pages (250 words) Essay
Business Law
Meztista produced a balance sheet with an indication of the firm’s net worth and a proposed 50 percent proceeds for each partner. While Hylton questioned the validity of the financial
1 pages (250 words) Essay
Business law
Gharar refers to uncertainty or a perilous condition that is illegal under Islamic law. As a result, no damages can be awarded for breach of a contract in which a party took risks. The law therefore limits damages by the extent of the taken risk
2 pages (500 words) Essay
Business Law
This is because inclusion of the furniture is not part of the definite terms enlisted in the final contract. The contract also
1 pages (250 words) Essay
Business law
Upon notification by the waiter, the defendant paid in cash all the accrued debt and later on development of complication from the frustration, sued for damages and compensation. The card was to secure
1 pages (250 words) Essay
Business law
The court is likely to dismiss Price’s claims because of various legal concepts that invalidate his contract with the parties and even undermine possible claim from their dealings in the drug. A contract is only valid if its
1 pages (250 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment