Business Law I Summary Essay

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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.
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Provided the Bill survives any vote, it passes to the Committee stage.
Committee stage The Bill is discussed in detail by Standing Committee or the whole House sitting as Commitee. The Bill is examined clause by clause and any amendments are voted on.
Report stage The Bill is formally reported to the House and amendments made in Committee are considered.
Third reading The Bill is debated again in general terms. Only minor verbal amendments can be made. If there is a majority in favour, the Bill proceed to the other House.
House of lords
The Bill passes through a similar procedure in the Lords. As a non-elected body, it does not have an absolute right of veto, but it may delay the progress of a Bill.

Royal Assent
This is something of a formality as the Queen’s approval is never refused these days. The Bill is now an Act of Parliament.

Delegated legislation
When the Parliament does not have the time and sufficiency to deal with all the complex problems arising, they use delegated legislation. In this case other bodies or people are allowed to draw up the detailed rules necessary. 1. Orders in Council these rules are made under the authority of an Act by the Queen acting on advice of the Privy Council(an honorary body descended from the old Curia Regis) 2. Rules and regulations these are made by an