Hnc Accounts - Business Law Outcome Essay Example for Free

Hnc Accounts Business Law Outcome Essay There are two institutions in the UK that have the power to make statutory legislation in Scotland. The first of these institutions is Westminster (London) where elected individuals serve in the House of Commons. These members are known as MP’s (Members of Parliament). Parliament is responsible for passing new laws (legislation). In the late nineties the House of Commons allowed the passing of devolved powers to the newly created Scottish Parliament. Only certain powers were transferred to Holyrood and Westminster still control the laws that govern Tax, National Security and many others. Westminster is still regarded as Primary Legislation. This means that any law made by Westminster in reserved matters of policy must be adhered to by the Scottish Parliament. The second of these institutions is Holyrood (Edinburgh) where 129 elected individuals serve in the Scottish Parliament. These members are known as MSP’s (Members of Scottish Parliament). The Scottish Parliament was created on the 11th Sept 1997. The voters in Scotland took part in a referendum where they voted on a Devolved Scottish Parliament. This meant that Westminster would allow this devolved parliament to create laws in certain areas of policy. The Scottish people voted for a devolved parliament and the devolved powers were transferred from Westminster to The Scottish Parliament on the 1st July 1999. Westminster reserved certain powers that still govern many areas of Scotland today but the devolved powers allow Scotland to pass laws and regulate in areas such as Agriculture, Health and Housing to name a few. The process of making primary legislation in the UK follows a very strict procedure of three distinct stages. An MP, Lord or a member of the public can raise a bill to suggest a change of law (legislation). The first stage  of the process involves a parliamentary committee of members. They will review the bill and decide whether it moves to the second stage. The second stage allows amendments to the bill and allows the bill to be scrutinized by the committee and member. If the bill passes this stage then the third stage involves a member vote. If a majority of the members vote for the bill then the bill will be passed and presented to the Queen to receive a Royal Assent. The bill is now law. Common Law has a major role in Scots law today and it draws on four separate elements. Common Law is often referred to as the ‘Unwritten Law’ or ‘Historical Law’. This unwritten law has developed over centuries and draws from different sources. 1. Common law is based on Equity. Equity is the process of allowing judges to apply fairness or justice when there is no legislation to refer to. They must base these decisions on fairness and equality for all. When the judge follows this process of Equity he/she is actually making the law. This is called Precedent and we will talk about this in more detail in point 4. 2. Common law is also based on Institutional Writing. Centuries ago men of a higher class would finish their schooling in the various cities of Europe. These men would learn the laws of other countries and on their return to their estates in the UK would write about these laws and use them to govern their own estates. Institutional Writings no longer hold the authority as days gone by as Government Legislation and Judicial Precedent are supreme and overrule Institutional writings if they are based on similar cases. 3. Common Law is also based on Custom. Custom is when over a long period of time a particular habit is recognized by the people or social grouping. An example of this would be ‘common law husband’ where the couple are not in fact married but have lived as such so therefore the man would be entitled to the same rights as a legal husband. 4. The most important piece of common law in the courts today is Judicial Precedent. Judicial Precedent is where a judge or jury has no other legislation or act of parliament to decide a particular dispute and any decision they make will be followed in the future for any other similar disputes. A precedent can only be superseded by a higher court, government legislation or act of  parliament. Judicial Precedent tries to keep the law stable. Consistency through the court system is vital when trying to uphold the virtues of Fairness and Equality. The four key institutions of the European Union are the Council of Ministers, European Parliament, European Court of Justice and the European Commission. Each of these institutions has a representative from each member nation to allow a voice from each of the member states. The European Commission along with the Council of Ministers can change and amend laws within the European states. The Commission, unlike The Council of Ministers, has the power to change Regulations and issue Directives (these are orders passed by the European Commission or The Council of Ministers to ensure legislation is implemented within all the member states). If a state, company or persons break or do not comply with European law then it is the European Commission who will raise a court action against those who are not complying. The Council of Ministers is the legislative body of the EU. They are head of decision making and law/regulation introduction in the EU. They are the most powerful of all the institutions in Europe. Although the Council has the highest power there are still areas of legislation that the Council cannot pass with the advisory input of the European Parliament. The European Parliament is to advise and make recommendations to the Council of Ministers in various areas of legislation. They will review any piece of legislation or directive and give their opinions on the matter. If the Commission does not implement the recommendations of the Parliament then they must advise why they have not done so. The Parliament cannot change, implement or make European law and are there solely as an advisory Parliament. The European Court of Justice is the highest court within the European states on Community law (laws that have been issued by the Commission or Council of Ministers). If a state, company or persons fail to abide by the regulations  and directives issued by the Commission then it is the Court of Justice responsibility to ensure the law is observed. The Commission will initiate the proceedings and allow the member state an opportunity to defend itself against the complaint. If that process does not result in the breach being rectified the action will then go to the Courts of Justice. There are two main types of European Legislation. They are Directive Regulation. 1. Directive legislation allows the European Commission to give a timescale for a piece to legislation to be introduced. Directives are issued to ensure that law is common throughout the European Countries. They keep the peoples equality to fairness and equality protected throughout the member states. If a country does not adhere to these directives sanctions can be issued. 2. Regulation Legislation is required in an emergency situation or crisis. They must be acted upon immediately by the state that the order is against. An example of this would be the BSE crisis in the 90’s when an immediate ban was put on the importing and exporting of beef from the UK. All member states had to adhere to this regulation to ensure that British beef stocks did not contaminate the other member states beef stock.

The Disaster at Chernobyl Essay -- Nuclear Explosions Ukraine Essays H

The Disaster at Chernobyl On April 26th, 1986, operators at the Chernobyl Power Plant in Chernobyl, Ukraine, ran what they thought to be a routine safety test. But fate was not on the side of these operators. Without warning, reactor #4 became unstable, as it had been operating at a low power for a possible shutdown and the reactor’s design caused it to be unsafe at this level of power. Internal temperatures rose. Attempts to cool the system produced the opposite effect. Instantly, the nuclear core surged with power. At 1:23 p.m., the reactor exploded. The first blast ripped off the reactor's steel roof. The second blast released a large plume of radiation into the sky. Flames engulfed the building. For ten long days, fire fighters and power plant workers attempted to overcome the inferno. Thirty-one of them died of radiation poisoning. Chernobyl was the worst nuclear disaster in history. It unleashed radiation hundreds of times greater than the atomic bombs exploded over Japan during Wo rld War II. [1] Initially the Soviet Government kept the accident at Chernobyl a secret. Because radiation lacks smell or taste, and is invisible, people carried on with their daily lives, all the while inhaling radioactive particles. It took ten days for the Soviet government to evacuate the contaminated areas. Particles fell into the crops and plants of the people. Cows ate grass that had been contaminated by the nuclear particles causing the dairy produ...

How Does Arthutr Miller Create Tension and Conflict Between John and Elizabeth Proctor at the Start of Act 2

†The Crucible,† is a 1952 play written by Arthur Miller as an allegory of Mcarthyism. The play follows a theocratic society in which the church and the state are one, and reputation plays an important role in Salem where private and public moralities are the same. In act one, the secret affair of John Proctor and Abigail Williams was revealed that led to conflict between John and his wife. Divorce was not permitted in the late 16th century, hence, the Proctors had to maintain their marriage causing discord within the Proctor household.At the start of Act 2, Miller creates a tense atmosphere of animosity portrayed by John and Elizabeth Proctor in their lack of affection, awkwardness, appraisal and guilt leading to affliction. In the beginning of Act Two, Miller portrays the tension in the Proctors house by the awkward atmosphere between John and Elizabeth when John returns home late. John is desperately trying to maintain a light atmosphere in the house by complimenting El izabeths cooking saying that † It's well seasoned,† although we know that in fact it is John who in attempt to conceal Elizabeths bland cooking, had seasoned it himself.The author makes the audience feel the lack of natural affection between the Proctors by their forced attempts to please each other. Throughout their conversation, John tells Elizabeth that he is planning to buy George Jacobs heifer, saying † I mean to please you Elizabeth,† as he tries to mend their relationship and seek her forgiveness. However, it is obviously hard for her to welcome his attempts as he have had an affair with Abby, and her actions towards him are detached.It is clear that the atmosphere in the house is blank and tense, by Millers constant use of questions and short replies. In addition, the tension between John and Elizabeth Proctor is accentuated by Elizabeth's distrust and suspicion towards John, based on her knowledge on the affair between John and Abby. Elizabeth questi ons John's honesty when he told her he had been alone with Abigail saying † why, then, it is not as you told me,† bearing down on him for lacking to mention this part altough the audience knows it was just a brief encounter.Furthermore, Elizabeth constant judgements lead to John's critisism of her where he cannot keep conceal his anger towards Elizabeth's judgement. After Elizabeth confronted John about still having feelings towards her, John had warned her † You will not judge me anymore Elizabeth. Let you look to your improvement nefore you go to judge your husband anymore. † This shows that although John is trying desperately to please Elizabeth , he cannot do so when she is constantly judging him about his affair with Abigail.Consequently, much of the conflict between John and Elizabeth, Miller portrays through John's guilt over the affair. The audience feels that Elizabeth's knowledge of the affair, makes John feel judged. Elizabeth questions John about his feeling for Abigail saying †John, if it were not Abigail that you must go to hurt, would you falter now? † Elizabeth's judgement leads John to struggle to regain his dignity and trust before his wife.After Elizabeth had suggested John had yet some feeling left for Abigail, John replies by saying † I come into a court everytime I come into this house. † We are shown that John feels judged by Elizabeth every time he comes home that leads to his struggle to acquire Elizabeth's forgiveness, and retain his dignity before her. In act Two, John tells Elizabeth that † I confessed. Confessed! Some dream I had must have mistaken you for God that day,† revealing that he had confessed to her about the affair and almost expects her to give him some recognition for that.At the end of the scene, the astricted atmoshere remains within the couple when John pleads to Elizabeth, saying † Let you look sometimes for the goodness in me, and judge me not,† to which she replies † I do not judge you. The magistrate sits in your heart that judges you. † By this we are displayed Elizabeth's feeling towards John's accusation towards which she reveals to John that it is not her that he is being judged by, but in fact his quilty conscience over the affair.In Conclusion, the audince feels tension and conflict between John and Elizabeth in act two through Miller's use of scenes of frigidity, lack of natural affection, constant use of questions and short replies,Elizabeth's suspicion and distrust of John and their constant judgement of each other . This scene plays an important role to the events that were building up in Salem, as the conflict in their household can almost represent the hysteria that was building up in Salem at that time with constant suspicions, distrusts and judgement.

What Is A Financial Crisis - 1671 Words

What is a financial crisis? According to Mishkin and Eakins (2015), â€Å"a financial crisis occurs when information flows in financial markets experience a particularly large disruption, with the result that financial frictions and credit spreads increase sharply and financial markets stop functioning. Then economic activity will collapse† (p.165). Throughout history the United States of America has experienced six significant financial crises. Each crisis left the United States of America’s economy is disarray. Furthermore, many economists believe that a major economic crisis occurs about every seven years. Consequently, this raises the question, should the United States Government bailout financial institutions during an economic crisis?†¦show more content†¦According to the Department of State Office of Historian, â€Å"During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States†¦ The embargo both banned petroleum exports to the targeted nations and introduced cuts in oil production†. The embargo lead to a shortage of oil, increased oil prices per barrel, lead to the devaluation of the U.S. dollar and caused a global recession. The third financial crisis faced by the United Sates was the recession of the 1980’s. Sablik (2013), states that the main reason for the recession of the 1980’s and the leading factor for this financial crisis was caused by the chairman of the Fed, Paul Volcker. â€Å"(Volcker) felt strongly that mounting inflation should be the primary concern for the Fed: â€Å"In terms of economic stability in the future, [inflation] is what is likely to give us the most problems and create the biggest recession† (Sablik, 2013). Volcker’s aggressive tactics back fired and lead to high unemployment rates and high interest rates. The fourth crisis was Black Monday, the stock market crash of 1987. According to Colombo (2012), During this time the Federal Reserve raised interest rates to try and control inflation. This did not sit well with individuals who were invested in the stock market. 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