Business Law: Sources, Role of Government, Types of Business

BUSINESS LAW

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
TASK 2............................................................................................................................................7
TASK 3............................................................................................................................................9
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Business law refers to the structure of law which is mainly regulated to control and
manages the activities in business. It mainly carries laws relating to the forming and running the
business, the funding which they are using to manage the overall activities and also the rules and
regulation which is imposed to manage the activities in better way (Business Law and
Regulation, 2019). Usually parliament impose such rules in respect of securing the rights of the
parties and also provides security to the employee who are engaged with the business. It mainly
secures the parties from committing any civil and criminal laws and also impose condition for
breach in case of violation of the norms by any of the parties.
Present report is based upon the case study relating to examining the sources of law and
also the role of government in law making. It also covers the matter relating to types of company
which is carried by partners regarding establishing the business. Further it includes the aspects
relating to examining the solution which is used by partner regarding solving the business
problems.
TASK 1
In relation to explaining the different sources of law, they are undertaken in ways of
interpreting the English legal systems. It is mainly categorized into four sources:
Customs: This law is not mainly written and also it runs from the ancient times. Generally, it
customs the existing laws due to changes in time and demand of the public regarding getting fair
judgement from the issues faced.
Statutory laws: It refers to such laws which is mainly imposed by the parliament and thus mainly
focus on providing justice to parties regarding the laws which is mentioned in the constitution. It
carries to be the act of parliament which attains the right regarding amending the exiting laws
due to undertaking the market demands and fulfilment of the people needs (Singh, 2016).
Common laws: It is also termed to be case laws in which the judgement to the people are given
through referring the existing case laws. It not mainly focus on undertaking the laws which is
mentioned in the constitution as the judgement is to be given on the bases of the reflecting the
previous cases and then accordingly decision is passed.
Europeans laws: This is mainly established in 1973 which the motive is to secure the right of the
citizen of UK. This law is mainly designed in respect of bringing changes in country culture and

also providing more security and rights to citizen to take their own decisions. This law is mainly
operated by the member of the European community and European Union.
Thus, it refers to the major sources of laws which carries the equal importance in
providing justice to the persons. In respect of undertaking the matter relating to Role of
government in law making, it carries various procedure which is undertaken as follows:
The procedure of making law is undertaken when the changes are demanded by the
person regarding imposing new laws or amend the exiting laws. In such manner the duty of the
public authorities is examining regarding evaluating the changes in making new laws. Thus,
from such aspects, the draft is placed and presented before the cabinet ministers in respect of
undertaking further proceedings (Marson, Ferris and Fletcher, 2019). After getting approval from
the cabinet minsters, the further proceeding is done which carries the presentation to be made in
either, house of common or house of lords. As through these aspects, the first reading is
undertaken in which the title of the bill is read and also the reason behind carrying the bill.
After getting the approval of the first reading, the second reading is conducted in which
the stability of the bill is determined through conducting the majority. After having the detailed
procedure of the second reading, the bill further raised to the committee where the detailed
discussion is undertaken and also changes are to be made in the bill. From this procedure, it
further refers the bill to the report stages where again the decision is undertaken by both the
houses in respect of verifying the changes or also recommend for the changes to provide better
laws. It can also be said to be third reading of the bill.
After carrying the majority regarding the imposition of the bill in country, it refers to
undertaking the voting regarding carrying the bill for further proceeding (Lee and BAO, 2019).
After getting accurate results, it sent to monarch for consent regarding implementing such bill.
The law is established once the queen sign the bill and gives the liberty to impose in country.
Application of statutory and case laws in providing justice to parties:
Statutory laws: In these laws, the justice is provided to the people regarding the laws mentioned
in the constitution. Thus, it is the duty of the court to provide justice to the people through
recommending the laws which is mentioned in constitutions, though this manner it results in
undertaking fair decisions. It is explained with the case study relating to the Lee v Lee air
farming, 1960 which is important for UK company law as well as the case is relating to facing