Impact of Law on UK Businesses

Business Law

Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Nature of legal system.................................................................................................................3
Application of Statutory and Common Law in Law of Courts...................................................3
Role of Government....................................................................................................................5
Effectiveness of UK Legal System in Reformation....................................................................5
Evaluation of Legal System of UK..............................................................................................6
TASK 2............................................................................................................................................6
Impact of Law on UK Businesses...............................................................................................6
Employment and Contract Law effect on Business.....................................................................7
Different Legislation and Regulations Impacting business.........................................................7
Critical Evaluation of Legal System............................................................................................8
TASK 3............................................................................................................................................9
Types Of Business That Can Be Legally Formed.......................................................................9
Task 4.............................................................................................................................................11
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................14

INTRODUCTION
Business Law Business the entirety of the laws that direct how to shape and maintain a business.
This incorporates the entirety of the laws that administer how to begin, purchase, oversee and
close or sell any kind of business. Business laws set up the principles that all organizations ought
to follow. This report consists of legal system and its impact on business by giving illustration of
various common and employment laws. Along with this, it also includes the formation of
businesses along with their advantages and disadvantages and also the reforms and legislative
solutions for settling up any disputes arose if any in the organization.
TASK 1
Nature of legal system
Legal system generally includes the rules, regulations, procedures through which various private
and public ventures can be undertaken by various legitimate means. This system also helps in
finding out various means to interpret and enforce the law time being in force by mentioning the
responsibilities along with the rights to the people. The main purpose behind the setting up of
this system is to provide a mechanism which is proper, systematic and orderly in manner so that
it can help the general public in resolving their issues coming out from the disagreements in their
day to day business activity. And for this the system needs three important elements which
includes adjudication, execution and legislation.
Sources of English Law
The most important source of English law can be formed by four ways which are as follows:
 Legislation
 Common Law
 EU Law
 Custom (Generally it is not discussed since the common law and legislation has mainly
incorporated the traditions and custom.
Application of Statutory and Common Law in Law of Courts
It is found that Parliament is the only supreme law-making authorities and all the laws created by
Parliament starts as a Public Bill or Private Bills. These Bills (public) are generally brought
forward by the government Member of Parliaments and affects the general public. On the other
hand, Private Bills which affects the general public or any area or a locality are brought forward
by non-governmental MPs. The Bill only becomes law or legislation after receiving the Royal
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Assent for which it has to go through several stages which includes; Readings at various stages,
Committee stage, Report stages, and the final stage of Reading so that any amendments required
can be made before representing it to the House of Lords.
Statutory Law mainly comes from authorities and body of persons authorized by Parliament for
enacting laws. The delegated law must come from a stable and should be consistent with a ‘par-
ent’ act from which it is coming. And also the Legislation has right to change, consolidate,
amend or codify the enforcing law.
For law making Common Law also plays an important role. Through thorough interpretation of
the statutes, the courts can also create new laws, which must cover all the aspects of various cir-
cumstances that might occur.
Court has to interpret the statute through the precedents and the judgments being stated by the
courts of law in the earlier cases. And the rules and Principles in the already decided cases are
being used in the upcoming future cases so that the decisions can be accurate and consistent with
the cases facts and laws time being in force. As per the case of Carlill v. Carbolic Smoke Balls
Company Could offers be available to people in general when all is said in done? Can a general
offer lead to an agreement? For this situation, an organization completed commercials about their
item, carbolic smoke balls, that guaranteed that any individual who took the smoke balls in the
endorsed way (i.e., multiple times day by day for about fourteen days) won't get flu. In the event
that somebody does, the organization vowed to pay 100£ to them right away. To show their
earnestness with respect to this offer, the organization stored a whole of 1000£ in an open bank.
Presently, the offended party, Carlill purchased the smoke balls and utilized them as endorsed in
the commercial, yet at the same time wound up getting seasonal influenza. She documented a
suit for the recuperation of 100£ as guaranteed in the commercial.
The organization denied the installment saying there existed no agreement among them and the
offended party. It was held that an agreement appeared between the offended party and the orga-
nization when the offended party purchased the smoke balls and utilized them as endorsed. Law
is also being created from the human rights law. The European Communities Act 1972 was being
enforced and passed to make the EU law as a basic part of various British laws.
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