Business Law: Sources, Role of Government, Types of Organizations, Dispute Resolution

Business Law
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INTRODUCTION
Legal system is referred to a procedure r process for interpreting and enforcing the law.
Each country is required to have various laws that will help in smooth functioning of its
operations. In the fast changing environment complexities are increasing for every individual. To
conduct business in efficient manner there is need for law which regulates all the businesses to
avoid any legal compliance (Esposito, 2012). Business law is introduced to provide guidance to
businesses in UK. In this project report consist nature of legal system in UK and potential impact
of law on businesses. Together with this different type of business organization’s and appropriate
legal solutions to business is described.
TASK 1
P1 Sources of Law
Legal system of a country like UK has evolved over several years. Any legal system
cannot be incorporated in one day there is requirement of evolution and formulation of laws kept
on taking place. The legal system of UK is developed by various sources that are as follows-
Legislation: Law created by the parliament is termed as legislation. Legislations are the
most important piece of legal system in UK. Parliament is the highest authority to pass law in
UK that approves any law with the consideration of both the houses of parliament. With the
approval of House of Lords and House of Commons royal consent is also required.
Case Laws: Case laws are reported in numerous series of law reports. This become
import source of law as many cases become benchmark for future disputes and termed as law in
UK (Orts, 2013).
Common Law: The legal system of two countries in UK (England and Wales) is based
on common law one and decisions of the senior appellate court becomes part of the law.
European legal system will be considered effective as it provides universal access and
range of processes and procedures to settle different disputes. Judicial system that heard various
disputes is effectively established and these all are based on disputes arises in different sectors to
resolve them frequently.
To bring legislation into being in UK there is requirement of approval of both the houses
of parliament. These houses are House of Lords consist of 800 peers, of whom 600 are appointed
by queen on the recommendation of Prime Minister. Together with this House of Common I
present with 650 members of parliament. Laws that are passed in parliament of a country will be
applicable on the country and becomes part of it legal system.
As businesses like K is providing delivery services by receiving orders online. The whole
business is based on how efficiently a business delivers food to its consumers. When any
legislation for employment of employees or conducting business online is proposed in parliament
then this may affect business of K (KANGO).
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