Sources of UK Law, Role of Government, Law Making Process, and Statue and Common Law in UK

Business Law

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Sources of UK Law.....................................................................................................................1
Role of Government in Law........................................................................................................2
Law making process....................................................................................................................4
Statue and common law in UK...................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Law is a word which has a wide scope as there are legislations for every part of a
country. Similarly, business law is also a branch of a legal system which encompasses provisions
for running the business operations smoothly (Clarkson and Miller, 2020). These should be
known to businesspersons in order to carry activities in a proper manner so as to achieve goals
and objectives. This report is based on law for the business organisations by highlighting various
sources of UK law, role of government, law making process and application of statue and
common law in UK Justice courts.
MAIN BODY
Sources of UK Law
Case law- It is the collection of decisions and judgements made by courts and tribunals
in the past. In UK, doctrine of judicial precedent is followed which states that current cases with
similar situations are to be decided on the basis of judgements passed earlier. It is divided into
several categories which are as follows:
Common law- It is the unwritten laws enacted on the basis of legal precedents developed
by courts. It is important for making decisions in extra-ordinary cases where the statutory laws
have failed to provide any judgement (Schmidt, 2018). It is also called as case law established on
the basis of same situations. Furthermore, decisions passed by higher courts are binding on
inferior courts. It is the perception of judges which are reflected in the form of judgement passed
by the judges. Furthermore, this can be changed by incorporating the necessary modifications.
This helps it making even more effective.
Equity law- The law of equity is related to providing fair and just remedy for every
individual seeking justice in the courts. It is also based on the judicial precedents but the focus is
on equal treatment to every citizen living in the country. It is completely opposite to common
law which is based on rigid laws. The underlying aim is to bring fairness in the judicial
assessment. This is to make the activities right on every ground and provide equitable decrees in
each case.
Legislations- There are legislations in the country for governing the activities of
individuals. It is formulated by legislative bodies which are house of commons and house of
lords. These are the foundation for any other structure in legal system. Also, it provides
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