Business Law and Ethics

Business Law and
Ethics

Contents
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
CONCLUSION...........................................................................................................................................7
REFERENCES............................................................................................................................................8

INTRODUCTION
Business ethics are considered as the relevant conduct which every business is expected
to carry. The ethics originates from the organizational statement, individuals and the legal
system. It consists of values, norms, ethical practices which guide the working of corporations.
Business law is the set of rules which every business is obliged to follow otherwise it may lead to
legal penalties and punishments. This law is a vast field which comprises of various legislation
such as contract, employment, company law, etc. which governs the operations of companies
(Clarkson and Miller, 2020). This essay shall cover the role of different organs of government,
remedy of specific performance of contract, distinction between general partnership and limited
liable and separate entity and lastly the dismissal of employee on ethical perspective in united
Kingdom.
MAIN BODY
The English legal system is built on the three foundations which are known as organs of
government. They have their own roles and powers under the doctrine of separation of power
and include the principle of checks and balances so that no one exercises power beyond their
limits (Bassey, 2020).
The first organ of government is legislature which mainly comprise of two houses which
are House of Lords and Commons. They have the most important role to play which is to make
laws as they have the supreme authority to enact laws which are called statutory legislations.
They have power to delegate their authority to others to make subordinate legislations.
Second organ is executive which consist of Crown of UK and the government which
comprises of Prime Minister and other cabinet minister. They have a role to ensure enforcement
of the laws in the country. They take care of the administration of country and is responsible for
the governance of state.
The third organ of government is judiciary who comprise o judges and other officers of
the court and tribunals. They have an important role to interpret the laws made by legislature and