Business Law Presentation - Business Law Unit 7, UK Law System

This presentation provides a comprehensive overview of UK business law, covering fundamental aspects such as the origin of law, the role of government in legislation, and the application of statutory and customary law within the judicial system. It explores the development of different types of business organizations, including how they are legally formed, managed, and financed. The presentation further examines the inherent effects of law on business, using examples to illustrate how organizational, utilization, and treaty laws impact businesses. Finally, it addresses suitable legal responses for resolving various disputes, offering examples of how businesses can seek legal assistance. The presentation emphasizes the importance of adhering to UK law and regulations, and how amendments are made to ensure the smooth operation of the business environment. The document also touches upon subsidies provided by the UK government to support the business culture within the country.

Business Law

Business Law
Unit 7
Shabnam Naz Ahmad Mukhtar
Instructor: Santha Narayanasamy
Registration # Ecleu8136

Index
Presentation -----------------------------------------------------------------------------------------------
4
LO1: Fundamental Essence of Lawful Structure-------------------------------------------------
4  P1 Elucidate discrete origin of law: P2 Elucidate the character of government in legislature and how statutory
and customary law is pertain in the judicial system:
LO2: Development of Discrete kinds of Business Organization ---------------------------- 7 P3 Explore how discrete kind of business associations are legitimately framed: P4 Elucidate how business associations are overseen and subsidized:
LO3: Inherent Effect of the law on business ------------------------------------------------------ 9 P5 Make use of certain specimen display how the organization, utilization,
and treaty law has a inherent effect upon a business:
LO4: Suitable Lawful responses for settle parts of Argument's -------------------------------13 P6 Endorse lawful solutions for settling a variety of arguments make use
of specimen to illustrate how a group might obtain lawful help and
assistance:
End----------------------------------------------------------------------------------------------------------- 15
Bibliography------------------------------------------------------------------------------------------------16

Business Law
Presentation
In the UK, No one is superior to the law. Everyone needs to follow the law. Law is followed by
every single inhabitant of country, firms that are working with in the country and also by the
govt. of the country. We have studied all the law’s structure related to business environment
that are make under the UK law system. Time to time necessary amendments is done in the
business law for the smooth running of system. The effects are measured periodically. Business
in UK gets some subsidies as well for the nourishment of business culture within the country.
LO1: Fundamental Essence of Lawful Structure
P1 Elucidate discrete origin of law:
There are very capable bodies that makes the English laws that make them quite adaptable in
todays world that is evolving day by day. UK constitution can make amendments if required
according to scenarios. They basically run for the wellness of the business culture in the country.
Constitution: Constitution are the legislations that are make by the UK parliament in order to
flourish the business in the country that raises the standards of living of inhabitants of United
Kingdom. Parliament is the body that make the laws in the country.
Regular Legislation: Courts in the United Kingdom make necessary judgements and has the
right to make some crucial laws that are followed by the same court or subsequent courts
during their case proceedings. These laws are generated by some practical cases.
Customs Legislation: Some laws are made up by the customs prevails in the society these are
called customs laws. The person who try to break any of them will be answerable to court.

European Union Legislation: Some laws are also make by the EU which are required to be
followed by the nations that came up in the domain of EU.
Worldwide Legislation: Some laws are also followed by the UK which ae made up by the World
Bank, WHO, United Nation and some more associations which park is UK. So that UK is
following the instructions for the welfare of Business ethics that are made up for the whole
world.
P2 Elucidate the character of government in legislature and how
lawful and customary law is pertain in the judicial system:
As it is referenced in the past part the constitution fo the UK is unwritten and part of the way
treated the soil. Because of this, the public authority appreciates the freedom for making the
laws and enactment according to its accommodation and to keep up the rule of peace and law
around there. Hence, the part of the public authority is very huge in making laws and represents
the country. Parliament make the fundamental laws of the country which are made up by the
members of the parliaments. Any member can make a spot bill and file a petition all other
members analyse this bill and if it suits viable then it is adopted as a law. Two type of bills can
be discussed in the parliament. One is the general bill which is related to the public that has
impact on the whole society and the other is individual which has effect on certain corporate or
individual entity. Bills are made through the proper strategic moves.
1st assessment : At this stage the bill is introduced and distributed in the parliament.
2nd assessment: At this level all the members analyse the bill and have a deep scrutinize
conversation that leads them to some good argument for the making of law.

Stage of assembly and disclosure: It is that stage where the analysis leads us to skip the
unnecessary clauses or to alter those clauses according to the suitable law. At this stage the
speaker can pin point any of the clause for further discussion.
3rd assessment: After having done all the essential requirement its time for the balloting for the
approval of the bill.
Procedures in the House of Lords: In this stage, the last casted a ballot bill is shipped off the
House of Lords which is the Supreme Court of the UK. On the off chance that the masters
discover any inconsistencies in the bill, they feature it and send it back to the House of
Customarys for changes.
Regal Assent: It is significant in the UK to have the assent of the Queen before conclusive
authorization of the bill. When the Queen gives her endorsement, the Act is framed and the
enactment and rules are shaped under it.
Applying Customary and LawfulLaws in the Court of Justice
There are two sorts of laws in the UK, to be certain Customary and Statutory. These have been
clarified underneath with regards to their materialness:-
Normal Law: These laws are typically planned by the legitimate assemblages of the UK,
particularly the Supreme Court. Courts can likewise frame them and utilize them in the instances
of comparable kind. The jury settles on a choice in the previous case and in later years, it is
make use of as a law for another situation as law. The lawmaking must be finished by the peak
courts and the lower courts need to follow them. English culture give the normal laws that give
a comprehensive set of laws as they provide as solution of a lot of problems.

Lawful Legislation Lawful legislation base is provided by the general set of laws. These are
made up by the parliament after a healthy argument. For the smooth working of English society
laws are essential element.
UK need to make some of the new laws in order to have some unique business culture after the
BREXIT.
LO2: Development of Discrete kinds of Business Organization
P3 Explore how discrete kind of business associations are
legitimately framed:
Business organization in the UK need to follow the following basic laws which are framed by the
public authority .
Organization Act: The law applies to relationship in numerous spots, like laborers, financial
backers, loan bosses, advantages and obligations of the pioneer. It decides the obligations of
the heads of the association and their business. Moreover, organization accounts are examined,
just as the security of delegates from abuse by affiliations and different substances around
them. Those in charge of the organization can protect the interests of the partners. The purpose
of this demonstration is to reduce the burden on the rulers. The demonstration made it easier
for businessman to create an organization. An organization can be formed with one individual
and only one case protected from isolation. This arrangement ruled out the possibility of
forming an organization. The leader can maintain the confidentiality of the data and may have
the power to secure the data at the home of the organization.
Wellbeing and Safety at the Workplace: UK Govt has passed the SHE (Safety and Health
Environment) in-order to provide safe working space to the employee so that they remain fit
and healthy. Business firms make sure to have a security check within the premises of working
area of firm so that the essential safe environment will be provided to the workforce. It can
raise some of expenses for the firm like the training of staff for the critical situation & also for
the asserting of safety gears at the firm.

Work Law: Work law defines the significant relationship among the staff and chiefs of business
organization. In this law the minimum wage rate, maximum working hours, leaves policies and
some core work issues are determined so that they are favourable for both the firm and
employee in a handsome way. It gives the workforce safety or basic rights so that they cannot
be misused by any firm in the society.
Equity Law: The UK has enacted equivalent freedoms within the association. This prevents the
company from benefiting from any form of segregation based on sex, religion, nationality,
pregnancy, disability, race, sexual orientation, etc. In fact, the protest has a unique warning for
the weakened that allows them to compete with typical representatives, committing the
agreement to take exceptional measures in the workplace. In the event of abandonment of any
type, the claim may seek commercial compensation. In all cases, it is important that the victim
lodges a complaint within six years of the event. He undertakes to sign an employment contract
with the organization which maintains the commercial relationship. Managers are expected to
provide contract terms, such as long working hours, lowest legal pay, low pay, annual fees,
notice period, etc. This objective was achieved through directives and parliamentary measures
which could affect the relations of the principal representative. Help develop adaptive work play
plans that treat each worker politely.
Information Protection Law: This law is according to the latest innovative trends in the business
environment. It gives the safety not only to the company information but also to the clients and
employees information as well.
Ethics, culture and norms make the foundation of any business culture in any country of the
world. People follow some of legal traditional practices in the business law as well. Rules give
the direction to bring efficiency in the functions of business activities. Administration follows all
the guidelines given in the law for the procurement of business. It will result inn bringing
effectiveness and efficiency in the business environment.

P4 Elucidate how merchandize associations can be overseen and
subsidized:
UK business culture is consist on the following setups:
Sole ownership It is that type of business which is own and run by the single owner. He invests
capital and he enjoys all the benefits from this business. Entrepreneur is responsible for the
accountability of the venture. It has all the authority on the whole venture.
Organization Partnership It is that type of business where at least two persons agree to be a
partner and share the profits and losses of the business. All the business is manged according to
the decided business deed. Risk of liability is limitless in this sort of venture.
Restricted association Operation activities of the business are decided and have been limited.
By this the firm knows that who is liable for the dealing of business activated while the risk is
still unlimited in the business.
Restricted Liability Organization-Limited In this sort of business a person is liable to only the
sum of money that they invest in the business venture.
LO3: Inherent Effect of the law on business
P5 Make use of certain specimen display how the organization,
utilization and treaty law has inherent effect upon a business:
The board of business associations
All the members of a business entity are required to work for the betterment of business. Firm
should work according to the laws prevails with in the country.Both the directors and the
delegates work with endurance while accomplishing the business task.

Sponsoring for business affiliations
To keep up the business successfully, the resources are essential for financing business errands.
There are discrete wellsprings of resources are referred to underneath:
Self-sponsoring
Self-financing is the strategy for financing which helps the show affiliation errands. These
resources are gathering through family or relatives.
Long, medium and transitory resources
In such an affiliations, it recollects a couple of wellsprings of resources for which the drawn out
source satisfy the essential of the capital in the affiliations and taken for more than five years
(Lopes and Costa, 2017). Of course, the medium term source are overall for three to five years
that satisfy the utilizations of pay quintessence. In the end, the flitting resources are the
resources that satisfy the transient need of the business which joins costs for managing the
regular exercises.
Worth or tendency offers
Sometime the cash as a well spring help the business to acquire new unique assets that are
helpful for the venture by the internal or external investors of the firm. It can be the investment
that is raised within the firm and also by the outside of the firm as well.
Borrow or advance acquired loans and assets is a sort of credit investment earn or raise by the
firms and give a particular amount of interest on it. In some cases, the business raised the
investment by taking advance from the bank or some monetary association with some amount
of premium charge on it.

Benefits and disadvantages of different sort of businesses are as follows:
Kind of business
organisations Advantages Disadvantages
Limited
partnership
Every partner has limited
liability to the amount they
have invested in the venture.
Partners are limited in this sort of
business that makes that amount
of investment limited.
All the concern risk is associated
with these partners investment.
Sole
proprietorship
It is easy to set up the
business under this sort of
venture. All the profit
benefits are of the sole
proprietors.
All the business commitments are
basically linked with the sole
person who is the owner. This
business has limited scope of
return.
Partnership
Tax is paid by the partners
individually according to
their income not by the
business
The duty of assistants is to
boundless and accessories are
commonly or severally committed
for the commitments of the
business
Organization The organization business
need not need to make good
The legitimate customs are more
when contrasted with discrete

on the personal assessment
In this the business not
burdened independently associations
Limited Liability
Organization
In this the liability of the
members is limited
There are less available
advantages
To assess and fundamentally dissect the sorts of business associations are referenced under:
Sole ownership This is the business which is overseen and constrained by the single proprietor.
In this, the entire business obligations are borne by one single individual.
Association Partnership business is the business which is framed for sharing benefits and
misfortunes by at least two accomplices. In this the obligation of the accomplices is limitless
(Johnstone, 2016).
Limited relationship In this kind of business, the confined gather as one with limited
commitment isn't in danger for the responsibility in the business the board.
Association It is that type of business which is formed under the companies act which says that
the person who initiates the business and invest the capital are the owner of the business and
the business is run by the managers.
Limited Liability Organization around here, In this type of business the persons are liable only
to the limited sum of money that they invest in the business.