Different Sources of Law and Their Impact on Business

BUSINESS LAW

Table of Contents
INTRODUCTION...........................................................................................................................1
LO1..................................................................................................................................................1
P1 Different sources of law..........................................................................................................1
P2 Role of government in Law making and how statutory and common law are applied in the
court.............................................................................................................................................2
LO2..................................................................................................................................................3
P3 How different types of government laws impact the business. .............................................3
LO3..................................................................................................................................................5
P4 Different types of business organization................................................................................5
P5 business organisations funded and managed..........................................................................7
LO4..................................................................................................................................................8
P6 Legal recommendation for solving disputes in an organization.............................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Business law of commercial laws which are commend under the branch of civil law. It
deals both with issues of private law and public law. Commercial laws regulates corporate
contract, hiring practices etc.
this study includes different sources of law which can be used in commercial as well as
civil purpose. Roles and responsibilities of government in law making and how laws are applied
in the courts. Impact of company employment law and contract law and the impact over the
business. Evaluation of types of business organization legally formed and ways in which
business organizations are managed and funded. Recommendation of legal rights and its
implementation in the organization which can used to resolve conflicts.
LO1
P1 Different sources of law
English leading system is working from since 12th century. System is required to develop laws
for the business so that they work smoothly by following all the legal rules.
Law is basically is set of rules and system that prevails in the country or the community
and are enforced on its citizens or members. Sources of law forms the origin of different laws
and binding rules which enables the state to govern their territory. Northern English legal system
of UK is categorized into three jurisdiction that are England and Wales, Ireland and Scotland
(Featured on the UK parliament website, 2019). There are generally different types ans sources
of laws prevails in every country
Constitutional laws
This is the first law source which is applicable within every state as well as country.
There are generally two constitutions that exists within this which are federal as well as US
constitution that is enforceable throughout US as well as the state's constitution. The US
constitution generally created the legal system. The main purpose of this constitutional law is to
regulate the different government actions. Under this, the private individuals are being protected
by constitution.
Statutory law
The second source of the law is statutory law. Unlike the constitutional law which
normally applies to the government action, statutory laws applies to the individual and thus
regulate individual as well as the private action. A statue is normally written and thus published

law which can be further enacted in two ways. Most of the statues are generally written as well
as voted within law by legislative branch of government. The statutory laws are developed by
federal, local as well as state legislatures that comprises of the elected official that possess power
for building laws.
Administrative laws
The third source of the law consists of administrative law as well as the ordinances. The
other written as well as published laws which apply ti different individuals are called as
administrative law. These are the law which does not supersede or clashes with statutory law.
These laws are generally enacted by the administrative agencies that are the governmental
agencies built for regulating the specific areas. These administrative agencies are usually federal
or the state and thus contain legislative branch and an executive branch along with judicial
branch. The administrative are basically charged with the administration of different government
actions. Thus the administrative laws are significant for the judicial system.
Effectiveness of legal system
The effectiveness of the legal system is basically the rules as well as the procedures in
order to make sure that various disputes and conflicts are treated in neutral way. A large system
is said to be effective when it makes the fair judgment and hence in the favor of the conditions
recent reforms in the legal system like protecting citizens against the crimes and offences have
stimulated the legal system to take strict actions against various aspects. Citizens generally
expects the courts to make fair decisions and thus in transparent manner (de Silva, 2017). The
effective legal system protects the rights of the citizens and thus series them form various
harmful acts. The fair judicial system ensures the well-functioning of different laws and well as
the constitution and thus respects the interest of different citizens. The independence of judicial
system creates a strong relation between the perception of people and the civil system and thus
results in the effective implementation of various laws. Besides this, the effective legal system
also provide the fair chance to every individual to be header and thus courts are advised to make
the rational decisions based on this.