Exploring Business Law: Sources, Government Roles, and Impact on Organizations

Business law

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
P1: Explain different sources of law...........................................................................................3
P2: Roles of government in making law along with its application in the justice court.............4
M1 The effectiveness of the legal system in terms of recent reforms and developments...........5
P3 The impact of the employment, company and contract law on the businesses......................5
M2 Difference between legislation, standards and regulations...................................................6
P4: Explore how different types of business organisations are legally formed..........................6
P5 Explain how business organisations are managed and funded...............................................8
M3 Assess the advantages and disadvantages of different type of business...............................8
P6 Recommendation Over Cases.................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................10

INTRODUCTION
Business law have been referred as the important aspect which is important to have the running
of the business in effective manners, this is helpful in keeping their business activity in the safe
manner and secure manners in order to have the proper accomplishments of the goals and
objective of business. In this study there will be the clear representation regarding the level of
sources which is helpful in providing the fair judgement to make people protect against any level
of illegal activities (Curto, 2018). In addition, this study have major level of importance over
making the significant laws with aims to decrease the illegals activities such as frauds, crimes
and making a safe country. There will be the discussion of the different role of the government is
making difference between the legislations, standard a regulation in perfect manner. Lastly there
discussion of the formation methods of the different types of the organization will be like
partnership and company.
MAIN BODY
P1: Explain different sources of law
In the context of law, it have been stated as the various sources of law as the law is helpful in
protecting the individual business against the type of lawsuit and illegals activities. There is are
the mainly the major sources of law which will have the discussion as follows as per detail
manner.
Human right law: this have been there important law which is the been developed to have the
imposition in order to provide the protection to individuals of country. All their people who are
loving in the country have the legal way of rights in order to provide them protection against
their illegal’s activities done to them by other. This have been stated as the people tends to make
the protection of themselves against the fraud, crime or any other level of illegal activities. This
is all about the discussed feature which have been developed for providing security to individuals
and masking the country safe.
Legislation: This is law which is created by the legislature as referring to be the body which
have the be clear rights to make the laws. In the legal system of the UK, House of Lord and
House of common are known as important 2 parties. This can be clearly stated as there
legislation have the clear right to have the passing of laws which tends to be applied to the 4
countries of the UK (Hasanov, 2018). There is the approximates more than 8000 members id the
former prays which have been stated as the House of Lords. This have the major level of
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reasonability to give votes during the making laws . On the other hand, 650 members have the
House of Commons have the right to takes participation in developing the laws for giving votes
for the same.
European Union law:
In this context, it has the said UK is the important parts of the European union. As this acts as all
the law tends to be more level of appealability on he the European Union can be automatically
being applicable on the UK. But the situation of Brexits, UK doesn’t have the foundations for the
EU to follow any regulation made by the EU.
Case law: this is the law which is being followed by the by England and Wales as the mains
countries in the UK along with helping to develop the common law.
Equity- this is the main and effective sources tasking the major level of responsibility for
proving the justices in order to take fair decision. This make the judges easier for tasking there
decision regarding the help of equity and satisfy the aggrieved party in perfect manner.
P2: Roles of government in making law along with its application in the justice court
Government is the main body as the major responsibility to have the protecting the people of
country. This is the context have the importance of government as without whom it is not
possible to have the development of the country, business activities and the function safe
(Cornforth, 2020). This have the step in the developing the law which sows the effective roles
and responsibilities of the government is such as:
Bill: This have the propose legislation or the draft for the new law which is been prepared by
being the passes as the part of legal systems in which is the part of Lord of house Common. This
is the times is in term of making the bills and further processes as provide the impotence
complete stage.
First reading: The proposed legislations have been passed out to be chambers in he the Lord of
House of Common for first reading. This have the main aims for passing the bills as the first
reading to sure all elements as being drafted in the right manners along chamber members with
being agreed on the terms and rules.
Second reading: This have the major critic stags as after passing the bills as the members have
stage to be discuss all mains areas. This have the proper evaluations in the team to be part of
detailed manner as by making the proper level of discussion per there areas tasking to in term
finding the requirements for the changes in order to make it effective.
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