Business Law: Legal System, Sources of Law, and Role of Government

Business Law

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Explanation of the legal system, different sources of law, the role of government in law-
making and how statutory and common law is applied to businesses.........................................3
A critical reflection of the legal system using examples to demonstrate strengths and
weaknesses...................................................................................................................................4
Differentiate legislation, regulations and standards for new business entity...............................5
Potential impact of different types of law....................................................................................5
Legal formation of different organisations..................................................................................6
Advantages and disadvantages of several organisations.............................................................7
Explain managing and funding of different organisations..........................................................7
TASK 2............................................................................................................................................8
Brief overview of Contract law, employment law, Company law, etc........................................8
Salient legal points of each case;.................................................................................................8
Suggest an appropriate legal solution to each of the problems...................................................9
Provide justification for the advice and solution given...............................................................9
Compare & contrast the effectiveness of these recommendations given in your presentation...9
Critically and evaluate the use of the appropriate legal solutions suggested in comparison with
alternative legal advice................................................................................................................9
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
United Kingdom is a dual-division state in which its law gives people many freedoms,
laws and alternatives. Even it becomes important to business organisation to take their decisions
as per the guidelines set by legislative body. In simple words, Business law is the range of
regulatory requirements to create, function, dissolve, and interact with other corporations. The
file is explained into two parts where first section will have the information about legal law, law
forming process and detail structure to commence any of the business organisation. In part two,
topic will relate about cases which is needed to be sorted out in best possible manner.
TASK 1
Explanation of the legal system, different sources of law, the role of government in law-making
and how statutory and common law is applied to businesses.
The legal system of UK has fix pattern to commence any of the law for the purpose of
maintaining peace and silence within the country (Cowan, 2018). In legal system, the power of
taking final decision is in the hand of Queen where her approval is must. If in any of the
situation, approval is not being taken then bill cannot be passed as law or act.
There are number of Act which are being passed on daily basis and there is the requirement
of legal bodies to power is allocated by the central body of law making body. Some of the
sources of UK which has been given the power to commence act are:
Legislation: The most important body within the UK is legislation where they commence
the number of law as per the situation. It is necessary that bill is needed to be passed by different
stages to commence any of the law through the process of legislation.
Directives: It is the sources for commencing law in UK where decisions are being taken
by European Union which commences the law in UK since the end of world war and this source
is very effective. Although this is also the body which commences the law for UK but it is
important that approval must be taken by the process of Royal Assent Act, 1961 (Epstein, 2018).
Case law and treaties: It is also one of the important means in UK through which laws
are commence. Here, whenever any of the new sort of case arises in the court where they are
unable to take any of the decision of own then in that situation judges of court gets the special
power to enforce the new law and then declare their decision.

Government have been given the power to enforce any of the law but before that they must
obtain number of approval from different stage and if they are unable to do then it doesn’t allow
to commence the new law within the premises of UK. In primary phase bill is to presented where
member of first reading gives the title followed by second reading do general discussion that
whether approval is to be given or not to bill for sending it to committee stage. When bill is
presented in committee stage, they have to take the forward stage and decide that what are the
changes which is needed to be done and gives the opportunity to report stage to amend it in best
possible manner (Allen, 2017). After that voting is to be done in third reading to decide that
whether bill should be passed for commencing law or not. All of this steps are to be conducted
by the peer member of House of Lords where they also have the equal responsibility. In the final
stage, the approval is needed to be acquired from Queen under the terms and condition of Royal
Assent Act, 1961.
Statutory law is the set of regulation where pattern is fix and that is needed to be
considered at the time of taking any of the business decision. For example: Business law has
been formed by the statutory body which gives the idea that what types of actions can be taken
within the business and what can make liable to pay for default. This is how statutory law is
implied upon business organization.
Common law plays the crucial role for the business organization because whenever any
of those decisions are being taken by the organization lots of question are being asked. In this
situation power is given to common law to interfere and decide that whether decision which has
been taken is right or wrong and if it is not right then legal actions are also taken upon those
business organization (Cameron, 2017).
A critical reflection of the legal system using examples to demonstrate strengths and weaknesses.
The legal system of UK has been developed in the systematic where business
organization can depend on law for taking the decision for longer period of time. Proper
guidelines are explained by law due to which it becomes easy for business entity select that what
can help the to accomplish the target and what can create problem. Although, it is helping in the
positive manner but still it is necessary that amendments should be done which is rarely found
within UK and it has been one of the biggest weakness of UK legal system.