Business Law: Examining English Legal System, Legislation, and Impact on Business

Business Law

Table of Contents
INTRODUCTION...........................................................................................................................3
ACTIVITY ONE.............................................................................................................................3
Critically Examining English Legal System..........................................................................3
Making of Legislation............................................................................................................5
Impact of Business Legislations on Business.........................................................................6
ACTIVITY TWO.............................................................................................................................7
CONCLUSION................................................................................................................................7
REFERNCES...................................................................................................................................8

INTRODUCTION
The body of law that deals with business and commercial problems is known as business
law. The business law is bifurcated under two heads which are the company related laws and the
other is to regulate business operations. Furthermore, also known as corporate law or business
law. There are many distinct sorts of legal organizations, ranging from sole traders to corporation
and from profit making organizations to non- profit entities, all of which are regulated by the
legislation and must not act against it. As a result, the report goes into the fundamentals of the
UK legal system as well as pertinent business regulations (Elsayed, 2021).
ACTIVITY ONE
Critically Examining English Legal System
Nature and Structure of English Legal System
The UK has three distinct jurisdictions: one for England, Wales, Scotland and Northern
Ireland. The Constitution of the United Kingdom is derived from various sources of law, some
written texts which are known as statutory laws and others are not written as conventions. The
English legal system is set up in a manner that higher court decisions are binding on lower
courts. If it is in the public interest, as indicated by Lord Chancellor, the judgments can be
overturned. The most highest authority as per the English legal structure is the Supreme court
and the European Court of Justice's judgements have significant weight, as cause a binding
effects on the courts of UK. The Court of Appeal is a subordinate court in the legal system than
the Supreme Court and further the law are classified as civil law and criminal law (Smith, 2021).
Moreover, in Young v Bristol Aeroplane Co. Ltd [1944], the civil division is subject to
specified conditions and exclusions in relation with the binding impact rule. In the Criminal
Division, however, if the court concludes, as it did in R v Greater Manchester Cororner ex p tal
[1983], that the initial ruling was made due to lack of knowledge and ignorance of relevant laws,
the court is not bound to follow it. Furthermore, as appellate jurisdiction, the High Court is made
up of these divisions. The doctrine of stare decisis binds these legal entities to the decisions of
the Supreme Court and Courts of Appeal. The High Court, with the exclusions noted, is higher
than the divisional courts and binds their rulings. The Crown Courts, on the other hand, deal with
significant offences, such as those that are indictable, those that are transferred or appealed, and
those where sentencing decisions are moved from Magistrate Courts. The Crown Court's