Business Law: Sources, Role of Government, and Impact on Business Organizations

BUSINESS LAW

INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
PART 1............................................................................................................................................3
Explanation of the legal system, different sources of law,..........................................................3
Explain the role of government in law-making and how statutory and common law is applied
in the justice courts......................................................................................................................4
Court system of UK.....................................................................................................................5
Difference between criminal and civil law..................................................................................5
M1. Evaluate the effectiveness of the legal system in terms of recent reforms and
developments...............................................................................................................................5
Using specific examples illustrate how company, employment and contract law has a potential
impact upon business...................................................................................................................5
Differentiate between legislation, regulations and standards to analyse potential impact upon
business........................................................................................................................................6
Provide a coherent and critical evaluation of the legal system and law......................................6
Explain how different types of business organizations are legally formed.................................6
Advantages and disadvantages of unincorporated and incorporated business with its difference
between in terms of starting process............................................................................................7
PART 2............................................................................................................................................9
Recommend legal solutions for resolving a range of disputes using examples to demonstrate
how a party might obtain legal advice and support.....................................................................9
CONCLUSION..............................................................................................................................10
REFRENCES.................................................................................................................................11

INTRODUCTION
Business law are that rules an regulations which is important for an business organization
in its establishment. These laws also help in making an organization dealing with its activities in
legal manner. These laws are having very broad scope that is helpful in covering of rules and
standards which forms major part of it. Such laws are also helpful in managing of various
business related activities and helps in channelizing of product and services. This file is going to
cover various sources of law, role of government in law making, different type of business
organization. Management and funding of this organization is also going to be explained. In the
end legal solutions is going to be explained
MAIN BODY
PART 1
Explanation of the legal system, different sources of law,
In current scenario, each and every nation perform its activity on the basis of decision taken by
legal system. It is essential that every sort of decision must be taken only after considering the
rules of legal system. In context of United Kingdom, they have set standard for the world in
terms of legal system because of the way they use for making any of the decision. It is among
well-established legal system where any of the bill has to pass several stages and then only it can
be finalised for any of the new law or Act. In addition, any of the law or regulation which is
being passed by parliament body should be followed and if any of the person or entity fails to
work as per guidelines then different sort of penalty can be imposed. The legal system has given
their supreme power to Queens under Royal Assent Act, 1961 (Greenleaf, 2018).
UK is one of the nation where different authorities have the power to commence law but
they are needed to ensure that their process of forming law and level of law should be specific
which must be helpful for general public. Some of the popular sources of law in UK are listed
below:
 Parliament: This relates to that particular law where member of parliament has to work
for the commencement of law but still they need to obtain final approval from Queen
who holds highest level of power in UK. Secondly, while commencing law under act of
parliament, it is needed to make clear that contribution from the side of House of Lords
and House of Commons is equally important.
 Common law: There are some of the conditions which is unexpected for law making
bodies due to which parliament have distributed its power to judges where they can
commence law and declare their decision. This particular strategy is of commencing law
is effective because of the time period it consumes to declare any of the result. But, the

thing which is to be considered is that law is applicable to each person with immediate
effect (Bird, 2016)
 European Union Law: It was also among important source which has commenced
number of laws and regulation within the premises of UK and all of those laws are
applicable to each of the person and they are needed to follow. The contribution of EU
Law in law forming is around 50% of the total number of law which shows how
important role has been played by European Union Law for UK.
These are some of the main bodies of UK which has been commencing laws and regulation
within the premises of UK since long time period. Also, this laws are result oriented in nature.
Explain the role of government in law-making and how statutory and common law is applied in
the justice courts
Government is the supreme authority which plays most crucial role in law formation and
policies that are related to it. They are formed for the betterment of people living in society. Also
these laws has become imperative to an efficient implementation such order is to be governed by
the individuals living in a country. Role of government has been explained as follows:
Executive role: Such role is related towards forming of policies that has to be applied
through UK. For enforcing of legal provisions that is required to be under this role because it is
necessary to maintain both law and order( Bird and Park, 2016).
Legislative role: These are the role in which various laws have to be enacted in which
presenting of a bill is done in the parliament. Then two houses House of Lords and House of
Commons have to discuss the bill which is required to make a permanent law.
Judiciary role: In this an government has an role of assessing the courts under various
jurisdiction and also effectiveness has to be there in passing of judgement. Such result has to be
obtained through building of required number of courts over all the delays upon different cases
which can be avoided. Members come under the panel of government that have been mentioned
above.
Various types of laws
Laws is that kind of rules and regulation which are being formed in order to mainly
maintain balanced and order in society these laws are related to various aspects of society.
Theres various types of laws like property, family, common law, statutory laws, competition law
and tort of negligence. Further there are two types of laws that has to be mentioned and are used
in courts that had been separated jurisdiction has to enter into cases and work on individual
pattern. Also detail explanation is as follows:
Common law: Under this an judgment has been made upon the basis of judicial
precedents this means that and case of law has to be issued with facts can be used in future
regarding same case. This is going to make passing of judgement easy under similar situation.
Formation of new law is not required under similar situation. This is known as common law.