Law and the Legal System: Sources, Government Role, Impact on Business, Types of Organizations, and Dispute Resolution

LAW AND THE LEGAL
SYSTEM
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TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
LO 1.................................................................................................................................................3
P 1 Different sources of law........................................................................................................3
P 2 Government role in law making and ways in which statutory and common law is applied
in justice court..............................................................................................................................4
LO 2.................................................................................................................................................5
P 3 Ways in which employment, company and contract law has a potential impact upon
business........................................................................................................................................5
LO 3.................................................................................................................................................6
P4 Different types of business organisation legally formed........................................................6
P 5 Ways in which business organisations are managed and funded..........................................7
LO 4.................................................................................................................................................8
P6 Recommend legal solution for resolving the disputes by using example to demonstrate how
part might obtain legal support or advice....................................................................................8
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10
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INTRODUCTION
In legal system there are various types of laws and regulations which is to be followed. The
law direct and guide people and business to act in specific way. Basically, laws are formed by
government and is implied to entire nation. Legislation consists of a structure and procedure in
which all things rules and regulations are mentioned. A law is system of rules which regulate
actions of people and business within a nation. Generally, in most countries legal structure is
divided into 3 that is federal, state and local but is regulated by federal (Iqbal. and Yadav, 2020).
this report will lay emphasis on various sources of law and how UK government plays
significant role in law making. Moreover, report will describe about how different law impact on
business. besides that, it will be discussed on different business that are legally formed. also,
report will explain on how organisations are managed and funded. at last recommendation is
given on solving legal cases.
LO 1
P 1 Different sources of law
Sources of law can be defined as original laws that binds rules helps in enabling any
government so that they can govern their territory. There are many kinds of sources of law in
UK. Some of them are: common law or case law, international treaties, EU law, legislative law
and many more.
Common law: In law making it plays a vital role. It is majorly known as case law. When a judge
rules fact of a particular case, then case law or common law is created (Thirlway, 2019).
EU law: As UK is a part of European Union so sone of the main laws of EU are applicable to
UK. Whenever law of EU and UK comes into picture, EU laws take precedence. In fa t some of
the laws of EU have become a part of UK laws.
Legislative law: Another source of law is legislative law which is created by legislature of act of
parliament whenever new is created. Parliament of UK is one of those bodies that has complete
power of passing any kind of law that can be applied in England, wales, Scotland and Northern
Ireland.
International treaties: International treaties are also a source of law for UK as it helps in
maintaining relationship of UK with other countries. These treaties are a source of international
law which is sometimes applicable to law of UK which further helps in maintaining arrangement
between sovereign regions.
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