Business Law: Legal System, Sources of Law, and Types of Business Organizations

BUSINESS LAW

Table of Contents
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
PART 1 ...........................................................................................................................................4
Explanation of the legal system, different sources of law,.........................................................4
Explain the role of government in law-making..........................................................................5
How statutory and common law is applied in the justice courts.................................................6
M1. Evaluate the effectiveness of the legal system in terms of recent reforms and
developments...............................................................................................................................6
Different types of laws like contract law, Law of torts, copyright law, employment law..........6
Differentiate between legislation, regulations and standards to analyse potential impact upon
business.......................................................................................................................................7
Provide a coherent and critical evaluation of the legal system and law.....................................8
Explain how different types of business organizations are legally formed................................8
Advantages and disadvantages of unincorporated and incorporated business with its difference
between in terms of starting process...........................................................................................9
PART 2..........................................................................................................................................11
Brief overview of Contract law, employment law, Company law, etc.....................................11
Salient legal points of each case................................................................................................11
Suggest an appropriate legal solution to each of the problems.................................................12
Provide justification for the advice and solution given;............................................................12
Compare & contrast the effectiveness of these recommendations given in your presentation.12
Critically and evaluate the use of the appropriate legal solutions suggested in comparison with
alternative legal advice..............................................................................................................12
CONCLUSION..............................................................................................................................13
REFRENCES ................................................................................................................................14
.........................................................................................................................................................1

INTRODUCTION
Business law are the laws which are required in order to set a business organizations
which helps in achieving of goals and objectives. Such laws are also required to provide a
concrete framework which posses various kinds of rules and regulation which provide protection
against legal issues to be occurred within such organization. Nature of these laws is dynamic
which is important for dealing with various aspects of business. Scope of these laws is also very
wider in nature because various elements of laws are covered under it. This file is based upon
business law. Things to be covered in this file are sources of law, role of government in law
making. Further various organizations there funding, managing with advantages and
disadvantages is covered. In the end of the file various scenarios is going to be covered and legal
solutions has to be provided for scenario presented.
MAIN BODY
PART 1
Explanation of the legal system, different sources of law,
As per the modern scenario every country should posses its own legal system that helps
in maintaining balance and discipline within society. This is one of the most important elements
that is required to control rate of crime. UK has its own legal system which has certain legal
rules to be followed by everyone living in society. This system consists of a well known
procedure which has certain stages in order to make a law as a permanent Act. Further there are
courts which have been given various jurisdictions that have been explained under her-achy of
court. In which Supreme court is the highest court of appeal, after this high court is there which
is divided in to three parts crown court dealing with criminal aspects, them comes court of appeal
that deals with civil cases and then comes family court dealing with family related issues.
Magistrate courts that deals with matter of both civil and criminal nature transferred from lower
courts. Certain sources are there which has played important part in making appropriate and
concrete law. Some sources are being explained as follows:
 Parliament: It is the highest authority that is that has been given power to form
laws through proper procedure. Such procedure comprises of House of Lords and
House of Commons and then has to gain signature of Queen to become permanent

law. Discussion has to take place over the bill that has been presented within the
parliament's houses top check over the legality of bill presented.
 Case law: These sources are one of the most important elements which helps in
making law to improve itself as per the situation occurred within a society or have
impacted society. In this source power to mould a laws lies within judges in order
improvise or covering of loopholes in a law. According to this amended law is
applicable to each person since the time of implementation (Deipenbrock, 2016)
 European Union Law: These are the laws that are being considered as one of the
most important source of law because it has helped in making various laws and
applicability over each person. Such laws have contributed 50% of total law
forming.
 Treaties: These are those agreements that have been signed in order to perform
trade and financial activities between two countries. Specific law that provides
guidelines of it is known as international law which provides concrete framework
under which working has to be done over it. These treaties are very important to
boost trading of in a country.
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, these laws are result oriented in nature.
Explain the role of government in law-making
Government is one of the highest laws making body which makes laws and plays major
role in formation of law. Laws are formed to maintain balance within society and are applicable
over every individual living in society. Also laws has played very crucial role in improving
various crime condition. Role of government has been explained as follows:
Executive role: They are responsible towards formation of policies that is applicable all
over UK. It focuses more on implication of laws that is required to establish to improve
condition of society and creating more discipline that is necessary.
Legislative role: Role of them in law formation in UK is that they are responsible over
passing a bill and making it law through proper process. It consists of two houses that are House
of Lords and House of Commons in this bill is presented and discussion is taken place over it.
Main focus of this authority is to enact a law that has to be made in order to make it applicable
upon society.