Business Law

Role of government in
law making
(P2)

Content
 Introduction
 Role of government in law making
 Application of statutory and common law
 Conclusion
 References

Law refers to the rules and regulations
for a particular country or subject
matter which regulate the actions of
members and impose a penalty in
case of violation. Business law
includes all those laws that governs
the incorporation and running of a
business.
Introduction

Role of government in law making
The Parliament is the official body which enact and enforce the laws in UK. It consists
of two Houses, House of Commons and House of Lords. The government proposes
bill in either house to make it a law. A bill is a draft of new law or changes in the
existing law. The stages for enacting law from a bill are-
 first reading
 Second reading
 Committee stage
 Report stage
 Third reading
 Consideration of amendments
 Royal assent

Role of government in law making
Monarch: They are being given power to deal with
process of law formation and is required to give
Royal Assent as per the authority given under
constitution of UK. The monarch is considered
to be like president.
Executive: These are those kind of person that has
been given authority to make execution of law
in proper manner to be done. Also it has been
given authority to sign the bill after which it
becomes final law. Executives is the head of the
government in case of UK its Monarch.

Application of statutory and common
law
 The common law refers to laws made
by the court of justice while
interpreting any existing law or case.
Statutory law refers to the laws made
by the Parliament. These are applied
by the courts in UK whose hierarchy
is divided into 2 parts, subordinate
and senior courts.

Conclusion
 From the above PPT, it is concluded that business law is essential
and plays a vital role in managing and running the business.
 The Parliament has supreme authority to enact a law in UK.
 The contract, employment and company law impacts the running of
the business because it regulates the working of it.
 Further it is concluded that there are many business organisations
which are managed and controlled according to their form.

References
 Centel, T., 2019. Concept of Labour Dispute and Alternative Dispute
Resolution. In Labour Dispute Resolution in Turkey (pp. 23-40).
Springer, Cham.
 Tagarev, T. and Yanakiev, Y., 2020, May. Business Models of
Collaborative Networked Organisations: Implications for Cybersecurity
Collaboration. In 2020 IEEE 11th International Conference on
Dependable Systems, Services and Technologies (DESSERT) (pp. 431-
438). IEEE..

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