How business law affects

Business Law

Table of Contents
INTRODUCTION...........................................................................................................................1
SECTION 1......................................................................................................................................1
TASK 1............................................................................................................................................1
a) Meaning of the statement and describe different sources of UK laws...............................1
B) Role of government in law making process and application of statutory and common law
in justice courts.......................................................................................................................2
C) Describing how company, employment and contract law has a potential impact upon
business...................................................................................................................................4
TASK 2............................................................................................................................................5
Describing nature and formation of different types of business.............................................5
How the business are managed and funded............................................................................7
SECTION 2......................................................................................................................................8
Providing legal solution for both cases..................................................................................8
CONCLUSION................................................................................................................................9
References......................................................................................................................................11

INTRODUCTION
Business law comprehend all the laws which direct how to form and run a business and it
also includes all the laws which govern how to start, purchase, manage and close or sell a firm.
Apart from this, it also establishes the rules which every organization must follow. In the same
way, present report also based upon the laws which a business entity must follow and it shows
the importance of all the business law in an entity that helps to govern those in systematic
manner.
The present study describe how the business law are applied to run a business smoothly
and it is split into two sections such as in Section A, study will describe the meaning of Queen's
speech and describe various origin of UK laws. Further, it also explains the function of
government in law- making process and describes how case law and statutory law are practical in
courts. In addition to this, report show company, employment and contract law are created
potential impact upon business by using examples. Then it describes different types of business
and how they are managed and funded. In section 2, report shows legal solutions in order to
resolve the conflict using laws.
SECTION 1
TASK 1
a) Meaning of the statement and describe different sources of UK laws
The statement states that at state opening of parliament during October or November the
government used to announce its legislation by means of Queen speech every year. However, it
can be seen that the constitution of United kingdom is unique as the constitution is not present or
limited to a single document. The parliament continuously make changes in its legislation in
order to meet the needs of the society. Therefore, it can be said that the parliament of UK is an
supreme ruler (The UK Legal System, 2019).
Administrative law : The administrative law comprises of some other law such as common law
statutory law and office of information and regulatory affairs this altogether can jointly be
defined as administrative law(Reiss, 2017).
Common law : The procedural rule and substantive law which has been created by the judges
after listening the cases in a court and decision making. There are basically two types of common
law :
1