Business Law: Legal System, Laws, and Business Organization

BUSINESS LAW

Contents
INTRODUCTION.................................................................................................................................3
PART 1..................................................................................................................................................3
1) Legal system and role of government in law making....................................................................3
2) Strength and weakness of the legal system....................................................................................3
3) Legislation, regulation and standards undertaken by business.......................................................4
4) Different laws to be followed by company....................................................................................4
5) Different types and classification of business organization...........................................................4
6) How different organizations are managed and funded...................................................................5
PART 2..................................................................................................................................................5
1) Overview of contract law, employment law and company law:....................................................5
2) Legal points on each case..............................................................................................................6
3) Appropriate legal solution to each of the issues............................................................................6
4) Advice and solution to the relevant parties....................................................................................6
5) Effectiveness of recommendation..................................................................................................7
6) Appropriate use of legal solutions.................................................................................................8
CONCLUSION.....................................................................................................................................8
REFERENCES......................................................................................................................................9

INTRODUCTION
Business law refers to the body of the law which is mainly imposed on the business
when they are dealing in certain type of transaction. The law are imposed in managing the
activities relating to civil and criminal crime and then accordingly the punishment is imposed.
Business deal in various activities such as buying or selling of goods or services or entering
into any contract with any of the person or also giving any property or business on lease or
franchising the business (Roach, 2016). Thus, various laws are designed in respect of
managing the business activities in right manner and also secure the right of the person who
are engaged with it. In this report, the matters which are covered is relating to identifying the
nature of the legal system and its potential impact of law on the business. It also includes the
matters relating to the formation of different types of business organization and also its
advantages and disadvantages in business. At last, the report ends up with the legal solution
which is undertaken to resolve the disputes in business.
PART 1
1) Legal system and role of government in law making
It mainly refers to the legal procedure or process which is undertaken in enforcing the
law. It mainly provides the right and responsibility to the citizen to secure their right in
attaining any task. It mainly carries with different sources of law such as in case of customs
law, it mainly runs from the ancient times. In case of case law which is also known as
common law, in which judges refers the decision by referring the previous judgment. Another
source is relating to the statutory law in which the parliament carry the right to enact any laws
and such laws are written in the constitution (Lehmann and Zetzsche, 2016). In case of
Europeans laws, these laws are mainly designed for the citizen of the UK country to protect
their interest.
The role of government in law making is stated by both the houses, firstly it is the
duty of the public authority to examine the needs of law making and then draft a bill to the
house of common. The bill then sent to the second reading in which the debate and
amendment is made. It further reaches to the committee stage in which detailed discussion is
undertaken. The bill further sent to the report stage in which the vote of the integrity of the
bill is determined (Siems, 2018). It further than transfer to the third reading in which the
House of Lords read the bill loud and then send back to house of common for further
changes. At last, the bill is signed by the royal ascent and then the bill is imposed in country.
Statutory law applied in business in respect of working under the norms mentioned in
the constitution. In case of common law, this is applied by referring the cases which is
previously mentioned in the existing case and then the working is undertaken.
2) Strength and weakness of the legal system
In respect of taking any action against any person, the strength which is undertaken in
legal system is relating to providing justice to parties whose rights are infringed. Similar the
weakness which is examined in this case is relating to taking long time to implement any
laws and also lot of political intervention is also raised in respect of not allowing any laws to
be implemented (Siems, 2016). The strategy also lies in respect of getting speedy disposal of
judgment while strategy is that it refers to the costly procedure.