Business Law: Sources of Law, Legal System, and Impact on Business

Business law

Table of Contents
INTRODUCTION................................................................................................................................3
PART 1..................................................................................................................................................3
THE LEGAL SYSTEM ..................................................................................................................3
EVOLUTION OF THE LEGAL SYSTEM.....................................................................................3
DIFFERENT SOURCES OF LAW ................................................................................................3
LEGISLATION, REGULATIONS AND STANDARDS ...............................................................4
ROLE OF GOVERNMENT IN MAKING LAW AND ORGANISATION IN JUDICIARY........4
CRITICAL EVALUTION OF DIFFERENT TYPES OF BUSINESS ORGANISATION.............4
IMPACT OF THE LAW IN BUSINESS.........................................................................................5
PART 2..................................................................................................................................................5
The formation of different types of business organisations.............................................................5
Explain managing and funding of different organisations...............................................................6
Recommended suggestions towards case laws mentioned below...................................................7
Legal solution:.................................................................................................................................8
CONCLUSION...................................................................................................................................11
REFERENCES...................................................................................................................................12

INTRODUCTION
Business law, also known as commercial law or commercial law, regulates the dealings
between commercial and private matters, whether through agreements, conventions, national and
international laws. These laws deal with the law of contracts, agreements and conventions dealing
with matters related to trade and commerce. Business law helps the state motivate a company's
employees to work in an organized and organized manner. This also helps in forming an appropriate
policy for the business organization. Business law is state labor law. The law to assist the
government in generating revenue through taxes forms a company operating in the country
(Farrugia, 2018). This report is in two parts, the first part is in the form of an essay and contains
sources of law, the government's role in legislation and the application of laws to the Court. The
second part of this report consists of the impact of contract and labor law on business, the formation
of different types of business and the way business organization was managed and funded in this
report. This report also describes the comparison of different sources of legal advice and assistance
in dispute resolution, which provide appropriate recommendations for a legal solution.
MAIN BODY
PART 1
THE LEGAL SYSTEM
The UK legal system is based on various viewpoints that exist in society. There are two
major laws, civil and criminal. In civil law, they take in consideration individuals and problems
related to civil lawsuits are dissolved in civil courts. Criminal law deals with all criminal cases.
Both laws have procedural rules and are followed in criminal and civil matters. The Criminal Code
deals with provisions such as murder, theft and robbery. The Civil Code deals with matters related
to property, contracts, torts, and state affairs. District courts handle criminal cases. Both laws serve
to apply the legal aspects in practice and this proves legal validation(Mandal, and Aiyanna, 2020).
This is how the new legislation that was implemented in the country was developed in the English
legal system. Changes have been made in the Companies Act, giving companies the power to do
business in the market. The competitive market threshold for start-ups is also being reviewed.
EVOLUTION OF THE LEGAL SYSTEM
There is a common law in the UK, but no written constitution that makes a big difference,
and a co- seismic situation that leads to imbalances in law and enforcement. The rules of the Stare
decisis are enforced in English courts(Direction, 2019). Therefore, if a similar situation is ruled in
the name of precedent, there is a reliance on previous decisions. But this breaks the lawful harmony
that the situations are related but not the same and raises a direct question of law. The post-Brexit

conditions are not favourable for the UK legal system. There are various procedural changes made,
such as competitive market valuation thresholds, and the entry of new companies have changed
with new rules and regulations
DIFFERENT SOURCES OF LAW
The two main sources of the law in the United Kingdom are primary and secondary sources.
Primary sources- The main source of law is the legislation enacted by the country's parliament. This
is data provided by the State Legislature. Primary sources of law include all data required by law.
These are the laws which are enacted by bodies in command. The main sources which provide the
legal informations are the case laws. Relevant laws include everything from state law in city
ordinances to published case law published by law(McCashin, 2021). Judiciary is the decision
made by the courts of a country. Case law is considered by the courts and is binding on state lower
courts. This obliges the courts to follow the decisions of the country's High Courts.
Secondary Sources- Any legal documents which are not emanating from courts or legislatures were
designated as secondary sources of law. These are not decision which are made by judges, nor is the
law passed by the legislator. It is the composition of one or more authors, each of which analyses
the law from a particular point of view. Secondary sources of law include monographs (i.e. treaties,
textbooks, published articles, case studies on textbooks), government reports, collections of essays,
conference proceedings, or legal training program materials. will be Secondary legal sources rely
entirely on primary legal sources, including court decisions, new laws, etc., to enhance the analysis
and discussion in articles and books. Judges and legal scholars therefore take a note of the points
said by the legal scholars on any specific matter.
LEGISLATION, REGULATIONS AND STANDARDS
It is an legal entity which rules a collection of body or an community, organisation, an
industry or whole of the country. The law has a systematic manner of making legal guidelines in the
course of a rustic for every citizen, and all of the legal guidelines are hooked up with the aid of
using law which has to be accompanied with the aid of using all of the enterprise
entrepreneurs(MUCHLINSKI, 2018). Regulations are set of legal requirements which need to
follow through the enterprise for doing business or any of the opposite dealing which must are
associated with the legal obligations of the country because of safety of product, consumer
protection and plenty of other think about interest of public which makes rules for an
administration.
ROLE OF GOVERNMENT IN MAKING LAW AND ORGANISATION IN JUDICIARY
There are mainly three bodies of government which are executive, judiciary and the