Business Law: Sources, Procedure, Company, Employment, and Contract Law

Business Law

Table of Contents
INTRODUCTION................................................................................................................................3
Task-1...................................................................................................................................................3
P-1. Define several sources of law...................................................................................................3
P-2. Properly explain procedure of creating law and define purpose of statutory and common law
in court rooms..................................................................................................................................4
TASK-2.................................................................................................................................................4
P-3. Explain company, employment and contract law in brief........................................................4
Task-3...................................................................................................................................................5
P-4. Legal formation of different organisations. .............................................................................5
P-5. Explain managing and funding of different organisations.......................................................6
Task-4...................................................................................................................................................7
P-6 Recommended suggestions towards case laws mentioned below.............................................7
CONCLUSION ...................................................................................................................................9
REFERENCES ..................................................................................................................................10

INTRODUCTION
The UK is a multi-governmental state and its laws provide citizens with multiple rights,
rules and remedies. Its very diverse nature makes it exciting to change the country's laws or create
new ones. Business law is also the most important area, especially for business organizations. They
provide guidelines on how to carry out various company tasks and how to comply with all legal
processes. Each year, the Royal Queen delivers a heart warming speech at the government-set
program for the current evaluation year. Known as the "Speech from the Throne," this speech also
has guidelines and can help other legal agencies get an idea of how to follow the correct process. It
consists of several sections. In addition to this, there are various sources, methods and techniques
that business organizations use in different situations.(McClean, D., 2019,)
Task-1
P-1. Define several sources of law
The English law is fragmented geographically, it is governed by four well-categorized sources of
law, each covering a different aspect of the law.
Legislation: The driving force behind the creation, repetition, and repeal of laws. Ultimately, this
means multiple authorities and multiple functions working together with legal departments and
work processes. It is one of the country's highest authorities and works with all legal departments in
the country. Legislation is divided into her two parts, the Act and the Act of Delegation. Along with
the European Union, it is the highest legislative body. The updated law includes legal entities with
the power to legislate through Congress.(Wincott, D., 2018)
Customary Law: This division is also a very important aspect of law, and the principles laid down
in ancient jurisprudence are governed by statutes. It should create a great prospect for Congress.
Historically, this common law predates the development of known legal systems. In royal power,
the king was part of the highest hierarchy, and the laws he passed became law, followed by the
entire empire over which they ruled. Common law is very popular and best followed. Law one. All
laws are different in that they are different. Very unusual laws and opinions can become law in
Congress.
European Union: This Union was created for the benefit of its citizens and took shape after the
Second World War. People began to civilize again, but this union was created so as not to interfere
with each other. Composed of 28 countries, all of these countries have dominant markets around
the world. The union also offers an advantage in market dominance as most developed countries
participate and offer worldwide advantages. We also need to end war and promote peace.