Report on Impacts of Law on Business Organisation
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Added on 2020-06-06
Report on Impacts of Law on Business Organisation
Added on 2020-06-06
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BUSINESSLAW
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 English legal system and different sources of laws...........................................................1P2 Role of government in making laws and how statutory and common law is applied in thejustice court............................................................................................................................3M1 Effectiveness of legal system in terms of recent reforms and development....................6TASK 2............................................................................................................................................6P3 Impact of law on business organisation............................................................................6M2 Potential impact of regulations, legislation and standards...............................................7TASK 3............................................................................................................................................7P4 Legal solution to business problems.................................................................................7P5 Justification for solution....................................................................................................8M3 Positive and negative impact of legal solutions to business problems............................9TASK 4............................................................................................................................................9P6 Recommendation to legal solution on alternative legal system........................................9M4 Effectiveness of two different recommendations..........................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness law is also referred as commercial law. It is an significant body of law whichgoverns business day to day activities(Awrey, 2010). It regulates all organisation contracts, its hire and purchase activities, productionand sales of product and services. The organisation which are formed under Companies Act2006 is regulated by United Kingdom company law. In the following assignment differentsources of law and English legal system is discussed briefly. Report will help to understand rolesof government in law making and application statutory and common law in court of justice. Thereport will help to understand impacts of law on business organisation. TASK 1P1 English legal system and different sources of lawsLaw and legal system: - It is referred to an procedure or process which interpret andenforce law. It supports in defining rights and responsibilities in variety of ways. The legalsystem is divided in three parts which are applied in different geographical area. English law isapplicable in Wales and England, Northern Ireland law is for Northern Ireland and at last Scotlaw is applied in Scotland (What is the Structure of the UK Court System, 2016 ).English legal system: - It is an common legal system which governs England and Wales .This system consist of criminal and civil law. This system provides support to variousindividuals and nations which are dependent on same legal framework. It is important for allindividuals and organisation to comply with laws laid down under this structure and this supportsin getting justice to in various cases (Bartlett, Rhode and Grossman, 2016). 1
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