Introduction to Business Law : Assignment

Added on - 11 Jan 2021

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Business Law
Table of ContentsIntroduction......................................................................................................................................1Task 1...............................................................................................................................................1P1 Various sources of law in UK...........................................................................................1P2 Governments Role in making law.....................................................................................3Task 2...............................................................................................................................................4P3 Effect of Employment and contract law on a business organisation.................................4Task 3...............................................................................................................................................5P4 Various types of business organisation and how they are incorporated..........................5P5 How the business organisations are funded and managed................................................7Task 4...............................................................................................................................................8P6 Alternate dispute resolution..............................................................................................8Conclusion.......................................................................................................................................8REFERENCES..............................................................................................................................10.......................................................................................................................................................10
IntroductionBusiness law is a broad area that helps in governing the business and the commercialentries that takes place between the society and the people around them. It is also known ascommercial law or a mercantile law which helps in governing business in the country. Their aredifferent business law that helps in governing the business entities and these involves law ofpartnership, company laws, law related to agency or law related to trust etc. it also helps inregulation of commercial transactions that comes under a law of contract. This report is based onlegal system that exist in Britain and what is role of government while making and application oflaw in society. This report also analysis different types of business organisation and also how theemployment law and the contract law has a significant impact on the operations of Pegasus Ltd.Lastly the report would show the importance of alternate dispute resolution on the society as awhole.Task 1P1 Various sources of law in UKFor a country presence of legal system is important and it helps in governing the societyirrespective of its type or size. A legal system in country is categorised into different two headswhich helps to make a better understanding of law (Adams, 2017). This has been divided intopublic and private.Public law is defined as a law that helps to build a relationship between individuals and states asa whole where as private law deals with the relationship between individuals, family membersetc.Laws has been sourced from different sources in UK. It has been seen that there are fourdifferent sources of law to make English legal system more impactful, which includes thefollowing- legislations, common law, human rights acts or laws and the European laws.UK legislations: This includes the laws that are made by process of legislature in thecountry. As in UK the parliament structure is the principle legislature and is based inLondon (Sealy and Worthington, 2013). It is primarily responsible to make and enact thelaws that would be applicable to all the countries in the world.1
Common Laws: In UK legal system is basically based on the common law. It impliesthat decision of superior court can be considered as the part of law which is followed bydifferent courts while taking any decision.European union law: As UK is a member state of European union so all the laws thathas been passed by European union has to be implied over the local laws within thecountry.Human rights act: This law has been come in force to protect human rights of thecitizens of country. These rights have been specified in the European convention onhuman rights and has been made an act which is known as Human rights Act,1998.Also there are various divisions of law in UK, these divisions are divided into threedistinct legal system (Blake, Browne and Sime, 2016). These are divided into one each forEngland and Wales and for Scotland and Northern Ireland. In UK the legal system isadministered by different courts. There are different hierarchy of courts which includes thefollowing:Supreme court:This court is formerly known as House of Lords, it is the supremeappellate body in UK. The court deals with the appeal that are related to both the criminaland civil law in England and Wales. Whereas the appeal to criminal proceedings aremade to high courts from lower courts in Scotland.Court of Appeal:This is senior court of appeal and also helps to decide about thematters that are related to civil and criminal cases. This is only divided into these twodivisions.High court:It is also known as another senior court which accepts the appeals and alsohears the serious and complex matters that arise in the civil issues and family cases. Thiscourt includes the three divisions which comprises of Queens Bench, Family andChancery Divisions.Country court: These are the courts which are meant for hearing of the civil matters,which includes the claims that arise due to monetary claims, geographical catchmentareas etc.Crown court: This court deals with the cases that are of serious criminal offence as wellas the cases that has been transferred by Magistrates courts.2
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