(PDF) Business Law - Assignment

BUSINESS LAW

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Law sources............................................................................................................................1
Government role in making of law and how the law is applied.............................................5
TASK 2............................................................................................................................................5
Impact on business due to employment law and the contract law.........................................5
TASK 3............................................................................................................................................7
Legal formation of various types of organisations.................................................................7
Management of the business organization and also funding of the same..............................8
Recommendation towards obtaining the legal advice............................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................12

INTRODUCTION
Business Law are made for the business in which all the laws which are related to the
business are mentioned. Business law is also known as commercial laws. These laws deal with
both private and public law. Commercial law takes in account the legal issues related with the
hiring of the employee, contracts made with the companies as well as employees, manufacturing
of goods and selling of goods, etc. The business laws effect the relationship among the employer
as well as employee in bulk. There are various types business laws such as intellectual property
law, security transaction law, antitrust law, employment law and labour law etc. The study is
done in order to find the conclusion of the case of company K on the basis of the case Smith vs
Pimlico. The various companies are decribed here which includes private, public and
partnership. The impact of contract and labour law is also described here. The management of
the business and funcs is also described here indetail. (Different type of business laws, 2019)
TASK 1
Law sources
In order to form the European law various sources are taken into consideration. The law
was made in order to benefit the business person and also the workers and the customer in order
to stop them from being exploited. There are various terms used in the law but some relevant
terms are worker, employer, employee, Goods and services, etc(Beatty, Samuelson, and Abril,
2018). There are four sources of the law in order to give the above advantages to the workers are
as follows:
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Illustration 1: Different type of business laws
(Source: Different type of business laws, 2019
Legislation
There is no single governing factor for the source of the law but each factor plays an
important part in making of the law and Legislation is one of them, the legislation is created by
the legislature. UK's parliament is the principal legislature which is in London. This is having the
only power to pass the laws and apply to all four nations. The UK parliament contains the house
fo the lords and also the house of commons. The house of the commons have around 650
members known as the member of the parliament. Each of the MP is having its own geographic
constituency in which the MP is elected by the elector's vote in which each elector is having a
single vote and the person having the highest number of votes is elected as a MP for the
particular constituency. On the other hand the house of Lords is having around 850 members in
which 650 members are appointed by the Royal Queen. The other members are having title such
as senior bishops, lord etc. Each assembly is having the power to pass the laws in which each
legislation is having its own website(Miller, 2016). The sources of the legislation are seen in the
in the government system of enquiry 2006 and also Parliament of the Great Britain.
Common law
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