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Business Law INTRODUCUTION 5 ACTIVITY 1 5 P1 Presenting different sources of law 5 P2 Impact of laws, regulation and standards on business 7 M2 Impact of business 7 M2 Law, regulation and contract law

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Business Law presented INTRODUTION 5 ACTIVITY 1 5 P1 Presenting different sources of law 5 P2 Role of government in making law and application of statutory and common law in justice court 5 M1 Evaluation of effectiveness of legal system in context of reform and development in recent time 7 P3 Illustrating impact of employment, company and contract law of a business 7 M2 Difference between legislation, regulation and standards and their potential impact on business 8 D1 Critical evaluation of legal system 8

Business Law INTRODUCUTION 5 ACTIVITY 1 5 P1 Presenting different sources of law 5 P2 Impact of laws, regulation and standards on business 7 M2 Impact of business 7 M2 Law, regulation and contract law

   Added on 2020-10-05

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Business Law INTRODUCUTION 5 ACTIVITY 1 5 P1 Presenting different sources of law 5 P2 Impact of laws, regulation and standards on business 7 M2 Impact of business 7 M2 Law, regulation and contract law_1
Table of ContentsINTRODUCUTION........................................................................................................................5ACTIVITY 1...................................................................................................................................5P1 Presenting different sources of law........................................................................................5P2 Role of government in making law and application of statutory and common law in justicecourt.............................................................................................................................................5M1 Evaluation of effectiveness of legal system in context of reform and development in recenttime..............................................................................................................................................7P3 Illustrating impact of employment, company and contract law of a business........................7M2 Difference between legislation, regulation and standards and their potential impact onbusiness........................................................................................................................................8D1 Critical evaluation of legal system.........................................................................................8P4 Different types of business organisation................................................................................9P5 Management and funding of these businesses......................................................................10M3 Pros and cons of different types of organisations...............................................................10D2 Critical review of all types of business organisation...........................................................11P6 Recommendation of appropriate legal solution for business disputes.................................11M4 AND D3 Critical evaluation of legal solution and their comparison..................................12CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................144
Business Law INTRODUCUTION 5 ACTIVITY 1 5 P1 Presenting different sources of law 5 P2 Impact of laws, regulation and standards on business 7 M2 Impact of business 7 M2 Law, regulation and contract law_2
INTRODUCUTION Business law is that body of law which governs and direct he conduct of a business inlegal direction and stooping it form doing any illegal activity against the law. In the presentrepost a detailed discussion related with legal system of UK is done. This includes the sources oflaw, hoe a law is made, how they are applied in the court system and what are the recent reformsand developments in the system. Moreover, the impact of employment, company and contractlaw on a business is defined along with impact of legislation, regulation and standards. Alongwith this different types of organisation are presented with their pros and cons and criticalreview of all of them. For the last section of the reports two different business problems are taketo present legal advises and same are also critically evaluated.ACTIVITY 1P1 Presenting different sources of lawThe different sources of law from which law under the English legal system are made:Legislation: includes tow sources that is act of parliament and the delegated legislation. Underthe act of parliament legislation and statute laws are made through the process of parliament withgetting assents from both the houses of parliament and the queen. Under the delegated legislationthe public bodies and local authorities are given power by the parliament to make laws andlegislation over particular matter.EU directives: the EU have 18 nations as tis members and it has a set of laws which areapplicable to all member states (Barroso, 2018). The directives are the set of guidelines andspecific standard to follow a law which must be abided by al the member states.Case laws: are the oldest source of UK legal system under which the decision of a provisioncase is followed in the later cases to give a ruling on other cases with same matters and facts.This power to the decision of law suit is given by the doctrine of judicial precedent.P2 Role of government in making law and application of statutory and common law in justicecourtRole of government in making law: 5
Business Law INTRODUCUTION 5 ACTIVITY 1 5 P1 Presenting different sources of law 5 P2 Impact of laws, regulation and standards on business 7 M2 Impact of business 7 M2 Law, regulation and contract law_3
The laws are made through the parliamentary process. A draft legislation is presented tothe parliament after getting an approval from the cabinet ministers in the form of a bill. The billis presented to either of one of the houses of parliament. The bill is presented through firstreading to the house where title of the bill is read out. It is defined that what is going to bediscussed in future. From here bill goes to second reading where the principles of the bill aredebated and voting is done to accept to project the bill. After this bill is sent the house committeeunder the committee state where intense discussion and debate is done and also amendments aremade at this stage (Adams, 2010). After this bill is sent back to the members of parliamentthrough report stage where the house consider the changes made and. Form here bill goes to thethird reading where final discussion is done and voting is done over acceptance or rejection ofthe changes and modified bill. From here bill goes to other house where it went through samestages and if changes are made it is sent back to the first house for consideration. This processcontinues till both houses reach to same consent level. After getting assent from both houses thebill is presented before her Highness to get final approval. With consent from Monarch the billbecomes a law.Application of Statue law: The statue laws are made through the act of parliament and have a compulsory bindingorder to follow them while giving a decision over a case. The status laws are interpreted by thejudges in the justice court through internal and external aids available. The judges and court donot a have a right to question a status law and its application. The relevant law over a case isidentified and interpret them with help of the assistance available. The example of status lawsare Equality act, 2010, companies act, 2006 and others.Application of Common law: The common laws are made through giving binding effect to the decision of cases lawsin the justice court. This laws are required to be referred when decision another case with similarsubject matters and facts. The judges here have a power to apply their discretion in itsapplication as when they feel there is omission in the previous decision regarding considerationof evidence or interpretation of the law. Such ads in the case of Pimlico plumber significantreference from the decision of case Uber v Aslam was taken.6
Business Law INTRODUCUTION 5 ACTIVITY 1 5 P1 Presenting different sources of law 5 P2 Impact of laws, regulation and standards on business 7 M2 Impact of business 7 M2 Law, regulation and contract law_4

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