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Business Law Assignment - P1 Different sources of law

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Added on  2020-10-22

Business Law Assignment - P1 Different sources of law

   Added on 2020-10-22

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BUSINESS LAW
Business Law Assignment - P1 Different sources of law_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different sources of law..........................................................................................................1P2 Role of government in law making and its implications........................................................3M1 Effectiveness of the legal system..........................................................................................3P3 Impact of company, employment and contract law on businesses.........................................4M2 Difference between legislation, regulations and standards...................................................5D1 Critical evaluation of the legal system and law.....................................................................5P4 Types of business organisations formed legally.....................................................................5M3 Advantages and disadvantages of formation of different types of business organisations...6P5 Management and funding of business organisations..............................................................7D2 Evaluation of different types of business organisation's........................................................8TASK 2............................................................................................................................................8P6 Legal solutions for resolving business disputes......................................................................8M4 Different sources of legal advise........................................................................................10D3 Effectiveness of legal solutions, legal advise and support for dispute resolution................10CONCLUSION..............................................................................................................................11REFERENCES .............................................................................................................................12
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INTRODUCTIONLaw is termed as the binding rules of the conduct that are meant to enforce justice andprescribed duty or obligation. It is termed as the system of rules that are created and enforcedthrough social or governmental institutions to regulate behaviour. Legal system of UK is derivedfrom different sources and a well defined method is used to implement various laws that help ingoverning different sectors in the country to make an profitable and developed economy.Designing a legal system is not easy as it involves some facts that needs to be modified and setas per requirement. On this basis a legal system in the country is termed as combination ofscience and art. In UK legal system is divided into different segments that work in specific fieldsto provide more effective results and develop a system which helps in implementing rules andregulations in whole country (Miller, 2013). The whole project scenario revolves around business law from its generations toimplementation and importance in the economy. As business is one of the important factor thathelps in governing economy of a country. In UK business is expanding well and requirementgenerated to introduce a separate law that governs all the business activities in the country. Allrules and regulations are defined in this law that helps in governing business and breach of anylaw leads to penalty. The project report consist of different sources of law in UK and role ofgovernment in law making and its implications. Impact of contract law, employment law andcompany law on businesses is also mentioned in this report. Formation of different businessorganisation in legal manner. Together with this management and funding of organisations andlegal solutions to different disputes arises in business is provided to the resolve various issues. TASK 1P1 Different sources of lawThe four main countries named England, Scotland, Wales, and Northern Ireland that are part ofGreat Britain. In UK various laws are prevailing in each of these places which are governing thepeople and their working. There are four major sources of laws such as legislation, Europeanunion, human rights and common law (Lloyd, 2017). Legislation law- This law comprises of acts of parliament and it is created by thelegislature. This is supreme body that possessed the power to pass laws in any part of the UK.House of commons and House of Lords are the two main part of the parliament each of them1
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