BUSINESS LAW. Table of Contents INTRODUCTION...........

BUSINESS LAW

Table of Contents
INTRODUCTION...........................................................................................................................1
ACTIVITY 1....................................................................................................................................1
Law and its evaluation in UK......................................................................................................1
Sources of law ............................................................................................................................2
Role of Government in law making in UK.................................................................................3
Statutory and Common law its applicability in courts................................................................4
Impact of company, contract and employment law over an organisation..................................4
Difference between legislation, regulation and standards...........................................................5
ACTIVITY 2....................................................................................................................................6
Funding, management and formation of different types of organisation....................................6
Evaluation of Alternate Dispute Resolution with example.........................................................7
Critical evaluation of ADR.........................................................................................................8
CONCLUSION................................................................................................................................9
REFRENCES.................................................................................................................................10

INTRODUCTION
Business law are those kind of law that deals with all the thing that is related to business
and company. This law covers basic aspects which are needed to be followed for smooth running
of business. It also covers rules and regulations which is mandatory to be followed by and
organisation to come into existence or for their establishment. Law of this types are also know as
commercial laws. Scope of these laws is very wide and covers all those aspects which are
required in and incorporation of a company. Its main objective is to create an easy in forming of
a company and business. In the given file sources of law, role of government in lawmaking,
about various organisation their funding, management and formation is going to be covered.
Also company, contract and employed is also talked about with an relevant example.
Understanding over legislation , regulation and standards is going to be explained.
ACTIVITY 1
Law and its evaluation in UK
Law is a very wider term that covers all those aspect which can have an dreadful impact
over the society and people living in it. This can be understood in simpler manner as rules and
regulations which are formed to maintain balance in a society. Their are various types of laws
present in modern world and they are company law, anti trust laws, civil and criminal laws.
Legal system in UK has two major elements they are parliament and judiciary. Both of them are
very important for smooth functioning of legal system in UK. Parliament is considered to be the
supreme authority in formation of law. All of these laws are formed under a basic structure
which is known as constitution. A proper process is required to be followed by parliament for
enacting of an law in UK. Their are two types of houses in an parliament of UK. They are House
of Lords and House of Commons. A draft presented by an committee needs to be presented in
both the houses (Cameron. and Pagnattaro, 2017). After this a discussion takes place in houses
and voting is also done for it by MPs. After this draft is send for Royal assen cent which is final
step to be followed in enactment of law. Judiciary plays also an important pillar for formation of
law in UK because of the concept of common law which still exists. Judges of courts in UK can
pass a law if they find a law passed by parliament is not appropriate to be followed by society.
Judicial system in UK consist of Supreme Court that is highest court for all kinds of cases . Then
comes High Court which I divided into Queens bench, chancery and family bench. Role of
1