Business Law

Business Law

Table of Contents
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
1. Explain about legal system of UK, sources of law, role of government in law making
process and how statutory and common law is applied to business...........................................1
2. Critical reflection upon legal system including its strength as well as weaknesses................2
3. Explanation on legislation, regulation and standards which is to be considered by new
business entity.............................................................................................................................3
4. Discuss about the impact of different types of law.................................................................3
5. Explain about different types of business including its specific formate of formation
including its pros and cons..........................................................................................................4
6. How different types of organisation are funded and managed...............................................5
PART 2............................................................................................................................................5
1. Brief overview of Contract law, employment law, Company law, etc...................................5
2. Salient legal points of each case;............................................................................................6
3. Suggest an appropriate legal solution to each of the problems; .............................................6
4. Provide justification for the advice and solution given;..........................................................7
5. Compare & contrast the effectiveness of these recommendations given in your presentation
.....................................................................................................................................................7
6. Critically and evaluate the use of the appropriate legal solutions suggested in comparison
with alternative legal advice........................................................................................................8
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
In simple words, business law develops the regulation for commercial sector. This law is
formed from the basic concept which includes the process of formation of a company to its
resolution process. All of this process is necessary because it gives the positive idea to business
that how any of the business can perform its activity in a successful manner. The formation of
the file will be based on two different parts. In references to the first one, focus will be given that
how laws are formed along with their major sources. Not only this but how this sources helps to
form any of the legal organisation includes its advantage and disadvantage. Also, there are some
of the situation has been developed by providing three different cases where recommendations
will presented to understand the concept of law in detail.
PART 1
1. Explain about legal system of UK, sources of law, role of government in law making process
and how statutory and common law is applied to business.
UK is among those nation where role of legal system is because it is the main reason
behind their success in last many years. The legal system of UK is not biased which is the
favourable part of the company due to which it is said that organisation can easily obtained their
goals and target. The power of making any of the decision is in single hand i.e., in the hands of
Crowned Headed.
Multiple sources are there for UK which is allowing them to commence any of the law
because it is said that single source of commencing law will not allow the nation to form
effective laws and regulation. Some of the main source of law in UK are discussed below:
Act of Parliament: In any of the nation, parliament holds strong power at the time of
commencement of any law and in the similar way UK's Parliament also holds the same power.
This source of commencing the law is governed by MP's of House of Common and Peer
members of House of Lords (Augenstein, 2018).
Case Laws: It is among the vital source which is contributing in enforcement of those
laws and regulation which has been never proposed by Parliament House. The main
effectiveness of this source can be seen in that respective condition where judiciary body needs
to declare result because new law is commenced for declaring the result in any of the pending
case.
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