Understanding the Legal System and Impacts of Legislation on Business Performance

Business Law
1610191682

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Legal system of the UK along with problems of UKs legal system............................................1
TASK 2............................................................................................................................................3
Impacts of legislation...................................................................................................................3
TASK 3............................................................................................................................................4
Types of organization along with organization funding..............................................................4
Conclusion.......................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Business law refers the body of law which governs business and it is mainly considered to
be a branch of civil law (Miller, 2016). It deals with both public and private issues. This present
study is based on Pegasus that is a partnership firm, set up by Jay and Alex in the year of
2014.They deliver products that are ordered online. Amazon is one of the major customers of
this company and now this company has around 30 delivery vans. This study is going to show
effectiveness of knowing detailed information about legal system of the country where people
run business. It protects them against law suit and helps them out in running business smoothly
and effectively. It will also show impacts of legal system and legislations on business
performance.
TASK 1
Legal system of the UK along with problems of UKs legal system
UK has three legal systems, one for England and Wales, one for Scotland and one for
Northern Ireland. It is found that justice system of the UK is fair and transparent. Common law,
European law and European convention on human rights. The main important piece of
legislation is Acts of Parliament (Abbasi and Parsa, 2019). Principle legislature is the only body
that has power to pass law that applies in all four countries. House of common has around 650
members of parliament. The House of Lords consist of 800 peers. Sources of law of the UK can
be discussed in detailed manner such as:
Legislation:
It is a law that is created by legislature. The house of common that is has around 650
members, represent defined geographic constituency. Each elector has 1 vote and those
candidates who get the highest votes are elected as Member of Parliament for that constituency.
House of Lords also consist of 800 members among which 600 are formally appointed by the
Queen on recommendation of the Prime minister.
Other body of this legislation such as The Scottish Parliament, Northern Ireland assembly
and National assembly for Wales have power to pass laws. But these laws apply in only those
countries where they were passed.
Common law:
Legal system of England and Wales is common law and decisions made by senior courts
also become part of this law (Norman, 2017).
1