Business Law: Sources, Role of Government, and Legal System Evaluation

BUSINESS LAW
INTRODUCTION 4
TASK 1............................................................................................................................................4
Different sources of law...............................................................................................................4
Role of government in law-making.............................................................................................5
Statutory and Common law applicability in court.......................................................................6
Evaluate effectiveness of legal system in terms of recent reforms and developments................6
TASK 2............................................................................................................................................7
P3. Using specific examples illustrate how company, employment and contract law has a
potential impact upon business....................................................................................................7
M2. Differentiate between legislation, regulations and standards to analyze potential impact
upon business...............................................................................................................................8
D1. Provide a coherent and critical evaluation of the legal system and law...............................8
TASK 3............................................................................................................................................9
P4. Explain how different types of business organizations are legally formed...........................9
P5 Funding, management of various organization with advantages and disadvantages...........10
TASK 4..........................................................................................................................................12
Recommend appropriate legal solutions to resolve areas of dispute.........................................12
CONCLUSION..............................................................................................................................14
REFRENCES.................................................................................................................................15

INTRODUCTION
Business laws are those types of laws that helps in forming of an organization related to
business. Such laws consist of an legal framework within which all organizations can perform its
activities of achieving goals and objectives. These laws provide all kind of legislation that has to
apply in order to establish an business organization within a country. Scope of these laws is very
wide because they cover those aspects of business that leads towards formation of it. Nature of
laws is dynamic as they deals with important aspect of business. In this file things that are going
to be covered is based upon law and business law. They are sources of law, role of government
in law making and evaluation of laws. Father various business organizations with its formation,
management, funding, advantages and disadvantages is going to be explained. In the end ADR
is going to be discussed with its methods applied under certain situations.
TASK 1
Different sources of law
As per English law there are certain type of elements that leads towards formation of law
as an concrete rule to be applied over the country. Such elements are known as sources these are
very important from point of view of providing knowledge over those parts of law that is
difficult to be understood by an individual. These are also very helpful in providing of
study ,material to those individual studying law as an subject. These sources are divided into two
types and they are as follows:
Primary Sources: These are those type of sources that covers raw information over the
basic structure of law. Such sources are of various types and they are explained as follows:
 Common Law: These are that kind of laws in which judgment given by judges are being
recorded to be kept for its further utilization regarding same case existing in future. These
are stored in the form of report. Also all things related to cases is being written in it like
facts, summary, judgments. Such report is also very help full in solving of typical cases
that are hard to solve (Lee, 2017).
 Legislation: These are one of the most important source because they help in forming of
a bill in to law of permanent nature. Proper procedure is followed regarding formation of

law in which discussion is done over the bill and laws formed through this is only
applicable to UK only after attaining of Royal assent.
Secondary sources: These are those type of sources that consists of interpretation of
various laws which is done for helping out persons to understand concept of present in
law. These sources are explained as follows:
 Legal Encyclopedia: This is an very useful source as it provides information
about certain terms that are being used by judges within there judgments. Also it
specifically defines about laws in short manner (Katsos and AlKafaji, 2019).
 Parliamentary and no –parliamentary: These are that publications that has
been documented by government. Such document are in written form and also
amendment is present in it.
 Law Commission: This is an commission that has been formed to keep a check
over the new laws enacted by government in society. Such commission is also
responsible for marking out loopholes within the existing law of any kind and
suggests ways to improve them.
 Text Books: This play and very important role in helping out those students who
are studying law. In a manner that it creates an core understanding of all basic
concept of different types of laws. This is going to create an awareness about
those laws which can be helpful for them in future.
Role of government in law-making
Parliament in UK plays an very important role in the procedure of forming of law and
policies related to it. These laws are provided to maintaining of law and order within a society.
Such type of procedure has been explained as follows:
First Reading: In this stage the bill is only presented and main aspect is being told by
the drafting committee. Only an overview is given about the law to be presented.
Second reading: At this stage debate is being done over the bill and important points are
discussed. After this voting is done for and against the bill within parliament. Whip
system is being used for this purpose.

Committee Stage: At this stage a bill is presented in front of House of Commons and
then details analysis upon it. Also any amendment can be done at this stage.
Report Stage: In this stage debate is done over the amendment that has been done in the
bill and again voting is done. Also changes required in amendment are done.
Third Reading: Under this stage the bill is presented in front of the house and this time
final discussion is done in the House of Commons. At this stage also rejection and
acceptance can be done based upon amendments.
House of Lords: Bills is sent to the House of Lords after it went through the above
mentioned stages and all amendments are done. Still house can suggest amendments if
required to be done.
Royal Ascent: This is the last stage of the procedure in which only the sign has to be
taken over the document but is not allowed to read it. As per Royal Assent Act this is
done.
Statutory and Common law applicability in court
Common law: Such laws are those types of laws that have been playing an very
important role in amending of laws that are having negative impact over society. In this
judgment has been passed by judges under landmark cases. Also other important parts of a case
have been covered under it. Using these judgments judges can give judgments in order to
maintain dignity of legal system within courts. These are important to create a transparency in
process of justice.
. Statutory laws: These laws are permanent in nature and proper procedure is followed in
order to amend or enact laws. Such laws are formed within the parliament after having proper
and deep discussion over it. Laws are applicable over all the country and every person living in
it. It is concrete in nature and used within proceeding of court to give an appropriate decision in
an case. Fundamental legal structure is based upon these statutory laws only.
Evaluate effectiveness of legal system in terms of recent reforms and developments
Laws in UK has been enhancing from very long time and has resulted into development
of laws with keeping people safer within an society. Due its slow process of evolving it consists