Business Law and Legal Environment
Added on 2020-06-06
13 Pages3503 Words128 Views
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Business Law
Table of ContentsINTRODUCTION...........................................................................................................................3LO1..................................................................................................................................................3P1 Explaining the different sources of law which is needed for business..................................3P2 Role of government in law making........................................................................................5LO2..................................................................................................................................................6P3 Impact of employment law and contract law upon business practises .................................6LO3..................................................................................................................................................8P4 Suggest appropriate solution and range of business problems. ............................................8P5 Providing some justification for the use of appropriate legal solutions. ...............................9LO4..................................................................................................................................................9P6 Recommend appropriate legal solution based upon alternatives advice provided. ..............9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness law is the best key guide to resolve the issues and conflicts between thebusiness. It gives legal solution to parties over a dispute regarding any business issues. Further, italso guides to make any contract or start other business in the country. This report is based onbusiness law regarding European Business School of Management. It is the most popularmanagement school in Europe. On the basis of case, UK government encourage the EuropeanUnion to open a management school in London. This report will further discuss about the laws ofEnglish legal system to know and apply. It helps them to understand the code of conduct foropening new business start-up. It will discuss basic laws of legal solution which is necessary torun the business, impact of law on a business practices and provide some legal solution toovercome from uncertainties. LO1P1 Explaining the different sources of law which is needed for business.English law can be defined as a civil law that has been made for the justice. It containssome legal laws and code of conduct which is mandatory for all who wants to open up their ownbusiness. It is applicable for all kinds of contract and agreement, mergers and partnership. It isdifferent from formal codification. This contains includes that one judges takes all the decisionafter aA53190nalysing the matter and case. English law applicable in such areas like. USA,Australia, Canada etc (Beatty, Samuelson and Abril, 2018).
English law contains the proper hierarchy structure, every decision taken by the law ofgovernment on the basis of evidences. Supreme Court is known as House of Lords. Till 1966, allcourts and legislation bodies were liable to follow the rules and regulations of jurisdictionauthorities (English Law: English Law.2010). At the time when supreme court has issued 1 WLR1234 practise statement, after that few changes has been made. On the basis of virtue ss. 2 and 3of European Communities Act 1972, supreme court is the higher authority legal body recognisedby the higher English authority which is mandatory for all courts to follow their instructions.English system divided into two sub systems criminal and civil. Source of lawThis source of law is very vital it is origin of law. These laws are mandatory to befollowed when they acquire any new business. There are some laws as mentioned below:Jurisprudence: It is the first source of law which has contributed tin for development oflaws. This law defines legal customs, human rights, civil rights and divine rights.Illustration 1: Structure of English LawSource: (English Law: English Law.2010)
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