BUSINESS LAW INTRODUCTION 3 TASK 14 P1. Meaning and Purpose of Law

BUSINESS LAW

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................4
P1. Different sources of English law...........................................................................................4
1. Meaning and purpose of law..............................................................................................4
2. Evolution of legal system...................................................................................................4
3. Sources of Legislations......................................................................................................4
4. Various acts that are required to be complied by the organisations ..................................5
P2. Role of government in law making.......................................................................................6
1. Difference between common, statutory law and equity.....................................................6
2. Difference between contract and company law..................................................................6
3. Role of Government in law making........................................................................................7
TASK 2 ...........................................................................................................................................8
1. Meaning of employment and contract law.........................................................................8
2. Effect of contract as well as employment law on Business ..............................................8
3. Explaining the way employment in relation to hiring and firing is defined.......................9
5. Explaining the way employer as well as employee relationship interact with
employment law.....................................................................................................................9
TASK 3..........................................................................................................................................11
P4 Appropriate legal solutions for a range of business problems............................................11
P 5 justification related to the above legal solutions.................................................................12
TASK 4..........................................................................................................................................13
P6 Different legal framework....................................................................................................13
CONCLUSION .............................................................................................................................14
2

INTRODUCTION
The business law includes legislations which purpose is to govern the way organisation is
established and regulate business activities. Commercial law governs all the aspects of business
such as manufacturing, selling of products or services, financial transactions, etc. Another
purpose of creation of regulation or legislation is to assist organisation in solving various
problems. The laws in UK are developed for governing as well as regulating organisation
operating business activities in England and Wales.
The purpose of report is to highlight objectives of legislations in UK. It also emphasizes on the
evolution of English laws. Project also has to focus on identifying the effect of several norms on
business.
Please always start your next task on a new page each time after an
introduction.
3

TASK 1
P1. Different sources of English law
1. Meaning and purpose of law
Legislation refers to combination of code of conduct which is created by legal authority
in country with intention to bring improvement in business system. Business law is required to
be complied with the persons or entrepreneurs who are planning to establish new business
venture, executing business operations, etc.
2. Evolution of legal system
The English legal is founded on over 900 years of law practice in United Kingdom. There
has been tremendous change in legal system over a period. During 1066, in the rule of King
William I, the Anglo-Saxons were free to follow the extant legislation. It was not until the 1200
in the rule of King Henry that a centralised system of common legislation was constituted. This
is the same ‘Common Law’ that very much prevails in present scenario. Perhaps, it is
persistence of same working law over period of so many centuries that legal system of United
Kingdom maintain its value One of impressive facts of British law is that legislation from
traditional times is still considered valid to level that some norms are also re-established by
creating as well as passing new laws. Objective of several regulations or legislation is legal
system is to restrict unfair completion and limit the unethical trade practices. Another purpose of
creation of these norms is to assist organisations in identifying the appropriate solutions for
resolving commercial disputes (Cameron, 2017)
3. Sources of Legislations
There are various sources from which several laws in English legal system have been
evolved. These are primary as well as secondary law, case law, parliamentary conventions and
Common law, etc.
Primary legislation - It is also recognised as statutory legislations which have evolved in the
form of act of parliament, actions as well as measures introduced by Scottish parliament and
statutory code of conduct of the Northern Ireland Assembly.
Secondary legislation – It is also known as delegated law in which the authority is given by
parliament to government related to formation of legislations.
4