Essential Sources of Law and Business Organizations in the UK

Business Law

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Essential Sources of law applied in UK.................................................................................1
P2 Role of government in law making........................................................................................3
TASK 2............................................................................................................................................4
P3 Analysing some of impact associated to contract, company along with employment law
that are significant for business...................................................................................................4
TASK 3............................................................................................................................................5
P4 Explaining major types of business organisations that are formed legally............................5
P5 & M3 Management and funding of business organisations...................................................6
TASK 4............................................................................................................................................8
P6 recommend legal solutions for range of dispute.....................................................................8
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Law is a word that possess different meanings when used at different times. Law is
defined as a body of rules of action or conduct by controlling authority that have some binding
force on them. Law must be obeyed and followed by citizens subject to sanctions or legal
consequence is a law. Legal system of UK consist various laws that governs different issues
arises in the country (De Luca, 2021). These laws helps in bringing peace, preserve individual
rights and promotes justice to every person. Business law is a small part of the large legal system
in UK that helps in governing all the business activities taken place in the country. Business
environment has changed over the past years and this change highly demand rules, policies and
regulations to conduct business in legal manner. Formation of law is quite a long process that
needs quality information and precise decision as these laws are going to affect public at large.
Having a legal system in the country is important as it helps to provide guidelines as to what is
accepted in the society. Business environment is changing day-by-day and to cope with these
changes it is important to understand business law to avoid legal hurdles.
This project report consist information regarding various sources of law through which it
is formed. Role of government in law formation and types of business organisation that can be
formed to conduct business operations. Management and funding of business formation with
legal solutions available to disputes arises in business.
TASK 1
P1 Essential Sources of law applied in UK
United Kingdom of Great Britain consist of four countries England, Scotland, Northern
Ireland and Wales. Laws that are formed in UK are not mandatory to apply over all the four
countries, some applies to one or some applies to two or three. It is seen that the law either
applied to whole of the UK or to England and Wales (Lynch, Cygan and Whitaker, 2020).
Application of law is secondary but formation of law is the first priority. Sources of law act as
information that helps in designing a law and then representing this as a bill to the parliament.
This bill to become a law is required to pass in both the houses of parliament with royal consent.
Laws is formed through various information and this information is collected through different
sources which are as follows-
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Illustration 1: Sources of law, 2015
Source: Sources of law, 2015
Legislation: The UK does not have a single written constitution, it is described as partly
written and wholly unconfined. Laws that are passed in the parliament are the large part of
written legislation in the country. Laws are defined in the form of legislation which is applied to
whole UK. It is commonly said that “Parliament is Sovereign”. This means that parliament is the
highest authority to pass any law in the country (Schwemer, 2019). Most important piece of
legislation are Acts of parliament. These are considered as important source as any change is
quickly reflected through this source of law formation. When information is provided and bill is
passed the UK parliament which is the principal legislation of the nation passes law for the
country.
Case law: Decisions of the court that are reported in the publications are known as “Law
Reports”. These decisions of the court are considered as fundamental, primary source of law
formation. A law will be considered as successfully developed when the information in the
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