Business Law: Legal System, Sources of Law, Role of Government, Statutory and Common Law

Business Law

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Explanation of the legal system, different sources of law, the role of government in law-
making and how statutory and common law is applied to businesses...................................1
How statutory and common law is applied to businesses......................................................2
A critical reflection of the legal system using examples to demonstrate strengths and
weaknesses.............................................................................................................................3
Explain company, employment and contract law in brief......................................................3
Differentiate legislation, regulations and standards of business............................................4
Critical evaluation of legal status and system........................................................................4
Legal formation of different organisations.............................................................................4
Explain managing and funding of different organisations.....................................................5
Advantages and disadvantages of several organisations........................................................6
TASK 2............................................................................................................................................7
Brief overview of Contract law, employment law, Company law, etc..................................7
Salient legal points of each case;............................................................................................7
Suggest an appropriate legal solution to each of the problems..............................................7
Provide justification for the advice and solution given;.........................................................8
Compare & contrast the effectiveness of these recommendations given in your presentation8
Critically and evaluate the use of the appropriate legal solutions suggested in comparison with
alternative legal advice...........................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
United Kingdom is a multi-division government country where citizens are given several
rights, rules and remedies in their legislation. It’s very diverse in nature which makes it exciting
to amend or create new laws in country. Business law is also most important division especially,
for business organisations. These provide guidelines to perform several tasks of business and
make it to full-fill all legal procedures. Every year the royal queen gives a heart-warming speech
on occasion of government making programmes for current assessment year. This speech known
as “speech from throne “also has guidelines and help other legal bodies an idea to follow up
correct procedure. This report consists of several divisions of business law in brief and detailed
submission. Adding to this various sources, methods and techniques used by business
organisation in several circumstances.
TASK 1
Explanation of the legal system, different sources of law, the role of government in law-making
and how statutory and common law is applied to businesses.
Legal System of UK is so powerful where they take each and every decision of own. Final
decision to commence any of the new law is in the hands of Queen where she needs to pass the
bill which has been proposed by Parliament House. Law in UK is divided by geographical
partitions but its ruled by four sources of laws, these are categorised accordingly and each covers
different aspects of law:
Legislation: It’s the power house of creating, repeating and deleting a law, which means it
has several powers and multiple workings which will ultimately cooperate with legal sections
and working procedures. It’s one of supreme bodies in country which coordinates with all
divisions of laws in nation. Legislation is divided into two parts which are primary legislation
and delegated legislation. It’s a supreme law making authority apart from European union,
updated legislation has legal bodies which have authority over parliament to make laws.
Common Law: This division is also very important aspect of law making, principles made
in old case laws are accuracy to law. In case, parliamentary it shall create a big view of
perspective. This common law has been in history before development of much known judicial
system. In kings ruling, king was the part of highest hierarchy and laws passed by him were
made laws and were followed by whole area ruled by them. Common laws are very much
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popular and one of most followed law, it distinguishes each law to be different and sometime
some really extraordinary laws or opinions become an act in parliament.
European union: this union was created for benefit of citizens; it needs was realised after
WWII. People started civilising again but this union was created to not affect each other. This
consists of twenty-eight countries and due to this all these countries have a dominating market
globally. This union gives a benefit in controlling the market as well since most developed
countries are part of it, it provides global dominance. Also, the concept of creating this union
was to end wars between all countries and promote peace.
European convention of human rights: This conventions sole purpose is to spread and
support peace in all countries. The basic need of having this convention is to create and produce
a better living environment for everyone and cultivate progressive countries. This union
especially takes care of implying human rights laws and norms properly within business
organisations and different sectors as well. human rights are one thing which are very diplomatic
and these changes with several new amendments to make with the changing society.
The process to form any of the new law is complex within UK where government have to
monitor each and every sections. The process starts by filing the bill within the Parliament
House. Then, it is sent to first reading in which title to the bill is given. Discussion is to be done
in second reading that whether bill should be entertained or it should be dismissed. In committee
stage, bill is discussed that what are those point where changes are needed to be done. The
member of report stage changes the points which are marked by the committee stage. Finally, in
third reading voting is required to be done to determine that how many members are there who
agrees on the bill to commence as a new law. Then, there is the House of Lords in which peer
member conducts all of the steps again to find that whether still errors are there or not. At the
end, approval is required from Queen under the Act Royal Assent Act 1961.
How statutory and common law is applied to businesses.
Statutory law: It’s the law provided in written format produced by the legislation of
United Kingdom. The basic principle it works on is that its applied by judges, its wordings are
used by them and its workings in the justice court. Since, it cannot be justified for a profitable
outcome its always used in simplest form.
Procedure of application in justice court: this procedure can be explained through an old
case of the year 1836 R vs. Harris in which accused bit nose of victim and in law it was
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