Business Law: English Legal System, Sources of Law, Role of Government, Legal Formation of Business Organizations, Management and Funding

Unit 7 - Business Law

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
English legal system and law.......................................................................................................3
Different sources of law...............................................................................................................3
Role of government in law making along with its application in the justice court....................4
Legal formation of different forms of business organisation.......................................................5
How business organisations are managed and funded.................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business law have been referred to as the significant aspects to run the business as it is
helpful in keeping the business activities safe and secure in order to accomplish the goals in the
efficient manner (Bell, 2018). The present study will have the discussion of various sources of
making law which have the clear aim in decreasing the illegal activities such as frauds, crimes
and making a safe country. It will also deal with role of government in law making and at the
end, it will deal with legal formation of different forms of business organisations and how they
are managed and funded.
MAIN BODY
English legal system and law
The English legal system is a proper consistency of several rules and regulations. There
is no written constitution in UK rather it is partly written and un codified. This is important for
the citizens to follow the laws and rules as against any level of legal action and lawsuit for the
business and every country have their own legal systems and rules which differ in their manner
which is required to be followed by the people of that country. In the context of UK, it consists
of 4 countries which are England, Scotland, Wales and Northern Ireland. On the other hand,
there are some laws replicable with slight variation (Bishop, 2019). The Parliament in UK
comprises of two houses which are The House of commons and the house of Lords which helped
in formation of the separate houses and the government imposed different state activities. As the
consideration of the example’s European convention of human rights as in1998, the human rights
Act was passed in UK.
Different sources of law
There are several laws which are protecting the people and different business activities
against any type of lawsuit and illegal activities. There are primary and secondary sources and
Some of them are discussed below-
Primary source
 Legislation: These are created by the legislature in order to gives the rights or order to
create the laws. The legal system consists of House of Lords and the House of commons
who have the power to pass the law (Curto, 2018). The Parliament have the supreme
authority to pass any law and no court can question its validity.
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