Different Sources of Law in UK

Unit 7 – Business Law

Table of Contents
INTRODUCTION...........................................................................................................................1
SCENARIO 1...................................................................................................................................1
Task 1: Different sources of law in UK......................................................................................1
Task 2: Role of government in the process of law-making........................................................2
Task 3: Application of statutory and common laws in UK courts..............................................4
Task 4: Impact of company, employment and contract law on businesses................................4
Task 5: Explanation of the key legislation, regulations and standards that a new business
needs to be aware of....................................................................................................................5
SCENARIO 2...................................................................................................................................6
Task 2: Management and funding of different business organisations.......................................7
Task 3: Advantages and disadvantage involved in formation of different types of business
organisations...............................................................................................................................8
Task 4: Recommendations for resolving disputes using alternative dispute resolution..........10
Task 5: Compare and contrast different sources of legal advice and critically evaluate the
effectiveness of legal solutions.................................................................................................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Laws are defined as a system of rules that are applicable on a particular country or
community so that a standard can be established in order follow some set guidelines. Laws in the
society has evolved over a period of time so that issues relating to unethical practices, crime,
business activities and various other areas can be resolved. Laws are controlled and enforced by
a controlling authority in the country. English legal system is one of the oldest among all and
served as a basis for all other legal system in different nations. Laws and regulations in UK are
specifically applicable to different sectors. In order to govern business organisations in the
country application of business law is made (Beatty, Samuelson and Abril, 2018). This law
controls and directs formation and governances of businesses which are established in different
forms.
The report consists detailed elaboration regarding different sources of law in UK and role
of government in the making for the nation. Impact of law on different businesses with formation
of different business in legal manner is defined. Management and funding of these business
organisations are made with appropriate legal solutions for various business disputes in this
project report.
SCENARIO 1
Task 1: Different sources of law in UK
Laws and regulations of a country can not be established over night it takes several years
for development of a effective legal system in a country. In UK evolution of the legal system is
introduced and made over a period of time and there are number of sources considered in order
to formation of laws for the country for various sectors. Formation of laws are derived form
different sources which are defined as follows-
Legislations: These are termed as act of parliament that are legally passed as per set
process of law making in parliament of UK (Cameron and Pagnattaro, 2017). Act of parliament
are termed as the most important piece for the formation of different laws in the country. In UK
all the laws are passed by the principal legislature of parliament which is based in London. Here,
both the houses gives their majority concern to proposed law and after receiving royal consent a
proposal is turned out to be a law for the country.
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Treaties: When a nation become a member of any group or union which works to
regulate businesses at global level. Then all the laws applicable in the treaties of the union
become applicable to all the member states. These treaties served as a basis for formation of
legal system in the country. For example- UK is the member state of European Union and laws
of this union are also applicable on UK.
Common laws: These are the rules and regulations that are established so that all the
activities in the nation is accomplished in legal manner (Cameron, 2017). For example- a
common rule to read all the documents before signing needs to be followed for own safety.
Case laws: Certain rules are established on the basis of judgement provided to a
particular case that has held earlier. Verdict of the various cases are termed as an effective source
of law in the country. For example- in MPC V Caldwell case [1982] case it was held that any
act committed recklessly then it will be termed an criminal act and will be covered under
Criminal Damage Act 1971.
Task 2: Role of government in the process of law-making
Formation of laws in UK is performed by the parliament but all the supporting required
to make a law in the nation is provided by the government of the country. Government is
involved with general public through different departments and is more aware regarding
improvement in the laws and requirement for new laws in the country. Representatives of the
government are available in both the houses of parliament. In house of commons and in houses
of Lords. Members of the political parties are available in both the houses and discussion among
them for formation of laws takes place (Crane, Matten, Glozer and Spence, 2019). Government
of UK is available with accurate information of the economic conditions and legal system. To
improve quality of the UK's legal system various laws are proposed by the government in the
Parliament. This proposal is made as a bill which consist all the information for requirement of
the law and expected results that can be generated form application of the proposed law in the
country.
When law is proposed in the parliament then it can be presented to any house to make the
first reading. A suitable title is provided to proposed bill in the first reading. After successful
completion of the first reading bill is passed for second reading where general discussion is
made among members. After that bill reaches to the committee stage where point of view of
each member is evaluated so that requirement for changes in the proposal can be identifies. In
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