Business Law: Sources, Role of Government, Effects on Business, Legal Creation of Enterprises, Management and Funding

Business Law

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
P1. Sources of law.......................................................................................................................3
P2. Role of government in law making and application of common and statutory law in
judicial courts...............................................................................................................................4
P-3 Concrete examples show how corporate law, employment laws and contract laws have a
possible effect on business:.........................................................................................................6
P-4 Discuss how various forms of business enterprises are legally created................................7
P-5 Describe how corporate enterprises are managed as well as funded....................................8
P-6 Recommending legal remedies to a variety of issues using cases to illustrate specific legal
aspects for each particular instance;............................................................................................9
CONCLUSION..............................................................................................................................11
References......................................................................................................................................13

INTRODUCTION
Business law is the branch of the judicial system to control financial transactions in a
corporate enterprise for carrying out operations. It is beneficial to operate the organization
efficiently and legitimately (Armour and Sako, 2020). In addition to the key legal regulations,
there are laws that are less relevant but carry less significance. It refers to multiple types of
organizations, which may be a corporation, a collaboration group, and so many more. In contrast
to this, fines and damages are also issued in the event of violation of any of the rules of business
law. This article examines legal framework clarity along with intelligence sources and functions,
accompanied by the interpretation of procedural and common law in judicial courts. In addition,
a company's numerous regulatory formats and their administration, along with how they are
financed, have often been mentioned in the effect of the consequences of different forms of laws
and legal remedies for business issues.
MAIN BODY
P1. Sources of law
The English justice system is based on a common constitutional system that, for the portion
available in printed form, has laws specifically. It has a legal system of its own, separated into
civil or criminal divisions (Bovis, 2020). It has been recognized by numerous countries as a basis
for improving the legal system. Several laws and legislation are included in this as part of the
announcement. In other words, it has grown, expanding its reach. There are various kinds of
documents that can be found in the English legal system for interpreting the operation of statues.
Of these, several are as continues to follow:
Primary sources- Such records are all first-hand evidence in the initial state that has been
preserved without any modification or extension. Under, these have all been given:
Case law- Case law is a series of prior judicial rulings taken up by judges and related judges in
situations where in the statute has been analyzed, using these cases to address uncertainties in the
decision-making phase of current litigation. Such previous rulings are referred to as "case law" or
precedence. This is among the most credible references that include rulings in numerous
instances provided by the judiciary. This is contained in a documentation form that can be used
to delete from the legal requirements any concerns.

Legislation-There are governmental bodies that have introduced separate forms of legislation for
the section of the legislation that is accessible in printed form. Statues and regulations regulating
the actions of persons resident in the United Kingdom.
Secondary sources- In addition to making the legislation convenient for all to comprehend, the
evidence from the key sources is described. This is as shown below
Legal encyclopedias- There are many various types of reference books that contain legal terms
knowledge such that clarification can be obtained in order to learn from them. The England and
Wales rule of Hals bury is the chosen legal academic journal.
Publications- This involves debates and speeches made by parliament members. Some
important points on the legislation to be enforced are illustrated. There are also non-
parliamentary journals containing the papers that government departments issue.
Law commission- The parliament of the UK has set up a committee to evaluate the laws that are
relevant within the jurisdiction (Ansari, 2019). To strengthen the current justice system, they
make proposals and guidelines. Proposals are submitted to relevant parties and the general public
to receive their consent.
Textbooks- There is the books published in elementary schools for students in learning. The
vocabulary used is very simple to understand by numerous scholars and has already been
translated. For a person to try, it is easily available.
P2. Role of government in law making and application of common and statutory law in judicial
courts
By introducing separate actions and guidelines for regulating the activities of people as well as
corporations, legislation plays a significant role in law making. Its function has been split into
three groups that have been explained below:
Executive role- This position is related to the operation of evaluating the planning and
enforcement within the nation of current legal requirements. The Queen, the party leader and
other cabinet members are members of this board (Williams, 2018).
Legislative role- In Parliament viz, there is two chambers. The House of Commons or the House
of Lords are responsible for introducing bills for their translation into measures of parliament.
The actions of persons residing in the country are governed by laws passed. There are sanctions
and fines that can be levied for improper actions.