Business Law Introduction Report - Business Law in the UK Context

This report provides an introduction to business law, exploring its sources, the role of government in law-making, and the application of statutory and common law within the justice system. It examines the potential impact of company, employment, and contract law on businesses, using specific examples to illustrate key concepts. The report differentiates between legislation, regulations, and standards, analyzing their effects on business operations. Furthermore, it offers a critical evaluation of the UK legal system and its influence on businesses. The report covers primary sources of law like case law and legislation, and secondary sources such as legal encyclopedias and textbooks. It also provides a detailed analysis of the government's role in law-making, including the executive, legislative, and judiciary functions. Specific examples are provided for how business is impacted by law. The report concludes with an overview of business law, highlighting its significance in guiding business organizations and ensuring ethical operations, and providing insights into how the legal system affects businesses. The report also refers to the Companies Act 2006, Employment Act 2002, Equity Act 2010 and Employment Rights Act 1996, and the Sale and Supply of Goods Act. Finally, it differentiates between legislation, regulations, and standards and provides an analysis of the legal system.

BUSINESS LAW

INTRODUCTION...........................................................................................................................4
TASK 1............................................................................................................................................4
P1. Explain different sources of law............................................................................................4
P2. Explain the role of government in law-making and how statutory and common law is
applied in the justice courts.........................................................................................................5
TASK 2............................................................................................................................................6
P3. Using specific examples illustrate how company, employment and contract law has a
potential impact upon business....................................................................................................6
M2. Differentiate between legislation, regulations and standards to analyse potential impact
upon business...............................................................................................................................7
D1. Provide a coherent and critical evaluation of the legal system and law...............................7
CONCLUSION................................................................................................................................8
REFRENCES...................................................................................................................................9

INTRODUCTION
Business law are those set off provisions which has been formed to guide business
organization and helps in governing it in broader manner. Also these are those set of rules and
standards which has been formed in order to develop discipline order within an organisation.
This is helpful can business run in more organised manner and providing selling of goods and
services. The assessment covers about sources of law container making and impact of laws over
a business organisation. Scope of these laws is wider as they impact business organization
functions in more effective manner. Nature is dynamic as it can make goals and achievement
possible. In this report things covered is based upon different sources of law and India and
various laws as being covered which is related to organisation functioning.
TASK 1
P1. Explain different sources of law
English legal system is one of the most widely used legal system prices of various rules
and regulation that helps in governing of individuals and business organisation. In this precise
knowledge of law is required gain or loss attachment form and for this purpose various sources is
been used. These resources is divided into two categories that is primary and secondary has been
explained as follows:
Primary sources: These are the sources which provide original content and apply over
law formation process. Produces an excellent as follows: Case law: They are based over decisions and legal principle which is been passed by the
judges and is present in the form of report.
 Legislation: in this proper process is followed by the parliament of United Kingdom in
order to form its laws. A contained House Of Lords and house of commons kuch solution
governing rights within the setting (Reimann, M. and Zimmermann, R. eds., 2019).
Secondary sources: These are the sources that is extracted from secondary information
or secondary facts has been explained as follows Legal encyclopaedias: This all three law of England is been applied which is been used
in order to understand various kind of terms used within laws.
Parliamentary non parliamentary Publications these are those documents which has been

passed by UK Government add contains tourist destination which is been passed by
parliament of UK. Parliamentary and non-parliamentary publications: These are those documents which
has been passed by UK Government add contains tourist destination which is been passed
by parliament. Law commission: It is the commission which is been used with the UK Government in
order to provide the reports regarding the amendment and it impact on society.(Tushnet,
2017).
 Textbooks: This is based over laws in order to gain knowledge about then in more
precise and appropriate manner. Also it helps interpretation of various kinds of was in
more precise manner.
P2. Explain the role of government in law-making and how statutory and common law is
applied in the justice courts
Government is very important route to play san off policies and plans order to make for
the Welfare of society is being done. Along with this law becomes more imperative in nature.
Proper processes followed by government in order to make law formation possible in a country.
Role of government is divided into three parts which are explained as follows
Executive role: this is one of the most important form of roll business execution of
policies all over the country possible. Protection and enforcement of legal provisions more
effectiveness and maintaining the quality within rules and regulations.
Legislative role: this is one of the most important roles which is best over law formation
process used within UK. Enforcement of legal provisions is been done by using free stage
reading process. In legislative House Of Lords and house of commons is been covered royal
assent that has to be provided by monarch (Härkönen, 2018).
Judiciary roll: this is also one of the most important role which is been played by legal
authority existing within country. In this various kind of course is been covered and has been
given power of jurisdiction within which the deal over particular case.
Also there are two types of laws which is been used in order to maintain statutory and
common laws which helps in protecting jurisdiction over particular cases. There are two main
types of language which is statuary and common law they are explained as follows:

Common law these are the laws that is been used in order to amanda legislation judgement
passed by judges.
Statutory laws these are those which are permanent legislation and laws passed with the help of
Parliament process and governs all right related to citizens. These are applied within various
proceedings of the c o u r t
TASK 2
P3. Using specific examples illustrate how company, employment and contract law has a
potential impact upon business
UK government has implemented different laws for regulating business organization.
These legislations may have potential impact upon the business which are as follows:
 Company law: Company l a w these are the laws that introduced in order to help the
incorporation process of business organisations and discovered within Companies Act
2006. These law provides information of rules and regulations required to be followed by
an organisation in order to achieve its goals and objectives and an itself in peaceful
manner without any legal issues. If a company is not able to follow this loss then to wind
up. For example cgd private Limited best fund to crowd funding but fails to use this one
what the interest of the company which has be mentioned within prospectus. So now the
organisation can be s u e d.
 Employment law: Employment laws these are those laws which is been used in order to
protect the rights and liabilities employees working within an organisation. Also in this
class secured working environment is provided to employees which helps in maintaining
true spirit of corporate laws. These laws are covered under employment Act 2002 equity
act 2010 and employment rights act 1996. Understood with the help of example that if an
employee has been rest in relation to his colour by his higher official. Then they can be s
u e d under these laws(Saad, Farouk and Kadir, 2020).
 Contract law: Every organization has to enter into different contracts throughout their
business for carrying out transactions and dealings in a lawful manner so that legal
obligations can be avoided. These are a required part in every organizations because
every transactions is regulated by terms and conditions mentioned in the contract. UK

government has not enacted a separate legislation for this purpose, instead these are
governed by Sale and Supply of Goods Act. Contravention of any terms and conditions
will give the right to revoke or cancel the contract. For example, a contract has been
entered by ABC Ltd. With its suppliers, in which it failed to make the payment within the
stipulated time, hence, such contract can be revoked by the suppliers (Valos and et. al.,
2018).
M2. Differentiate between legislation, regulations and standards to analyse potential
impact upon business
Legislation: This has been made by government true following properties by presenting
bill in both the houses and then queen assistant is maintained over which makes it become
permanent legislation. Also legislation are permanent laws which is been followed within
country or is applicable over every individual living within the country.
Regulations: These are those set of rules which has been formed by using administrative
rules and regulations. Such rules is been followed within an organisation and its been formed by
the senior most member of it cost of its application is mandatory within an organisation and
various process related to it.
Standard: These are those guidelines which is been followed with another company in
order to maintain ethical code of conduct within its various process. These are being
implemented within an organisation in order to make sure that discipline in order is maintained
within the organisation what's up it helps in maintaining good business environment.
D1. Provide a coherent and critical evaluation of the legal system and law
Legal system of a country is required to be very effective in nature. Provide judgement
in order to deal with crimes taking place within society. Legal system of our country is divided
into three major parts making process done in legal and authorised manner. These parts are
legislation law process of checking legality within a law. UK legal system is outdated animated
very long time so that the loss from within as per modern standards of Justice replica system is
not appropriately correct and transparency of justice is going to college which is going to result
increase in crime and disobedience within the society or a country(Yeoh, 2017).

CONCLUSION
From the above discussion it can be concluded that business laws are the laws that is been
formed in order to help in guiding and Organisation perform its trade activities in more effective
manner. These laws provide wider scope and dynamic nature tour and business organisation. In
this file things to be covered is best over sources of law no formation process within UK. In the
end laws related to within an organisation is being covered. About various kind of laws which
makes organizations goals achieved in more organized manner.

REFRENCES
Books and Journals
Allen, W.T., 2016. Our schizophrenic conception of the business corporation. In Corporate
Governance (pp. 79-99). Gower.
Baker, C.M., 2019. Incomplete Clearinghouse Mandates. American Business Law Journal, 56(3),
pp.507-581.
Ede, O.C., 2017. Obstacles to firm performance in Nigeria: Does size matter?. Journal of Small
Business & Entrepreneurship, pp.1-22.
Härkönen, E., 2021. Conflict minerals in the corporate supply chain: is transparency the solution
to human rights violations in the tantalum, tin, tungsten and gold supply chains?.
European Business Law Review, 29(5).
Saad, R.A.J., Farouk, A.U. and Kadir, D.A., 2020. Business zakat compliance behavioral
intention in a developing country. Journal of Islamic Accounting and Business Research.
Valos, M.J and et. al., 2019. Integrating online communities within business-to-business
marketing communications: an exploratory study. Journal of Marketing Communications,
24(5), pp.450-468.
Yeoh, P., 2020. The fourth industrial revolution: technological impact and privacy and data
security issues. Business Law Review, 38(1).