Business environment task 1:

The Principle Characteristics of English Law that Apply to the Business Environment


Characteristics of Business Law

Statutes – A bill passed through Parliament that gets accepted and called an ‘act’. Statutes command or prohibit something, or declare policy and get added and amended to add to a current legislation. It is considered a Primary Authority. Under Statutes there is Case law, which covers law set from opinions from court;

Common law is developed by judges through decisions of courts and similar cases. It is a legal system that gives great precedent weight to common law on the principle that it is unfair to treat the same case in a different way on a different occasion, they both are similar and this is the difference.

Contract Law – A contract binds a set of agreements which the law will enforce. A valid contract that will bear sustenance in court must contain an agreement, an intention to create legal relations and considerations.

EU law - A body of treaties, law and court judgments which operate along side the legal systems of the EU countries. Each individual country still has its own laws.

HASAWA – (Health & safety at work act) an important law which is set to ensure safe working conditions with safety measures implemented. For example, a mechanics garage must make workers wear safety boots. In the event of injuries, staff can sue due to unsafe working conditions, but as health & safety is the responsibility everybody they may not be compensated because they did not comply with the rules. If health & safety is not observed authorities reserve the right to close down or prosecute employers.

How the Law of Contract Regulates Business Transactions

English contract law is an influential body of law which regulates the law of contract. Its doctrines form the basis of contract law across the Commonwealth having much influence on international law. A signed offer and acceptance...