Sources of Law, Role of Government, Impact of Laws on Business, Legal Business Organizations, Funds and Business Management, Dispute Resolution

This document provides an overview of various sources of law, the role of government in statutory and common law courts, the impact of company law, employment law, and contract law on businesses, different types of legal business organizations, funds and business management, and recommendations for resolving disputes. It covers subjects related to business law and is suitable for courses in law, business management, and related fields.

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Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Explain various sources of law..............................................................................................3
P2 Role of government and the methods to apply in statutory and common law courts............4
P3 Impact of company law, employment law and contract law on all the business and
organization.................................................................................................................................6
P4 Framing all the legal business organization and its types.....................................................6
P5 Funds and the Management of Business................................................................................7
P6 Recommendation through which various disputes can be solved.........................................8
CONCLUSION ...............................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Business law provides all the rules and the laws that raw being made for the benefit of the
organisation in order to carry smooth business in a ethical manner. It covers certain rights with
the duties that has an impact on the company and it covers all the methods which makes the
organisation to work efficiently(Breyer,2017). Commercial law contains the rights and the duties
that can make the company to work in a ethical manner and thus it provides that all the areas and
the working of the company will there by made on the trading and the merchandise way. The
Company law contains the general rules which covers the dissolution of the matters and also the
corporations rules that helps the companies to frame the matter in proper way. This report will
cover all the various sources of law with the varies employment law, agreements and also the
rules and regulations with an on going recommendation.
TASK 1
P1 Explain various sources of law.
Law is the generally the set of rules being made by the legal authority in order vto make
the work done and set it out through all the areas and for all the individual. It mainly covers
certain rights and the regulations that are important for any organisation and also for people. This
is mainly being made by the government or the law making bodies. It do create a binding affect
on all. And are important for all the individual, countries and organisation.
There are usually 2 main sources of law they are as follows:
Primary Source in Law Legislation- The law which is being created in a primary source is through
legislature(Zarrabi,2017). As this is not in the written form but all the rules and the law
made by the legislature creates a binding affect on the parties and they covers all the
methods of rules which are being embodied by the government. Treaties- It is the formal and the written method which is being framed by the states in
order to create the international agreements in the parties. The treaties usually covers all
the binding agreement on the individuals. The treaties when being framed create a

binding affect on the individuals and provide the international relations with all the varies
countries,
 Case laws- The judicial precedents or the decisions that has been given by the courts or
the superior courts in order of any conflicts and issues that will be amounted as the case
laws(Syaufi2020). These creates a binding affect on all the lower courts as in order of
framing judgement all the judges will have to look out the case laws decided earlier.
Secondary Source in law Law Journal- It covers all the important information that is being made by the people in
order to make certain work in various fields. The journals are usually being made in order
to get the essential information that is being required in order to frame any law. Textbooks-The legal content which is being written by the authors in order to give it for
the students so as to grasp the relevant information. The books that is being made
contains all the secondary information with the case laws, acts and illustrations that are
important for any individual.
 Directives- This is the method through which the information is being made and set by
various authorities in order to make any rules or law that are important for any
organisation. It covers all the legislative issues that use to help the people for their
benefit.
P2 Role of government and the methods to apply in statutory and common law courts.
The UK is being covered with all the government bodies. It has mainly house of common
and house of lords(Shapovalova2021). In which House of Common is the body which has
been ,made by the government and the House of Lords use to be elected on the working and
skills of the persons. The House of Lords has been made up by various important stages: First Reading- In this stage the bill is been set out in order to make the certain names that
are to be carried out by the person in order to work in varies areas and manners. The
names which are being decided will be read out and is introduced in house of lords. Second Reading- This stage covers all the necessary areas that are needed to be framed
and changed and in this the bill is being read out in order to change the framed areas. Committee Stage- In this stage the bill will be presented on the desk and all the necessary
areas that are important for the amendments will be presented the members of the house

of lords will also be present in this time and all the general voting will be made in order
to implement as the new changes will be for the welfare of the people. Report Stage- It is the final stage for all the changes sop all the individuals being present
over their will specify general changes that are important in their framing. Third Reading-In this the final reading will be made as the report will be read out so as
all the loopholes and the changes that are needed and the mistakes can be checked before
making it presented in front of all(Ruban 2019). Consideration in Amendments-This stage will cover all the changes which were being
made are to be marked and the report after that will be presented to the house of
commons then may after that will observe it as in the case that if they want to accept the
bill or not and if in case they are not accepting the bill then the whole session will be
repeated again in varied manner. This is called as ping pong.
 Royal Assent-When the bill is being passed by both the houses and all the conditions
being framed is applied then that will be accepted and all the rules will be made for the
general public.
Judicial Organization
UK usually have certain areas that are important for all the precedents and for their
judicial system(Chaffey 2019). They mainly have all the superior courts and the subordinate
courts in which the superior courts deals with all the final appeal that are being raised and it
covers all the civil and the criminal matters. The family division court, chancery court, queens
bench are all of the court which use to govern appeals.
The family court, crown court and also the county courts are the most important court
which covers all the matters the appeal is being raised in these courts and they use to provide all
the methods and areas that are important.
Statutory law and common law
All the laws that are being made by the parliament in order for being the law making
body and all the laws that bare made by the legislature use to create the binding affect on all the
individuals and with their rights and the duties being made (Rousseau 1995). No person or
individual can at any time raise any question on those laws and all the individuals will have to
work according to that law.
TASK 2

P3 Impact of company law, employment law and contract law on all the business and
organization.
There are various laws which helps the society and plays an important role for the
organization that covers the major impact on all the companies:
Company law- It mainly prefers all the rules that are being made by the company and the
organization in order to make their work in a proper way and that all the organization
incorporates the body of rules which are needed to be implemented. As all the companies usually
carries the separate legal entity and they provides all the rights of the stake holders that are being
carried out by them. The main and the important decisions were being led by the corporation in
order to make them, as bit more aware about their rules.
Contract Law- This law covers all the agreements that are being framed by any person
in order to make that law(Rahman2018). Their has been seen that when the parties want to make
an agreement inn order to make that work done then that party may enter in a legal engagement
that will amount to contract. It is always being enforceable by law. And the contract law use to
have all the essential elements that are important for all the organization that are offer,
acceptance, consideration and legal intention without this there may not be framed any contract
between the parties.
Employment Law- This law mainly covers all the rights and the responsibilities of an
employee in the company or any organization. Their has been made certain rights and the rules
in order to protect the employees from working. UK mainly covers the Equality act which
provides all the equal pay for equal work. And the employment law also helps in order to frame
certain laws and rules that can make any employee to get protection from certain areas and work.
The wages, rights, working hours, equality is all being covered under it(Deakin 2019).
P4 Framing all the legal business organization and its types.
All the organization tends to make certain business that is being important for all the
person. As all the varies business is being run by the companies who either is a sole proprietor or
the other which is being run by the partners.
The companies tries to frame certain business in all varies methods they are as follows:
Sole proprietor- All the companies which is being handled by the single owner and that
which have all the assets and the liabilities of that company with themselves then that will
amount to a sole proprietor. It mainly covers the sole owner as the person who use top carry the

business alone has all the rights and responsibilities and they solely maintain all the areas that is
being important for them in all the time. The employees working over there are the sole
responsibility of the owner and the revenue which is being to be generated will be covered
through it.
Partnership- In the companies which is being handled by the partners all the rights and
the responsibilities will lie on the all the partners who are incorporating the company(Lyubushin
2018). Their can be seen that when the company is being handled by the partners then no person
can be opt as the sole owner and it is the primary responsibility of all the partners that they try to
make their organization to achieve better place. In case of taking decision for the company all
will have to participate. When any of the partner want to leave the company then that person will
have to discuss that with its various members.
Company- It covers all the sole perpetual succession by an entity. The company is
mainly a single or the separate legal entity which helps to provide all the various means by there
self. The life of the company last long from the member being appointed as in all the members
may be changed and can go but the company will be their forever. The formation of the company
as a separate owner should be done with proper documentation.
It implies that their are two types of companies they are public company and the private
companies all the public companies are open for the stake holders as they can at any time invest
and give their views regarding the companies benefit, and the private companies are being single
handler owned by the director on behalf pf the corporation and all the investment shall; be made
on that company.
P5 Funds and the Management of Business.
All the companies are usually tend to be more focused on how they are going to raise the
funds, their has been seen that the most important element for all the companies is that in what
manner they are going to raise the funds and the ways through which the corporation is being
managed(Kraakman 2017).
Sole proprietor- They as being the single owner of the organization use to cover various
areas and methods through which the funds can be raised. As in this the the owner of the
company tries to make various investments through its savings and can also get the investment
done in proper way through the banks by taking the loans or by their own savings or thre profit
that was raised before.

Partnership-The company which is being owned and managed by the partners will have
all the basic requirements and the legalities with all the members. Their has been analyzed that
all the members who are partners will either make the funds through by themselves by equally
investing in the company(Li 2019). Or they can at any time take the investors or the stakeholders
to provide various funds for the betterment of the company. All these funds which are being
made will be given by all the partners as through the profit or the loss that has been made by the
company.
Company- The companies as being the separate legal entity carries all the load of the
funding on it. As there are mainly two types of companies the public companies use to get the
funds either through the banks or the stakeholders, investors and also through all the persons who
are being ready to invest in the company. The directors and all the members use to make that
decision and tends to focus on the working in proper way.
Whereas, in private companies it is the sole responsibility of the director and the
members that how they are going to raise the fund for the company and through what way they
can make the work a lot more easy and the decision can there by be raised according to the
working and the funding by the directors.
P6 Recommendation through which various disputes can be solved.
In order to solve any dispute the companies can take various methods but in order to get
the speedy trial and also that all the companies can take the help of Alternative dispute
Resolution (ADR). As it is the speedy method and use to give the low cost and ways. It has 4
main types of dispute resolution techniques they are as follows: Arbitration- The arbitration basically complies with the method that is being used by the
companies as in order to make the work done with various methods and means (Leifsen
2017). In this process the companies use to appoint the arbitrator and that person will
there by listen all the disputes and record all the evidences that are taken by them and
after that will give its judgment. Usually the fees for the arbitrator is being given by both
the members and the decision of the arbitrator if were being accepted by the person then
can affect as for binding nature. Conciliation- In conciliation the person who is being appointed will not be familiar to
any of the member and that person will there by listen all the words and the disputes
between the parties and in that mean time it will make them to work as to discuss the

further matter. The person will give its judgment and it will depend on the parties that
whether they want to accept it or not. In case if the parties are ready to accept the
judgment then it will be termed as final otherwise they can take the help of court. Mediation- It has been seen that the person who has been appointed as a mediator will
cover all the power and there will be seen that it complies all the methods and the areas
where they can solve the dispute (Kysar 2018). The mediator will try to resolve the issue
between the parties and that person can there by make the method of working easy as
they make both the parties to settle the matter. The judgment raised will not be the
binding affect on the parties as that will not be written but can be counted as one if there
seems to be comfortable for both.
 Negotiation- This is the cheapest method and in this the person will there by tries to
resolve the issue by negotiating the matter as the main aim of the person is to create the
win win situation for nothing the parties as no person should feel that they suffer any
loss. There can also be made that once the parties are ready for the judgment then they
can at any time make that work to be made final and the decision will then be
documented.
Thus, these all are the essential methods in order to resolve the issues, as this makes the
person or the organization to work in a proper way and to make settle the disputes without
wasting the time and not affecting the relation.
CONCLUSION
In this report it has been concluded that all business law and the regulations and the rules
being made should have to be properly applied to all the persons. Their can be seen that there are
varies sources of law which are important for all the person to follow it. As for instance
legislation, textbooks and many more. The companies and the organisation use various methods
in order to raise the funds and managing the organisation. There are certain right of the
employees and also of the sole proprietor. Their can also be seen that law has given various
methods to solve the disputes such as Alternative dispute Resolution (ADR) this provides the
organization to solve the disputes timely without affecting the relation and terms with the other
organisation.

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