Business law

Business Law

TABLE OF CONTENTS
Business Law...................................................................................................................................1
TABLE OF CONTENTS.................................................................................................................2
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Explain and elaborate the different sources of law...........................................................3
P2: Explain the role of government in lawmaking and how statutory and common law is
applied in the justice courts....................................................................................................4
M1: Evaluate the effectiveness of the legal system in terms of recent reforms and
developments..........................................................................................................................5
TASK 2............................................................................................................................................5
P3 Explain by using examples, how company, employment and contract law have the
potential impact upon business...............................................................................................5
M2: Differentiate between legislation, regulations and standards to analyse potential impacts
upon business..........................................................................................................................6
TASK 3............................................................................................................................................6
P4 Explore ways in which different types of business organisations can be legally formed. 6
P5 How business organisations are managed and funded......................................................7
M3: Assess the advantages and disadvantages of the formation of different types of business
organisations...........................................................................................................................8
TASK 4............................................................................................................................................9
P6 Recommend various legal solutions that are available to resolve range of disputes........9
M4: Compare and contrast different sources of legal advice and support for dispute resolution.
..............................................................................................................................................11
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................12

INTRODUCTION
Business law covers to be an important source of civil law, as to covers out am important areas
an element though which various business and the firms use to carry the business. It has various
laws that are being included in it they are like contract law, employment law, company law and
many more. As for all the business practises and to frame in an agreement there is being used the
help of contract law(Novák and Darmo 2019). Whereas, the employment law helps out to protect
the rights and the duties of the employees and the employers. It also helps out to regulate all the
laws and the regulations being made for the employees. This report will further cover all the
nature and various legal system that are being use in the business organisation, the impact of the
business law and with that various dispute resolution in order to maintain the proper business.
TASK 1
P1 Explain and elaborate the different sources of law.
English law covers out all the rules which are being followed by all the legal system that
governs out all the civil and the criminal law that is being administered in the England and
Wales. There are various legal doctrines that are being considered in the civil law legal
system. Mainly there is being considered to be the part of various 2 classified source of law
they are as follows:
Primary source this is mainly the original sources which are being made in authoritative
and are as follows:
 Legislation- These are the law made by the supreme authority of UK. As there is no
written constitution in UK it covers various aspects through which all the law over
there are partly written and partly codified and legislation are the superior in law
making.
 Case laws- These are mainly the laws which are being made by the decisions of the
higher courts. These are mainly being published in the law reports, and the decision
of the judges is being taken into record and such decisions are the binding source of
law (Peterson and et. al., 2016).All the future cases and the laws are the important
decision as they being implied in all the courts and the judgement of the other
subordinate courts.

Secondary sources – This is mainly the commentaries of law and it covers the following
such as:
 Law Journal- It is mainly the case commentaries that help out in understanding and
elaborating the legal issues. There has been various articles and case that is being
covered in it.
 Legal Encyclopedia- In order to make a research in law this has been used as it has
all the key points and issues with various cases in all the research. For instance,
Halsburg's Law of England and Wales(Schwarz and et. al., 2017).
 Textbooks- It consists of all the legal matters and the topics that are being made for
the students as in order to make them learn better.
P2: Explain the role of government in lawmaking and how statutory and common law is applied
in the justice courts.
Parliament is an important area which maintains all the government and elected politicians to
meet as in order to decide about the law making as for the welfare of the country.
A bill is a kind of draft that is being made in order to change or frame the existing law.
As the bill is being proposed by the House f Common and the House of lords and there are
various stages for it which are as follows: First reading- In this stage bill is being introduced and read out. Second reading- In this all the discussion and the debate are being started of the bill. Committee stage- In this stage all the detailed scrutiny is been seen as their is being
checked that is there is need for any changes and the voting is being made throughout for
that(Miklian and et. al., 2019). Report stage- All the important changes are being made again as in order to maintain the
proper amendment. Third reading- In this stage all the loopholes are being covered so as to check out all the
necessary areas of changes.
 Consideration of amendments- As all the important changes is being made there is being
framed all the amendments and it will be sent to the royal assent in order to make it. If the
bill is being accepted then it will be changed. It is called as Ping pong.
 Royal assent- When the assent is being given then it will be sent to Monarch and will be
applied to whole of UK.