Business Law

Business Law

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Explain different sources of law and laws that organisations must comply with..................3
P2 Explain the role of government in law-making and how statutory and common law is
applied in the justice courts.........................................................................................................4
TASK 2............................................................................................................................................6
P3 Using specific examples illustrate how company, employment and contract law has a
potential impact upon business. .................................................................................................6
TASK 3............................................................................................................................................7
P4 Explore how different types of business organisations are legally formed. .........................7
P5 Explain how business organisation are managed and funded................................................8
TASK 4............................................................................................................................................9
P6 Recommend legal solution for resolving a range of dispute using examples to demonstrate
how a party might obtain legal advice and support.....................................................................9
CONCLUSION .............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Business is regarded as the commercial activity which is undertaken by the government
or the private individual for a motive of either earning profit or the welfare of the society. Mostly
the common motive of running the business is profit maximisation. Business law is such area
which regulates the working of the businesses in order to ensure its smooth running. It covers
various laws under this which involves contract law, employment law, companies act, data
protection law and many other. The English legal system consists of two laws which includes
statutory and common law (Sewu, 2019). These are made by the government and the judiciary
also plays an important role in law making as it interpret the existing law and make new laws
through case precedents. This report shall cover different sources of law, role of government in
law making, potential impact of different business law and different business organisations.
Further it will cover alternate dispute resolutions.
TASK 1
P1 Explain different sources of law and laws that organisations must comply with.
In English Legal System ,the Queen at present has all the authority and powers and is
known as the head of the state. It is merely a Monarch system and all the supreme authority to
legislate the laws is on the government of UK. There are two main houses House of Commons
and House of Lords which covers bicameral parliamentary system (Rostek, 2016). As UK has no
written constitution but they prevail common law and statutory law in country.
Sources Of Law
Mainly there are 2 main sources of law,
Primary sources comprised of the law of there own there has to be an original and
authoritative work and statements under it which comprised of :
 Case laws which are given by the courts- It is the fundamental and primary source of
law it comprises of all the decisions which were being given by the courts and those
decision are reported in publications called as Law Reports. A proper and useful case law
will be the one which have all the facts, issues, decision and also the main embodied
principal upon which the judgement is being made. Its one of the key feature in law is
Judicial Precedents- which states that all the previous or reported judgements given by
the court will be a binding source of law and all the future decisions will have to follow

this judicial precedents. As it can be said that judges of inferior courts are bound by the
decision of superior courts.
 Legislation being framed by the parliament- In UK parliament is the only supreme
legal authority and only parliament has the power to enact all the laws as UK is not
having any written constitution it is partly written and is fully non codified. All the
decisions and rules are binding and no one can challenge the laws made by the
parliament. Legislation can be amended by addition, alteration or deletion (Potoczek,
2020).
Secondary Sources implies various interpretation in the law which are being given by:
 Encyclopaedias- It is a base start of every research for law as it provides the cases, key
elements and also the legislation being used.
 Parliamentary and Non parliamentary Documents- It is merely the debates and
discussions being made on a particular law or can also be comprised of the meetings and
sessions been taken for any law or bill.
 Law Journal- These are mainly the paper work which provides all the essential
information about the law that may be in the form of newsletter,articles or case
commentary.
 Textbooks- All the law books which covers details about the laws,rules with there proper
explanations (Poff, 2020)..
Thus, the companies are bound to work under all these conditions and it helps out in
varies ways like for the smooth functioning of the company and also it helps to develop a good
relations between employers and employee as all the functions of business usually being
regulated by the business law as it comprises of all the varies laws like Law of Tort, Contract
Law, IPR, Data Interpretation etc.
Laws which the organisations must comply are discussed below-
 Health and safety at work Act, 1974- This legislation is passed with a sole purpose to
impose the duty on the employer to comply with all safety measures in the organisations
so that employees feel safe while working. It provide right to the employee that they are
entitled to the right to safety. The employer must ensure that its workforce is following
all safety measures.