Business Law- An Introduction
Added on 2020-06-06
16 Pages4403 Words75 Views
BUSINESS LAW
INTRODUCTION...........................................................................................................................1SECTION 1......................................................................................................................................1P1: Format of English legal system and various sources of laws...............................................1P2................................................................................................................................................3TASK 2............................................................................................................................................4P3: Implication of business laws over an organisation...............................................................4SECTION 3......................................................................................................................................5P4 Legal solutions to business problems....................................................................................5P5 Justification............................................................................................................................6SECTION 4......................................................................................................................................7P6 (a) Concept and advantages of alternative dispute resolution...............................................7(b) Recommendation...................................................................................................................8CONCLUSION................................................................................................................................9REFERENCES................................................................................................................................9
INTRODUCTIONLaw is an essential aspects for any business and society in that it deliver certain rulesthrough which people and business can interact. It can be affected in almost every function andareas of business operations. There are various laws those are applicable in every situation inorder to rectify any mistakes or issue that are arises in an organisation (Bagley, 2010 ). It will provide specific direction to an individual, financial institution, regulatory bodies andmany other departments. Every law which is implied in a particular situation are prepare byparliament bodies of respective nations. This project report is providing crucial information about business law system those aregovern by various activities in order to follow certain rules and regulations. Understanding ofusing English legal system and various regulation those are essentially to follow by anorganisation. Role of government bodies and legal solution to all those problems those discussunder this reports are mention clearly. Examination of certain benefits of using ADR process inbusiness law are explain under this report.SECTION 1P1: Format of English legal system and various sources of lawsLegislation is a combination of various legal laws and regulation that is more effectivelyneeded to be followed to each and every people in the country. It consists of various systematicrules for conducting business in more effective manners. Certain fines and penalties are mentionin the regulation of statements. Those are needed to be follow to every parties involve inbusiness activities. Every business whether small or large they require to control all legal aspectsthrough using legal laws (Bodie, Kaneand Marcus, 2014 ). In case of any breach of contract, parties can sue according to the mention rulesapplicable under those mention situation. English legal system include mainly two aspects suchas criminal and civil laws. Generally, it is applicable in UK and Wales where legal authorities ofnorthern Ireland use to follow some sort of system as per the mention justice court orders. Hence,top most position of English legal structure is based on supreme court that is totally known ashouse of decision maker and judgements office.However, this has been seen that both legal bodies are varied as per each other those aremention underneath:1
Civil lawCriminal Law According to this particular law that deal withcertain crimes in which people are associatedin a crime individually termed as civil law.These are related with public misdeeds andbreaches.In this particular law, both the parties is havingright to make appeal in the court.Under this, only limited appeals can be filed.Non-unanimous jury can conduct in any caseproceedings.Unanimous jury can conducts anyproceedings .Illustration 1: English legal components(Source: Terence Ingman, 2011):< http://tarlton.law.utexas.edu/english-law>.From the above charts, it has been seen that both decision making authorities are dealingin distinct condition while somehow certain objectives is more common those are related withwrongful activities (Craneand Matten, 2016).. However, legal person is trying to implement victims to compensate because of insolvent ifnecessary.2
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