Business Law: Types of Sources, Role of Government, Status of Employed and Self-Employed, Different Types of Business Organizations, Funding and Management, Range of Dispute Resolutions

Business Law

Contents
INTRODUCTION...........................................................................................................................4
TASK 1............................................................................................................................................4
P1. Explain types of sources of law............................................................................................4
P2. Role of government in law making and utilisation of common and statutory law...............5
TASK 2............................................................................................................................................6
P3. Status of employed and self-employed.................................................................................6
TASK 3............................................................................................................................................7
P4. Different types of business organisations ............................................................................7
P5. Funding and management of business types.........................................................................8
TAKS 4............................................................................................................................................9
P6. Range of dispute resolutions.................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
A legal system is the base which has different types of laws, regulations and rules governing
conduct of individuals as well as organisations operating in a country. There are civil and
criminal law which has their own courts and judiciary systems. Business law is that branch of the
legal system which deals with commercial transactions that occur between entities operating in a
country (Acemoglu and Jackson, 2017). It comes under civil law and the matters are dealt in
courts in the same branch of legal system. This report covers meaning of English legal system
along with different sources, role of government along with the application of common and
statutory law, difference between employed and self employed, various types of business
organisations and their management and funding. Lastly, variety of dispute resolution methods
for obtaining legal solution.
TASK 1
P1. Explain types of sources of law
English legal system is applicable in United Kingdom which consist of different types of
laws such as common and statutory. Its legal provisions extend to England and Wales. There are
diverse legal principle along with legal consequences in case these are contravened or breached.
It has been made the base on which many countries have set their legal structure and system. The
constitution of UK is partly written for which numerous legislations have been passed in
previous years. The knowledge of English legal system can be gained from different sources
which are as follows:
Primary sources- The information is contained in original form without any interpretation
or addition. Some of these are:
 Case law- The judgement passed by the courts are presented in the form of reports
containing issues, facts, legal principles and the decision. UK legal system follows
the principle of judicial precedents according to which future cases are decided on
the basis of prior judgement passed (Antwi and Hamza, 2015).
 Legislations- There many legislation passed on the written portion of UK
constitution which governs the rights of individuals and organisations. These are
the foundation on which every activity is conducted.
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