Business Law: Types of Sources, Role of Government, Employed vs Self-employed, Business Organizations, Dispute Resolutions

Business Law

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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. 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.
 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.
Secondary sources- This refers to integrated information deriving from primary sources.
Some examples are as-
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