Business Law: Sources, Role of Government, Impact on Business, Types of Business Organizations, Dispute Resolution

Business Law

Table of Contents
INTRODUCTION...........................................................................................................................3
LO1..................................................................................................................................................3
P1 Explain different sources of law.............................................................................................3
P2 Explain the role of government in law making and how statutory and common law is
applied in the justice courts.........................................................................................................4
LO2..................................................................................................................................................5
P3 Using specific examples illustrate how company, employment and contract law has a
potential impact upon business....................................................................................................5
LO3..................................................................................................................................................6
P4 Explore how different types of business organisations are legally formed............................6
P5 Explain how business organisations are managed and funded...............................................7
LO4..................................................................................................................................................7
P6 Recommend legal solutions for resolving a range of disputes using examples to
demonstrate how a party might obtain legal advice and support.................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Business law is the law which has been commenced for the purpose of dealing within
commercial sector. This law covers wider aspects as there are number of sub-branches are their
such as company law, contract law, consumer law and many more. In context of business sector,
different laws are applicable on different types of organisation which means that each of the
decision which are being taken by entity must be taken only after considering its positive and
negative side. In reference to the file, different types of legal advices are required to be given
which will be provided by Nelson Solicitors. The topics which will be covered in in the file will
be relatable to UK law with its main sources, impact of multiple law and types of entity. Legal
recommendation will be provided to disputed party in one of the case.
LO1
P1 Explain different sources of law.
Any of the nation can perform better if they have strong laws and regulation and if in any
of the condition any of the nation fails to do so they several problem arises. For making effective
law and regulation, government requires multiple source which can be helpful in commencing
law and in the similar way UK is also one of the nation which focuses on making strong law. The
number of sources of law which is helping UK are:
Act of Parliament: This is among the source which is commencing law on regular basis
for UK. The base of commencing law in Act of Parliament is very much crucial because member
of parliament takes part in it which is crucial in it. There is strict liability in it which makes
difficult for any person who breaches the laws and regulation. In order to approve the bill, there
is a requirement of Queen’s approval.
Case laws: In context of UK, this source of commencing law has been very much
effective as it certainly provides the way that any of the decision needs to be taken so that
remedies can be imposed upon defaulter (Gomtsian, 2016). The judiciary body with higher
authority gets the power to form laws which are not mentioned in order sources for declaring
result in the case.
European Union law: Before Brexit, this was the main sources for UK because of the
number of law which has been commenced by it. In commencing law for UK, EU law has