Business Law Sources- Doc
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Added on 2020-10-22
Business Law Sources- Doc
Added on 2020-10-22
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BUSINESS LAW Table of Contents
INTRODUCTION.........................................................................................................................1MAIN BODY..................................................................................................................................1P1 Explain different sources of law and laws that organisations must comply with..................1P2 Explain the role of government in the law-making and how statutory and common law isapplied in the justice courts.........................................................................................................2P3 Using specific examples illustrate how company, employment and contract law has apotential impact upon business....................................................................................................3P4 Explore how different types of businesses are legally formed?.............................................5P5 Explain how businesses are managed and funded?................................................................7P6 Recommend legal solutions for resolving a range of disputes using examples todemonstrate how a party may obtain legal advice and support...................................................8CONCLUSION............................................................................................................................10REFERENCES............................................................................................................................11
INTRODUCTIONLaw which handles all the commercial matter is known as Business law. It is necessarythat business organisation must consider commercial law while taking any of the businessdecisions because that will help them to bring out the better results in future. In context of thegiven question, file will be based on business law where it will cover different segments such assources of law in UK which is required for business entity (What is Business Law, 2019). Roleof government will decide that how laws are commenced and even detail explanation will givethat how company, employment and contract law do have the impact on day to day transactions.The discussion will go towards formation of company and what are the major sources of fundingand who will handle all the matter of organisation. File will be concluded by providing legalsolutions to the problem which arises on daily basis by taking four different examples.MAIN BODYP1 Explain different sources of law and laws that organisations must comply with.It is said that laws are commenced everyday of different areas so that better results can beobtained in future. There are number of laws which is commenced for business organisationwhich need to be complied by taking any of the business decisions. In Great Britain, mainly threesources are available which governs four different nation and they are Wales, England, Scotlandand Northern Ireland. The detail explanation about different sources is given below:Act of Parliament: It is important that any of the laws which has been commenced byhouse of parliament should be followed because they decide what types of businessdecisions can be helpful for any of the business organisation. Common law: It is also one of the most important part which helps to commence lawbecause it decides to commence law for that area where other laws are silent. Whenevercompany does the default and any of the law is not commenced then decisions are takenwith the help of common law (Bargiela-Chiappini, Nickerson and Planken, 2013). European Union Law: It is one of the law which governs most of the part of UK becauseit commences most of the laws within UK. The laws which are commenced by EU lawmust be followed by every organisation which are performing their business activities inGreat Britain. 1
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