Exploring Business Law: Sources, Role of Government, and Impact on Organizations

BUSINESS LAW

Table of Contents
INTRODUCTION ..........................................................................................................................4
TASK ..............................................................................................................................................4
P1 Explain different sources of law ...........................................................................................4
Constitution: This is that kind of framework which helps in protecting legal integrity over
laws formed within a country. Also it protects fundamental rights of citizens. .........................5
P2 Explain the role of government in law-making and how statutory and common law is
applied in the justice courts.........................................................................................................5
M1 Evaluate the effectiveness of the legal system in terms of recent reforms and
developments...............................................................................................................................6
P3 Using specific examples illustrate how company, employment and contract law has a
potential impact upon business...................................................................................................6
M2 Differentiate between legislation, regulations and standards to analyse potential impacts
upon business..............................................................................................................................8
D1 Provide a coherent and critical evaluation of the legal system and law, with evidence
drawn from a range of different relevant examples to support judgements................................8
P4 Explore how different types of business organisations are legally formed...........................9
P5 Explain how business organisations are managed and funded with advantages or
disadvantage of an organization................................................................................................10
P6 Recommend legal solutions for resolving a range of disputes using examples to
demonstrate how a party might obtain legal advice and support. ............................................12
M4 Compare and contrast different sources of legal advice and support for dispute resolution.
...................................................................................................................................................13
CONCLUSION .............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Business laws means those rules which makes business enhanced through efficiency and
proper legal process. These laws helps in making sure that an business organization makes all
kinds of rules and regulation formed in more organized manner. Such laws leads upon making
sure that proper framework has been developed in relation over formation of business
organization in more effective manner. These laws makes business organization achieve its goals
and objectives with more consistency. Further various other aspects is been covered in relation
over business organization. Also business laws are known as commercial and corporate law
which since it deals over various kinds of activities related to business processes. The file covers
I relation over various sources of law with government role in law making. Also in this different
kinds of business organization is been explained with there advantages and disadvantages. Then
ADR is been covered in the end.
TASK
P1 Explain different sources of law
Laws are those set of rules that has been formed in order to makes sure that all rules and
regulations formed helps in protecting society in more effective manner. Law act as one of the
most important part of a legal system and helps in attaining knowledge through various sources
covered within it. These sources are based upon information provided over maintaining
discipline and order within society. Such sources are of two types primary and secondary sources
and has been explained as follows:
Primary sources: They are the sources which provides first information regarding law
required to be developed within a country. Also It is considered as fresh source to form law.
These sources has been explained as follows:
 Legislations: These are one of the most important sources that has been used in order to
make sure that law formed by government is been formed with the help of proper process
used in its formation. In UK legislation formed is based upon three reading process which
makes sustainability attained within various business process(Di Martino and et. al.,
2021).
 Case law: They are one of the most important legislation and has been formed with the
helps of judgement passed by judges that makes new law with more relevancy formed.