Business Law: Sources of Legislation, Role of Government, and Legal Solutions for Disputes

Business Law

INTRODUCTION
The Business law is based on the law which is used to make business organization form as per
legal structure of the country. This law is based on different legal perspective which helps government
to protect the project culture. The law also deals with effective working which establish goals and
objectives and achieve more effective business organization. The law will ensure that the organization
which performs activates of business makes establishment full perseverance which does achieve goals
and objective more impact fully. The business law makes many task in business organization which help
in attaining more stability with growth. The Scope of this laws is more wider and this affect business
functions directly. The report covers sources of law, role of government in law making and various
business organizations has been explained and Alternate dispute resolution process with legal solutions
is covered under this report.
MAIN BODY
P1 Explain different Sources of legislation
The Law can be defined as a rule which governs behavior of individual in a civilized society.
The scientific law distinguished from perceiving the material world and which are immutable,
the laws are made by human and this can be changed through intervention of human. The law is
mainly described as primary and secondary law:
Primary source of law:
a) The act done by parliament, order of council, etc. which is known as Legislations.
b) The record of courts which have binding effect, decisions of higher court.
Secondary source of law:
a) The decision of court.
b) Textbook and commentaries.
c) Opinion of legal expert.
The delegated legislation is also named as secondary legislation, this is made by an individual or
body under authority which have in primary legislation. The power is conferred with minister,
with the crown or public bodies. Draft bill is issued for consulting before introducing into
parliament. With this the changes will made before the bill is introduced. All of these bills are
Government bills. The departments of government will produce the draft bill and can issue them
to interested party. This is also considered in committees by MPs and Lords. The common law
is also known as Judge made law, this is a body made by the judges and quasi-judicial tribunals.
The common law develops as precedent. This law was originated in early middle age in the
King’s court. They set up a single royal court for most of the country near London. This do not
consist of substantive rights but procedural remedies. The Equity law comes from Old English
common law, this law supersedes common law when a conflict arises between these two and
none of them can appropriately bring the verdict. Only by virtue of ECA the law of European