Business Law: Sources, Process, Impact, and Dispute Resolution

Unit 7- Business Law

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
Sources of law........................................................................................................................3
Process of making of law and role of government in it. How common and statutory law is
applied in courts.....................................................................................................................4
TASK 2............................................................................................................................................5
Illustrate the impact of various laws on the business.............................................................5
TASK 3............................................................................................................................................6
Covered in PPT.......................................................................................................................6
TASK 4............................................................................................................................................6
Recommend legal solutions for resolving dispute..................................................................6
CONCLUSION ...............................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Business law can be referred to as the set of rules and obligations which are aimed to
govern the commerce, trade and business of the country. Its application is only for the rights,
conduct and relation of the business and people associated with it. It is designed to protect rights
of ventures and personnel attached to it so that certain standard is fixed as to how the things must
be run. There are many legislations which are included within the ambit of commercial laws such
as company law, data protection, intellectual property, employment law and many others
(Gholizadeh Manghutay, 2018). This project is split into three parts of which first is done in the
form of report which shall cover details about English legal system. Second is in the form of
presentation which will deal with details of different kinds of business organisations and lastly an
essay on various alternate dispute resolution.
TASK 1
Sources of law.
Laws are rules that governs the behaviour of the human beings who lives in the civilized
society. These are nowadays declared and decided by the human beings and are subject to
amendments by human intervention only. The sources of laws in UK includes the following-
Primary
It is the authoritative source as it is made enacted by the authoritative or concerned body
decided by law. These involves the following-
 Legislations- These are made by the supreme authority which is known as Parliament.
They are authorized to make laws on keen matters and bring changes as per the needs of
the society. These cannot be challenged in any court rather only parliament has power to
repeal their laws. For instance, Equality Act, Theft Act, etc.
 Case laws- These consist the decisions made by higher courts and has the binding effect
on subordinate judicature. These are required to be followed by them in similar cases and
has same relevancy as that of the legislations. For instance, Murder is the common law
offence and not statutory law.
Secondary
These are persuasive in nature and may be considered by court in their decisions but the
judiciary is not bound by it. Types of secondary sources are discussed below-