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Divisions and Sources of Business Law

   

Added on  2020-10-22

10 Pages2867 Words186 Views
BUSINESS LAW
Divisions and Sources of Business Law_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Divisions and Sources of Law...............................................................................................1P2 Law making process by the government and its effect on business......................................2TASK 2............................................................................................................................................3P3 Impact of various legislations on business.............................................................................3TASK 3............................................................................................................................................4P4 Analysis of how different types of business organisation and how they are legally framed.4P5 How organisations are managed and funded.........................................................................6TASK 4............................................................................................................................................6P6 Alternate Solutions for resolving disputes.............................................................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
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INTRODUCTIONBusiness law, in general terms, could be termed as mercantile law and commercial lawand concerns the dealings between people and business matters. The purpose of business law istwo-fold, firstly, it deals with the regulation of businesses through various laws such as agency,company, employment etc., and secondly, it regulates the business transactions by laws, such ascontract. (Alix Adams, 2017)The report describes various aspects of business law along with a brief description oflegal system of the UK. The legislations affecting business such as company law, employmentlaw, contract law, etc. are explained in order to help Pegasus Ltd. expand its business. The reportalso highlights the ways of alternate dispute resolution.TASK 1P1 Divisions and Sources of LawDivisions of LawIn a society of any size, certain rules and regulations are required for governance andorganisation, and ensuring welfare of the people belonging to that society. The societies are inneed of a complex system of law to carry out the functions of governance.(Alix Adams, 2017)Though, it is not possible to classify law in distinct divisions but broadly it could be classifiedinto two categories – in rem and in personam,(Alix Adams, 2017) that is public law and privatelaw, which are explained below:Public Law deals with the relationship between – individuals and governmentand individual actions concerning the society directly, for instance, the criminallaw falls under the category of public law.Private Law is pertaining to the civil law legal system governing the relationshipbetween the individuals, such as law of contract, etc.The legal system in the country are operated by the courts of law which are arranged in ahierarchical order such as the Supreme court followed by the Court of Appeal, High Court,County court, Crown court, and the Magistrate court which are explained as follows:(Samue,2007)1
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