Business Law Report: Unit 7 - Business Law Principles and Applications

This report examines key aspects of business law, starting with an introduction to the field and its importance in regulating businesses. Task 1 delves into the sources of law, differentiating between primary and secondary sources, including legislation, case laws, and treaties. It also explores the role of the government in law-making, specifically focusing on the UK's legislative process involving the Houses of Commons and Lords. Task 2 assesses the impact of company, employment, and contract law on businesses and organizations, outlining the significance of each. Task 3 explains the framing of legal business organizations, covering various types such as sole proprietorships and companies, and discussing management and funding strategies. The report concludes with recommendations for dispute resolution and provides a comprehensive overview of business law principles and their practical applications. This report provides a detailed look into business law, including the different types of laws, the impact they have on businesses, and how to solve disputes.

Unit 7: Business Law
Table of Contents

INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
P1 What are the different sources of Law..............................................................................3
P2 Role making of government and method to apply statutory and common law in courts..4
TASK 2............................................................................................................................................5
P3 Impact of company, employment law and contract law in all business and organizations.5
TASK 3............................................................................................................................................7
P4 Explain the framing of legal business organization with its types....................................7
P5 management and funding of business...............................................................................8
TASK 4............................................................................................................................................9
P6 Recommendation of various disputes solving range.........................................................9
CONCLUSION .............................................................................................................................10
REFERENCES..............................................................................................................................10

INTRODUCTION
Business law covers out the rules and regulations that are being made for framing all the
laws in the firm or an organisation. It has been seen that in order to maintain the proper business
their has to be maintain the rules and the law from the body that is being incorporated as under.
Commercial law mainly deals with all the laws as complied to trading and merchandise and all
the individual will have to work according to the laws that are being made for business. As
contract law is being made for making the parties to enter in an agreement (Archibong, 2020).
This report will cover all the sources of law and the impact of contract law and the employment
law on the business with their varies legal solutions to do and with that the legal solutions for the
organisation to solve the business.
TASK 1
P1 What are the different sources of Law.
Law as being seen is the main body and the set of rules which is being embodied with
varies culture and the human behaviour in order to maintain the regulations in the company and
the society. All the conducts and the acts which are being regulated so as to maintain the peace
and morality in the society law is being created. The major source and the nature through which
the law us being made is the incorporation of several rights and duties of the person. Their are
various sources of law that are being made and governed by the government which is being made
to maintain the civilized society on proper manner (Newton, 2019). The two important source of
law are as follows:
Primary Source Legislation- It is the set of rules which are being made by the government in order to
maintain the law and order in the country. It covers out to be the primary source of law
and there are further rules which are made through the UK legal system. As the
constitution of UK is being not written but there are all the statutory instruments which
are being made by the council. And theses laws are applied to all the members in UK. Case laws- When the case is being framed and gibe in the court the judges mainly gave
various judgement regarding that case law and in that case all the laws and the rules
which are being made as in order to maintain the law and order. Which means all the

judgements that are being given by the higher courts to their judges and the decision is
implied on all are being covered under the primary source. Treaties- It covers out all the international sources in the law as which means all the
binding agreements that are being made between the parties will be applied on all the
person and the country (Rego, 2019).
Secondary Source Law Journal- It has the case commentaries that pertains the methods and the law with all
the relevant information which helps out in attaining the issues that are being raised.
These are mainly the books with all the case commentaries that frames out laws as the
instruments to maintain the issues in the law. Textbook- It contains the legal writing which is made for the students or the authors who
pertains law. As in order to maintain the legal framework and all the important
information they have the topics and all the acts, rule and the case laws are being
generalised in it.
 Directives-It consist of all the methods and the amending decisions through which all the
issues and the directives are being made and their persuasive methods for all the
individual and has being implied to make it properly amended.
P2 Role making of government and method to apply statutory and common law in courts.
While analyzing all the work in UK there are being made 2 houses which are adversely
important they are mainly House of common and House of lords. The house of common is the
government making body which is being made by the government and the house of lord area the
framed and the skilled person who are being selected in it by maintaining all their skills in the
work and by attributing all the quality of work (Khare and Hurst, 2017).
Their are various stages in the House of Lords which are as follows: First Reading- In this stage the bill is introduced in the House and all the important areas
are being framed. The name which are being decided will be read out in chamber. Second Reading- When the bill is framed in the first stage then all the important ans the
necessary stage is being checked in it and the necessary changes will be remarked in it. Committee Stage- This is the voting stage as all the important changes are being made in
and their will be framed all the necessary amendments in the bill their will be analyses

that all the person being sitting their will join this stage and their will be raised voting in
all the areas through which the proper selection can be maintained. Report stage- Through this stage all the important areas are being taken onto
consideration and their will be analyses that all such areas and the essential stages are
being checked and changes as no further amendments will be made after it. Third Reading- This will aim out for the final areas which means that all the final
changes are the loopholes will be checked and made in an accurate manner. Consideration of amendments- This is the final stage as when all the necessary changes
and the loopholes are being made and their has been seen that all such changes which are
implied are concerned and their will be made that further all the main motive will be seen
on the royal assent as in case they accept it then it will be accepted to all and when it is
being rejected then their whole of the procedure will be repeated again. Royal Assent- Through this stage when both the house accept the final bill it will be
passed and will have to be accepted by all the members that are being needed (Kimani
and et. al., 2020).
Judicial organization
When all the laws are being enacted and the judicial system is being made as all the laws
in UK are made through the precedents. They mainly covers the superior courts and with that all
the subordinate courts. The main superior courts have the civil and the criminal matters this is
mainly the final stage of appeal. The High court use to maintain all the Queens bench, chancery
division court of appeal with the further family divisions.
The other are the county courts, crown courts, family courts and all the original court
which hear the criminal matters (Kranich and Wald, 2018).
TASK 2
P3 Impact of company, employment law and contract law in all business and organizations.
All the business are being formulated on the various laws that are incorporated in all the
important factors they are like the employment law, company law and the contract law. These
laws helps in the individual in order to maintain the business and their general rules in it. Which
are as follows:

 Contract Law- It is the set of agreement that is being enforceable by the person in the
order of law. All the rules and the regulations which helps the person in maintain all the
rules so that they can come in an agreement are being considered in it. All the person who
are bind in the contract will have to frame in any legal obligation to do so. In case of any
breach in the contract their will be attained the remedy for the advancement of the person
in all their work. As in order to enter in the contract there are certain essential elements
that are being taken care of and the specific relief and various breach is being rendered in
the contract law. The contract law has 4 main essential elements that re majorly lie on all
the areas they are offer, acceptance, consideration and legal obligation to do so. All these
methods merely implies that they are the main ares through which the parties will have to
enter in an agreements (Lester, Mercurio and Davies, 2018). Employment Law- This mainly covers all the laws which protects the rights of the
employees and the individual who are being working in the organization and the
company. This implicates that all such laws which helps to protect the right of employee,
as in UK there are Equality Act which covers equal pay for equal work, and the gender
discrimination and all the equal treatments is being considered. This law also protects and
maintain the health and the safety of the employees being working over their. The main
aim behind the employment law turns out to maintain the laws and the employee use
various areas through which they maintain and develop all the relation and the rights that
are protected for the employees. The salary there working hours, gender discrimination
and all the issues are being taken care off. This implies that all such methods and the ares
in terms of employment are being concerned and this implicates the methods through
which the working of the general work be proclaims (Marcacci, 2017).
 Company Law- This will cover all the important elements in the company that raise out
the essential elements and also the dissolution that helps in maintaining the rules being
framed. It is mainly the separate legal entity that has attained their own liabilities and the
assets. The main aim of the company law is that it protects the right of the stake holders
and also deal in order to maintain their work in proper manner. All the company use to
frame the culture and the company use t covers

TASK 3
P4 Explain the framing of legal business organization with its types.
In all the company law their will be maintained all the legal structure, as there are mainly
various kinds of structures in the company they are like the sole proprietor and the partnership in
the company. All the business is being organized in the company will be maintained through the
members or the person who is single handed own it.
Company
The company is being known as the separate legal entity as their will be no owner for the
company. It mainly carries all the perpetual succession as any of the person in the company can
come and go but it will remain over their forever. It must have to be registered and all the proper
registration will have to be made for it. The registration when being made then the company can
there by choose all the members and the directors that are important for them.
Their has been seen that two types off companies are being owned ie: the public company
and the private company, the public company in which certain shares are marked with the share
holders and the company has been maintained all the decisions in it. Rather then the private
company implies all the legal entities through which all the asset and the liabilities are being
taken away (Masciandaro, 2017).
Sole proprietor
In this all the business is being owned by the single owner as that implies that the
company will there by be having the sole proprietor in the company. It mainly applies that all the
assets and the liabilities of the company are being lied on the person. And the important decision
about the company can b taken by he person only. The sole proprietor covers out and maintain
all the proper relation in the company and with their employees . The HM revenue can
maintained and are being taken as the sole proprietor.
Partnership
In all this business the main aim is that when two or more partners are being maintained
and start the business. Where they covers all the important areas. In the business that are being
related top the partners all the liabilities and the asset are being divided in all of them. In all the
companies when the partners are being working together there is being analyses that all the
works and the decision of the companies being dependent on them. And in case if any of the

partners moves or want to switch the company then they will have to fulfill all the regulations
(Nicolaides, 2017).
P5 management and funding of business
All the work and the management of the organisation is being dependent on the funding
as which means that on what basis that they are using to manage the business. Funding is mainly
the amount or the source of monitory that is being used in order to start any project or to make
any area through which they can allocate all their resources and maintain their working ability. It
is being aligned through varies methods like all the nature and the precocious (Stokes, 2019).
The fund that is being made are classified and maintained through the banks or from the
stakeholders o can also came out through personal savings. The funds are the main source
through The main area through which the funding is there by being managed are as follows:
Partnership- When the business is being owned by the partners then all the partners are
equally responsible to maintain the liability and the funding. All the profit and the loss that is
being shared by them either attained in together. And all the funding can be raised by them by
the shareholders or the savings of their own. The partners are duly being liable and discuss
together on the matter of the ways through which they will gain the funding (Rosenbloom,
2018).
Company- In the company as it deals with the separate legal entity, there has been
channelized that ll the work and the ares through which the work can be maintained are variably
like. In public company all the funding can be gain by the shareholders and they will help out ion
maintaining the fund. On the other hand the private company usually incorporates the areas
through which like the board of directors can help out to make the fund. In overall there has been
channelize that all the funds are being maintained through all the methods.
Sole proprietor- The sole proprietor mainly use to raise all the funds that can be by their
own savings or through by the help of banks which will give the company varies loans. As all the
rights and the responsibilities are varied lie on them and they will have to manage all the funding
regarding the company (Oncioiu and et. al., 2018).

TASK 4
P6 Recommendation of various disputes solving range
In order to solve the dispute and to maintain all the settlement between the parties there
can be use the method of Alternative dispute resolution. In this method all the disputes can their
by be solved by various methods which are given under it. This implies to be the cost friendly
process as it make the process easy and no terms of the person will be changes . The companies
can there by use this method in order to maintain and solve the dispute. This method helps to
implicate and resolve issue through which they can tend to make the party and the process to
resolve the issue in timely manner without any problem.
There are mainly 4 main and important types of methods that are being used in ADR they
are as follows: Arbitration- In this method an arbitrator is being appointed and that person will there by
get the fees form both the partitives. The arbitrator will record all the evidence will listen
all the matters that is being framed and then will give their decision accordingly the
decision given by the arbitrator will be binding on both the parties. Mediation- The mediator is the person who will be appointed in this process, their will be
implied that all the methods and the work through which the varies matter is being heard
by the mediator. The main aim behind this is that the parties if feels satisfied from the
decision can take it as an binding or other then take the help of court to resolve the
dispute. Negotiation- This is the cheapest method and the person who is being appointed in it will
be the negotiator and that person will give the decision on account to maintain all the
win-win situation in the process. This method implicates as the person try to maintain and
resolve the issue by making the, both to get the situation to gain the advantages.
 Conciliation- In this method the person which is being appointed will not be the known
of any party and that person will hear the dispute that is being arises in the party and give
the actual remedy after hearing all the record and the evidences which they feels fit
(Postema, 2019).

CONCLUSION
From this above report it is concluded that, Business law is the most important part for all
the organisation. As their use to be made all the rules and the regulation that are being used by
the company in order to maintain the implications. Their are mainly two important sources of
law that are primary and secondary. And their has been implied that all the primary and the
secondary source of law are being taken into consideration. The management and the funding of
the company is properly being maintained. And in order to solve the dispute the main method
which is being taken care of are the alternative dispute resolution.
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