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Business Law in Business Management

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Unit 7 Business Law HND Business Assignment

Aim of Unit 7 Business Law

The main aim of unit 7 organisational systems security p5 is to identify the impact of law on the operations of businesses and make proper decisions. There are legal solutions that can be applied by business owners. The companies that get registered have access to applications of legal laws and have access to their suitability. The application of employment law between employers and employees could be understood in unit 7 organisational systems security d2. Students will be able to understand the areas where suitable laws can be applied. The main aim of this unit is to identify the importance of business law and in what ways these laws can be helpful in managing a business in unit 7 organisational systems security p6.

Learning outcomes Unit 7 Business Law HND Business Assignment

LO1 Explain the nature of the legal system        

LO2 Illustrate the potential impact of the law on a business

LO3 Examine the formation of different types of business organisations

LO4 Recommend appropriate legal solutions to resolve areas of dispute

LO1 Explain the nature of the legal system              

The purpose of the law is to maintain a certain code of conduct in a legal system. The different sources of law include case laws and treaties relevant to the country. In a legal system, there are two types of courts, one which looks after the local affairs and another that manages the state affairs. There is a basic difference that applies to civil and criminal laws. Government has an important role to play in making laws and constituting a proper judiciary. unit 7 organisational systems security p5

LO2 Illustrate the potential impact of the law on a business

There are contract laws whereby businesses are liable to abide by the terms and conditions stated in the contract. For the protection of the Company’s data competition laws are applicable. To resolve cases of dismissal and discrimination and to protect the health and safety of employees, employment laws are applicable. Employment contracts preserve the rights of the employees in the workplace. For consumer protection and negligence appropriate laws have been constituted. unit 7 organisational systems security p5

LO3 Examine the formation of different types of business organizations

Companies are basically constituted directors, secretaries, auditors and shareholders. The Company Law can be applied in the formation of different organizations. Raising capital is a prime focus. The different types of companies are public and private, limited and unlimited. For the setting up of a company, registration is required.  There are Sole-Traders, Partnership Companies and registered companies. A distinction is made between incorporated and unincorporated legal structures. There are different types of companies that are privately held and publicly held, limited or unlimited in nature. Company Laws enable the registration of different types of companies. unit 7 organisational systems security d2

LO4 Recommend appropriate legal solutions to resolve areas of dispute

In resolving disputes, various kinds of legal solutions are available. They apply to the health and safety needs of the employees, make compromises on the payment structures, enable decisions in cases of dismissal and wrongful deeds. In case of breach of contract, dispute occurring between directors and claims on making damages such legal solutions are applicable. Such solutions are applicable in the case of commercial needs and investment properties. Alternative Dispute Resolution has an important role to play such as unions, tribunals and citizens advice can help in resolving conflicts. unit 7 organisational systems security d2

Learning outcomes Unit 7 Business Law HND Business Assignment and assessment criteria

PassMeritDistinction
LO1 Explain the nature of the legal system
P1 Explain different sources of lawP2 Explain the role of government in law-making and how statutory and common law is applied in the justice courts.M1 Evaluate the effectiveness of the legal system in terms of recent reforms and developments.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.
LO2 Illustrate the potential impact of the law on a business
P3 Using specific examples illustrate how the company, employment and contract law has a potential impact upon business.M2 Differentiate between legislation, regulations and standards to analyse potential impacts upon business.
LO3 Examine the formation of different types of business organisations
P4 Explore how different types of business organisations are legally formed.
P5 Explain how business organisations are managed and funded.
M3 Assess the advantages and disadvantages of the formation of different types of business organisations.D2 Critically evaluate the formation of different types of business organisations.
LO4 Recommend appropriate legal solutions to resolve areas of dispute
P6 Recommend legal solutions for resolving a range of disputes using examples to demonstrate how a party might obtain legal advice and support.M4 Compare and contrast different sources of legal advice and support for dispute resolution.D3 Evaluate the effectiveness of legal solutions, legal advice and support for dispute resolution.

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