The aim of this unit is to enhance students’ understanding of how Business Law is applied to the running of a company. Students will gain knowledge of Business Law and examine the impact of the law on business operations and decision-making.
1. Explain the basic nature of the legal system and illustrate the potential impact of the law on a business.
1.1 Explain different sources of law and laws that organisations must comply with
1.2 Explain the role of government in law- making and how statutory and common law is applied in the justice courts
1.3 Using specific examples illustrate how company, employment and contract law has a potential impact upon Business
2. Suggest appropriate legal solutions to business problems and recommend appropriate legal solutions based upon alternative legal advice provided
2.1 Suggest appropriate legal solutions for a range of business problems e.g. termination of contract, rescue from insolvency and liquidation
2.2 Provide justifications for the use of appropriate legal solutions
2.3 Recommend legal solutions based upon a different country’s legal system and/or a different legal framework