Unit 7: Business Law Unit code H/508/0492 Unit level 4 Credit value 15 Introduction 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. Throughout the unit students will identify legal solutions available to business ‘owners and assess their suitability. Their experiences in this unit will help them better understand the areas of law in which they will want to specialise. They will be able to illustrate the impact of the law on normal business operations and when registering 2 company and inviting shareholders to invest in it. They will gain an understanding of the law in relation to market abuse and director responsibilities. Students will be able to recognise the application of employment law between employers and employees. Learning Outcomes By the end of this unit a student will be able to: 1 Explain the basic nature of the legal system. Illustrate the potential impact of the law on a business. 2 3. Suggest appropriate legal solutions to business problems. 4 Recommend appropriate legal solutions based upon alternative legal advice provided. Pearson BTEC Lavele 4 end 5 Higher Nationa in Business Specification ~ Issue 3 = December 2016 © Pearson Education Liited 2016Essential Content Loi Loz Lo3 Explain the basic nature of the legal system The legal system: What constitutes a legal system? The purpose of law, the evolution of law and different sources of law. The differences between statutory law, common law and equity. Company law and contract law. The justice system: The role of government in law-making and the justice system. Organisation of the judiciary. Jurisdictions and the structures of the court. Illustrate the potential impact of the law on a business Legislation and legal responsibilltie The relationship between regulations, legislation and standards. The implications and impacts of various legislation including environmental legislation, health and safety legislation and consumer legislation. Legislation on data protection and confidentiality. Rules and regulations relating to cybersecurity. Employee legislation, equal opportunities and anti-discrimination. Employment law and its impacts on business decisions and contracts: How employment is defined Application of law in cases of maladministration. The responsibilities of directors and delegation of tasks. How employer and employee relationships interact with employment law. Suggest appropriate legal solutions to business problems Legal solutions for different types of business problem: Consider the application of company law in forming companies, raising capital and correlation of pay and performance, Termination of contracts, including employment. Rescuing and liquidating companies. Pearson BTEC Levels 4 and 5 Higher Nationale in Business 107 ‘Specfeaton = Issue 2 = December 2016 © Pearson Education Limited 2016LO4 Recommend appropriate legal solutions based upon alternative legal advice provided Alternative legal advice: Different legal frameworks and laws of different countries The role of unions Citizens advice and the role of Alternative Dispute Resolution (ADR). 108 Pearson BTEC Levels 4 and 5 Higher Natlonals in Business ‘Specifation - esue 3 = December 2016 © Peorson Education Limited 2016Learning Outcomes and Assessment Criteria foe Cea LO1 Explain the basic nature of the legal system P1 Explain different M1 Evaluate the Lo1&2 Perea a and ie Pence of the legal pie ee that organisations must | system in terms of recent | 374 crtical evaluation of comply. with retermsiand the legal system and law, P2 Explain the role of | developments. with evidence drawn from government in law- a range of different making and how statutory relevant examples to and common law is support judgements. applied in the justice courts. LO2 Illustrate the potential impact of the law on a business P3 Using specific M2 Differentiate and examples illustrate how | analyse the potential company, employment —_| impacts of regulations, and contract law has a _| legislation and standards. potential impact upon business, LO3 Suggest appropriate legal solutions to business problems: P4 Suggest appropriate | M3 Assess the positive | LO3 & 4 legal solutions for a range | and negative impacts of of business problems e.g. | legal solutions to business termination of contract, | problems. rescue from insolvency and liquidation, P5 Provide justifications for the use of appropriate legal solutions. D2 Critically review and evaluate the use of appropriate legal solutions in comparison with alternative legal advice. LO4 Recommend appropriate legal solutions based upon alternative legal advice provided P6 Recommend legal M4 Compare and contrast solutions based upon a _| the effectiveness of these different country's legal_| recommendations. system and/or a different legal framework. Pearson BTEC Levels 4 and 5 Higher Nationals in Business i609 Spectication ~ Issue 3 ~ December 2016 @ Pesrson Education Limited 2016Recommended Resources ADAMS, A. (2016) Business Law for Students, 9th ed. London: Pearson ANDREWS, N. (2011) Contract Law. Cambridge: Cambridge University Press. ELLIOTT, C and QUINN, F, (2015). The English Legal System. 16th Ed. London Pearson HONEYBALL, S. (2016) Honeyball and Bowers Text to Employment Law. 14th ed Oxford: Oxford University Press. MARSON, J and FERRIS, M. (2015) Business Law. ath Ed. Oxford. Oxford University Press. Journals New Law Journal International Journal of Law in Context Links This unit links to the following related units: Unit 1: Business and the Business Environment Unit 3: Human Resource Management Unit 19: Resource and Talent Planning Unit 20: Employee Relations Unit 28: Launching a New Venture Unit 29: Managing and Running a Small Business Unit 30: Taxation iio Pearson BTEC Levels 4 and S Higher Notionas in Business Speciation - Issue 3 = December 2016 © Pearson Education Umited 2016