The aim of this unit is to enhance students’ understanding of how business law is applied to the running of a business organisation. 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 the legal solutions available to business owners and assess their suitability. The experience that students gain in this unit will help them to better understand the different areas of law that apply. The unit will enable students to illustrate the impact of the law on normal business operations and when registering a 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 while gaining a practical understanding of the skills and experiences undertaken by those practising in a business law context.
Learning Outcomes By the end of this unit a student will be able to:
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.
Skill Level: Beginner