Diploma in Business Administration Study Manual PRINCIPLES OF BUSINESS LAW The Association of Business Executives William House • 14 Worple Road • Wimbledon • London • SW19 4DD • United Kingdom Tel: + 44(0)20 8879 1973 • Fax: + 44(0)20 8946 7153 E-mail:
[email protected] • www.abeuk.com © Copyright RRC Business Training abc © Copyright under licence to ABE from RRC Business Training All rights reserved No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means, electronic, electrostatic, mechanical, photocopied or otherwise, without the express permission in writing from The Association of Business Executives. ABE Diploma in Business Administration Study Manual PRINCIPLES OF BUSINESS LAW Contents Study Title Page Unit Syllabus i 1 Nature and Sources of Law 1 Nature of Law 3 Historical Origins 6 Sources of Law 9 The European Community and UK Law: An Overview 13 2 Common Law, Equity and Statute Law 23 Custom 25 Case Law 26 Nature of Equity 32 Application of Principles of Equity 34 Equity and Common Law 36 Classification of Equity 37 Legal and Equitable Rights 38 Nature of Statute Law 39 Interpretation of Statutes 41 Codification and Consolidation 44 Appraisal of Statute Law 45 Delegated Legislation 46 3 The Administration of Justice 49 Organisation of the Courts 50 Administrative Justice 61 Public International Law 64 Judges and Juries 65 Organisation and Role of the Legal Profession 67 4 The Law Relating to Associations 75 The Concept of Corporations 77 Corporations in Law 79 Companies