Final answer:
Both employees and employers have legal rights and obligations stemming from common law and statutory law, encompassing rights to fair employment and employer's duties to provide safe working conditions. Employment contracts and labor unions further define these rights and obligations.
Step-by-step explanation:
The question pertains to the rights and obligations that arise for employees and employers from common law and statutory law. The correct answer is that both parties have legal rights and obligations. Under common law, which has evolved from English legal traditions and court decisions, individuals have inherited natural rights such as the right to seek employment. Meanwhile, statutory law consists of laws passed by legislatures that detail specific rights and obligations of employers and employees, such as anti-discrimination laws, health and safety regulations, and labor standards. Employment contracts often outline specific terms agreed upon by both parties, incorporating elements from both common law and statutory rights and responsibilities.
For instance, laws protect employee rights concerning fair wages, safe working conditions, and freedom from discrimination. Employers have legal obligations to follow these laws and provide conditions that respect the rights of their employees. Moreover, labor unions can alter the dynamic between employees and employers, improving bargaining power for employees and establishing collective agreements that further define rights and obligations.
In summary, employment relations are governed by a combination of common law rights, such as those retained by people according to past legal traditions, and statutory rights that have been written into modern legislation, creating a framework of mutual rights and responsibilities for employees and employers.