DQ1.1 - society. Common law is basically when judges use...

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What is the difference between common and statutory law? Where does the law of contracts or torts fit into that scheme? Where does criminal and administrative law fit? Then, what is the difference between procedural and substantive law? Examples of each? Finally, which of these various legal environmental considerations impact businesses in significant ways? Statutory law is when laws are passed by the government that have been accepted by our
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Unformatted text preview: society. Common law is basically when judges use precedence to decide cases. The law of contracts or torts fits into civil law because it is recognized as a part of a general law of obligations. The common law retains a high degree of freedom of contract, with parties largely free to set their own terms, companies not in the common law jurisdiction often opt to the common law through the choice of law clauses....
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This note was uploaded on 04/17/2010 for the course EDU 101 taught by Professor Brown during the Spring '10 term at Trinity University.

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