chapter 1 questions and case problems answers

chapter 1 questions and case problems answers - Na Ma BUAD...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Na Ma BUAD 3043 Sep 6th, 2010 1. Laws enacted by legislative bodies at any level of government make up the body of law generally referred to as statutory law . When a legislature passes a statute, that statute ultimately is included in the federal code of laws or the relevant state code of laws. A federal statute applies to all states. A state statute, in contrast, applies only within the state’s borders. State laws thus may vary from state to state, and no state statute may violate the U.S. Constitution or the relevant state constitution. Common law is a body of general rules that applied throughout the entire English realm. Eventually, the common law tradition became part of the heritage of all nations that were once British colonies, including the United States. If statutory law conflicts with the common law, statutory law will govern. Because common law is based on past court decisions, and is not nearly as neat and tidy as statutory law. Common law doctrines and principles govern all areas not covered by
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.
Ask a homework question - tutors are online