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CONSTITUTIONS The United States Constitution and the constitution of each state establish the fundamental principles and rules by which the United States and the individual states are governed. The term constitutional law refers to the general limits and powers of the federal and state governments as stated in their written constitutions. The U.S. Constitution is the supreme law of the land, the foundation for all laws in the United States. It is the primary authority when we are trying to identify the relationship between business organizations and government. STATUTES Legislative actions, called statutes, are another important source of law. The assortment of rules and regulations put forth by legislatures is what we call statutory law. These legislative acts can be found in the United States Code when they are passed by Congress or in the various state codes when they are enacted by state legislatures.
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