business law?

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what is common law?

2007-10-25 14:25:09 · 2 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics

2 answers

Common law is the body of law -- usually formed from court holdings and precedents -- that is enforced if there are not statutes (legislatively created laws) that would apply.

Basically -- common law started out as the body of what was commonly applied -- but has become the applicable court decisions that are binding on later and lower courts.

2007-10-29 13:41:08 · answer #1 · answered by coragryph 7 · 0⤊ 0⤋

Business law is the very important part of the business that dictates how to form and run a business in an ethical manner. It also includes many other types of law such as contract law, Immigration Law, tax law, zoning law, etc.

2015-04-20 20:18:00 · answer #2 · answered by William 2 · 0⤊ 0⤋