What is the distinction between common law and statutory law?

Common law and statutory law are two separate types of law. Common law is based on court decisions, while statutory law is enacted by a legislative body, such as Congress or the Florida Legislature. Common law in Florida is based on decisions made by judges in prior cases. When a similar dispute arises, a judge will use the ruling from that earlier case as a guide. This system is known as precedent. This means that if significant similarities between two cases exist, then the same outcome should be reached. It’s important to note that the law can still evolve over time through case law. Statutory law in Florida is made up of laws passed by the legislature. These laws are either written in the Florida Statutes or in other documents. This means that the legislature can enact laws to address specific issues. These laws may supersede common law and provide more specific guidance. In conclusion, common law and statutory law are different types of law. Common law is based on court decisions, while statutory law is enacted by a legislative body. Common law is also based on the idea of precedent, while statutory law can address specific issues. Both types of law are important in Florida, and both are used to ensure justice is served.

Related FAQs

What is an S Corporation and what are its tax advantages?
What are the elements of a valid franchise agreement?
What is the Uniform Commercial Code (UCC)?
What are the legal implications of using electronic signatures in business transactions?
What are the implications of international securities transactions?
What is the difference between secured and unsecured creditors?
What are the types of items that can be secured by a security interest?
What is the Sarbanes-Oxley Act and what are its implications?
What is meant by "good faith" in a business transaction?
What are the remedies available for breach of contract?

What is the distinction between common law and statutory law?

Related FAQs

Related Blog Posts