What are the differences between common law and civil law governing international business?

Common law and civil law are two different types of law that govern international business in California. Common law is based on decisions made by judges and past court precedents and is not codified into a set of laws. This means that common law may change over time as new decisions are made. On the other hand, civil law is a set of laws codified in a structured format, such as statues or regulations. Common law is often used to regulate international business transactions. This is because common law provides a degree of flexibility that civil law may not. For example, common law allows judges to interpret the outcome of a case based on the facts of the case and other precedent decisions, whereas civil law requires that a business transaction follow a set of laws that are more fixed and less open to interpretation. Civil law, however, can provide a degree of certainty in international business transactions. This is because businesses know exactly what actions are allowed and prohibited and can create contracts that reflect these laws. Additionally, civil law is usually written in a language that is easier to understand than common law, which can make it simpler for businesses to understand their obligations. Overall, the differences between common law and civil law governing international business transactions in California lie mainly in the degree of flexibility and certainty that each type of law can provide. Common law allows for more flexibility in outcomes, while civil law provides a more certain set of rules and regulations. Both types of laws can be useful in regulating international business, depending on the specific situation.

What are the differences between common law and civil law governing international business?

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