ACCT2700-002 (Chapter 1)
5 Questions
3 Views

ACCT2700-002 (Chapter 1)

Created by
@IntricatePlanet8373

Questions and Answers

A statue is a primary source of law

True

Even if it conflicts with the U.S. Constitution, a state constitution is supreme within that states' borders.

False

The common law is a body of law developed from judicial decisions and the principles established in those judicial decisions.

True

On a challenge to a provision in a state constitution that conflicts with a provision in the U.S. Constitution:

<p>The state provision will not be enforced.</p> Signup and view all the answers

Once a court has applied a principle to a certain set of facts, that principle must generally be applied in future cases involving:

<p>similar facts.</p> Signup and view all the answers

Study Notes

Definition of Statute

  • A statute is a written law enacted by a legislative body.
  • They can be at federal, state, or local levels.

Characteristics of Statutes

  • Formal: Statutes are formally written and codified.
  • Public Accessibility: They are published and available to the public.
  • Stability: Statutes provide a stable source of law, as they remain in effect until amended or repealed.

Types of Statutes

  1. Public Statutes: Affect the general public (e.g., criminal law).
  2. Private Statutes: Affect specific individuals or entities (e.g., corporate legislation).
  3. Procedural Statutes: Govern the procedures of legal processes.
  4. Substantive Statutes: Define rights and duties.
  • Statutes serve as a primary source of law, alongside constitutions and case law.
  • They provide clear guidelines for legal standards and obligations.

Interpretation of Statutes

  • Courts interpret statutes to apply them to specific cases.
  • Rules of Interpretation: Include literal, purposive, and intentional approaches.

Limitations of Statutes

  • May be vague or ambiguous, requiring judicial interpretation.
  • Subject to amendments, which can alter or revoke existing laws.

Importance of Statutes

  • Create a framework for governance and societal order.
  • Enable legislative bodies to respond to new issues and societal changes.

Comparison with Other Sources of Law

  • Case Law: Based on judicial decisions; complements statutes by providing context.
  • Constitutional Law: Statutes must align with the constitution; conflicts can lead to invalidation.
  • Regulations: Created by administrative agencies, often detailed and specific, but must be based on enabling statutes.

Definition of Statute

  • Statutes are written laws created by legislative bodies at federal, state, or local levels.

Characteristics of Statutes

  • Statutes are formally structured and officially codified documents.
  • They are publicly accessible, ensuring transparency and awareness of the law.
  • Their stability allows them to remain enforceable until they are amended or repealed.

Types of Statutes

  • Public statutes impact the general population, such as criminal regulations.
  • Private statutes target specific individuals or organizations, often seen in corporate law.
  • Procedural statutes outline the processes of law and judicial proceedings.
  • Substantive statutes delineate legal rights and responsibilities of individuals or entities.
  • Statutes act as a fundamental source of law, working alongside constitutions and judicial case law.
  • They offer clear legal standards and define obligations for citizens and entities.

Interpretation of Statutes

  • Courts play a critical role in interpreting statutes for application in individual cases.
  • Various rules of interpretation are utilized, including literal meaning, purpose, and intent behind the statute.

Limitations of Statutes

  • Statutes can sometimes be unclear or vague, necessitating judicial clarification.
  • They can be amended, which can lead to changes or elimination of existing laws.

Importance of Statutes

  • They establish a framework necessary for governance and the maintenance of social order.
  • Statutes enable legislative bodies to adapt to emerging issues and evolving societal norms.

Comparison with Other Sources of Law

  • Case law emerges from judicial decisions and complements statutes by providing necessary context and precedents.
  • Statutes must be congruent with constitutional principles; conflicts may result in statutes being declared invalid.
  • Regulations arise from administrative agencies and are often very detailed, but they must derive from underlying statutes.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team

Description

This quiz covers the definition, characteristics, types, and roles of statutes within the legal system. It delves into how statutes are interpreted and their relevance as a primary source of law. Test your knowledge of statutory law and its implications.

More Quizzes Like This

Untitled
27 questions

Untitled

FastestGrowingRubellite9290 avatar
FastestGrowingRubellite9290
English Law: Common Law and Statutory Laws
10 questions
Use Quizgecko on...
Browser
Browser