Explain the difference between the common law and statutory law
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U.S. law is based primarily on English common law, a system where laws were developed through the courts and through case decisions. The common law was based on the concept of precedent or stare decisis, which means "it stands decided.". This refers to the fact that a particular factual dispute was decided in one way by the court, and if the same factual dispute arises again, it must be resolved the same way. Statutory law refers to laws passed by the legislature. At the federal law, statutes are enacted by Congress.
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The Commerce Clause gives Congress the power to regulate commerce with:
A) Foreign nations. B) Among the several states. C) Indian Tribes. D) All of the above.
As a rule of thumb, a buyer's housing expense should never exceed 30% of monthly income
A. True B. False
Cash equivalents are certified funds, cashier’s check, or treasurer’s check.
Answer the following statement true (T) or false (F)