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Business Law Week 1 Busn 429

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Week 1 Assignment

Business Law

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Even though not all laws are defined by legislature, general rules have been put in place to maintain a legal standard. Being established by the English almost a thousand years ago, it moves with the times and allows changes to come in and set a new precedent or change what is already in place. Common law strives to maintain that standard by obligating judges to rule based on the precedents that have already been established. The sources of American law are separated into the primary and secondary sources. The primary source of law is mostly administrative. This consists of constitutions (federal and state), statutes and laws, regulations. The one that sets itself aside is Case law that provides a source of precedent. A secondary source of law interprets the legal jargon and uses it with the primary sources to establish the precedent. Depending on what the primary source being referenced is will determine the title of the secondary rule. If a statute is being interpreted then it will result in a statutory law. Not all secondary laws are required to be adopted by the states. Uniform laws can be accepted in part or not at all of the proposal from the National Conference of Commissioners. Precedent is a very important part of the decision making process. It protects the continuity of the legal system within any jurisdiction. That provides the legal standard in any case dependent on a similar case happening before. There is a first time for everything and there will be plenty more first time occurrences within our legal system. In those cases we look towards persuasive authority to help interpret laws into setting a standard from the first case and improving it as it shows more

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