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Author Question: Sales of goods made by nonmerchants are not governed by the Uniform Commercial Code, Article 2 ... (Read 84 times)

jeatrice

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on: Aug 3, 2018
Sales of goods made by nonmerchants are not governed by the Uniform Commercial Code, Article 2
 
  Indicate whether the statement is true or false

Question 2

Explain the difference between the common law and statutory law.
 
  What will be an ideal response?


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josephsuarez

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Reply #1 on: Aug 3, 2018
Answer to Question 1

False

Answer to Question 2

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.


jeatrice

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Reply #2 on: Aug 3, 2018
Thanks


josephsuarez

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Reply #3 on: Aug 3, 2018
Welcome :)


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