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Author Question: Sales of goods made by nonmerchants are not governed by the Uniform Commercial Code, Article 2 ... (Read 67 times)

jeatrice

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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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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.





 

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