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Common Law

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Common Law
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Common Law
Introduction
In order to effectively interact with the legal department and staff, everyone must have some knowledge in respects to various areas of the law and the legal concepts that one will encounter on a day to day basis. Concepts and examples of common law, when it began, how it is used and where it is used as well as the sources will be discussed. The importance of precedent to the judicial decision-making process is also tied in with common law and how it is used when making court decisions and lastly, but just as important, knowing what equitable remedies means and how it is used in court decisions so as the Manager it is important that everyone is prepared to understand and have the ability to interpret the meanings of each concept.

Common law
Common Law is also called Anglo American Law or precedent. It emerged in England in the Middle Ages and it did not originally consist of substantive rights but procedural remedies. The English common law was developed from custom judges rather than legislatures in the English and U.S. courts. Common law, are laws based on court decisions in similar cases in the past. Although law and precedent originated in England they are being used in what used to be English colonies including this country. All other countries use a statutory system which is the theory behind the common law that should be reliable and predictable whereby, without it businesspeople would not be able to plan ahead and avoid legal liability. An example under the common law of agency and employments where they have the rights to hire and fire at will for no reason at all still exist and is subject to this law in certain situations. Common law is also called case law or precedent, which is developed by judges through the decisions of courts and similar tribunals. If an

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