Introduction Rule of law is a legal principle that its ideal is started long before 16th century England. The Oxford English Dictionary has defined "rule of law" this way: The authority and influence of law in society‚ esp. when viewed as a constraint on individual and institutional behaviour; (hence) the principle whereby all members of a society (including those in government) are considered equally subject to publicly disclosed legal codes and processes. Hence‚ it implies the idea of each citizen
Free Common law Law
Classification of Laws An important method of classifying law is according to the system in which it is created. • common law Rules of law created by the courts through judicial decisions. Courts “make law” as part of the process of deciding cases and controversies before them. The case law created in this process is based on a doctrine known as stare decisis. This doctrine is based on the notion that prior decisions provide guidance that should be followed in subsequent cases involving the
Free Common law Law
Law and Equity Essay (a) Outline the development of common law and equity. There was no system of law in England and Wales before 1066‚ as it was mainly based on customs which were just rules of behaviour and the other used to be the decisions of judges. The law in England and Wales built over the centuries. There were various methods of creating laws which were called “sources of law”. However‚ in the 18th Century Parliament became more powerful which lead the Acts of Parliament (statues) to
Premium Common law Law
Unwritten law is law that has not been enacted by the legislature (Parliament and the State Assemblies) and this law is not found in the written Federal and State Constitutions. This law is found in cases‚ which have been decided by the courts and local customs. Unwritten law is mainly comprised of: 1. English Law English law forms part of the laws of Malaysia. English law can be found in the English common law and rules of equity. However‚ not all of England’s common law and rules of
Free Common law Law
not appointed by the board – have a decisive say in managing from a distance. Other directors do not have to accept their advice – but must be ACCUSTOMED to doing so. It does not count if advice is being provided from a professional capacity. Case Law: Fyffes plc V DCC – argued Flavin was a shadow director of DCC. HELD: not a shadow director. A company can be a shadow director of another company. Fyffes case: HELD that DCC was probably a shadow director of Lotus green. De Facto directos: Act as
Premium Board of directors Tort Fiduciary
Chapter 1 Risk Management and Sources of Law Risk Management Risk Management – is the process of identifying‚ evaluating and responding to the possibility of harmful events. Risk Avoidance – A risks that should be avoided altogether. (Ex. Ford Pinto and exploding on impact) Risk Reduction – Risk that can be reduced to an acceptable level through precautions. (Ex. Banks loans and collateral) Risk Shifting – Risk that can be put on a different party. (Ex. hiring an independent contractor) Risk
Premium Law Common law
Assignment on University of Dhaka Laws Affecting Business Date: Tuesday‚ 28 May 2013 Submitted to: Prof. Dr. Abu Hossain Siddique Professor‚ Department of International Business University of Dhaka Submitted By: Rabiul Hasan Roll no. 256 6th Batch‚ Department of International Business University of Dhaka Executive Summery Business must operate within the boundaries of laws and government regulations. Laws have been developed not only to protect consumers but also to preserve
Free Common law Law
The role of the law "is a system of rules usually enforced through a set of institutions". (Wikipedia‚ 2007) These rules are governed and regulated as specific types of laws. Some types of laws are constitutional laws‚ which exist only at state and federal levels. (Mallor et al.‚ p.2‚p.3) This types of law sets up structure and oversee prevention of other government levels. (Mallor et al.‚ p.2‚p.3) Another type of law is Statues in which elected representatives draft a book or code that is authorized
Premium Law Common law
Common law and equity: the reasons behind the creation of equity. What is it and how is it different from common law? What is the present relationship between common law and equity? Methodology In order to provide a broader image of the principles applied by equity and the common law‚ secondary research was carried out. The process involved both gathering information from the internet websites and Business Law textbooks. Findings The development of English
Free Common law Law
1) Laws may be defined as a body of rules which are enforced by the state. There are two types of laws in Malaysia‚ those are written law and unwritten law. Written laws are laws which have been enacted in the constitution or in legislations. Besides‚ written laws refer to the law that is contained in a formal document and which has been passed by a person or body that is authorised to do so. In Malaysia‚ which has a written constitution‚ written law consists of the Federal and State Constitutions
Free Common law Law