Statutory law is always a written law pertaining to a specific region. Custom (or customary law) is a non-written, but generally practised law. For instance, many aboriginal communities around the world incorporate customary law into their society based on historical community standards.
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A "statute" refers to a codified law. A "statutory instrument" is a document that derives its power or authority from a statute.
Statute.
Why is statutory law important to politicians? Because local politians (i.e. guvernors) have direct influence to these written laws within a state. In difference to the constitutional laws that have the same impact across the country. For example the death penalty laws between the states of U.S. differ while the voting system as a consitutional law is the same for all states.
difference between labor law and social legislation
A statutory body deals with written law; non-statutory deals with implied law.
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Fundamental law is the law determining the constitution of the government of a state, while statutory law is the body of laws created by legislative statutes.
Statutory would be those mandated by law, voluntary would be those agreed upon between employer and employee.
Answer: legal and statutory reserves There is no difference. Both legal and statutory reserves are reserves that must be maintained by law. The previous answer ("Legal reserves are stipulated by law, while statutory reserves are determined in the Articles of Association (the Statute of a company)") is incorrect: the primary meaning of 'statutes' is 'enacted laws'
AnswerAccording to Black's Law Dictionary, blackletter lawrefers to one or more legal principles that are old, fundamental, and well settled. Many of those principles have been codified in statutory law. Although laws are sometimes stricken as unconstitutional, most statutory law is well settled so blackletter law could be used to refer to statutory law although it has a broader meaning than just statutory law.
A statutory body deals with enforcing legislation for a country or state. An autonomous body is a company that regulates its own company law.
Common law is based on custom and precedent, whereas statutory law is based on legislated statutes.
A "statute" refers to a codified law. A "statutory instrument" is a document that derives its power or authority from a statute.
The difference between a custom and a folkway is that a custom is more formal. A custom is something that is expected. A folkway may be common, but it is not something that one feels is expected or mandatory.
Statute.
Organizations must comply with statutory requirements by law. Whereas regulatory requirements may or may not have been legally set forth. They are generally used to manage or control an activity.