Question: What Is The Best Definition Of Statutory Law?

What is meant by a statutory body?

Statutory bodies are established by acts which Parliament and State Legislatures can pass.

These bodies are entities shaped by an Act of Parliament or state legislatures and set up by the government to consider the data and make judgments in some area of activity..

What does statutory role mean?

the laws that a company, a government organization, or the members of a particular profession must obey: By charging such high prices for electricity, the company was found to be in breach of statutory duty.

What is the difference between a statute and a law?

Statute law is written laws originating from municipalities, states, or national legislatures; laws are written or unwritten guidelines or rules that are followed by communities. 2. Statutes are not cumulative; each legislative session has a separate volume. Laws are cumulative.

What is an example of a statutory law?

A police officer pulls you over, and you are given a citation for violating the speed limit. You have broken a vehicle and traffic law. This law is established by legislature as a statute, or a law that is formally written and enacted. As a result, the law you broke was a statutory law.

What is another word for statutory?

In this page you can discover 16 synonyms, antonyms, idiomatic expressions, and related words for statutory, like: legal, lawful, rightful, , contractual, regulation, legislative, regulatory, enforcement, provision and discretionary.

What you mean by statutory?

1 : of or relating to statutes. 2 : enacted, created, or regulated by statute a statutory age limit.

Which is an example of a statute?

The definition of a statute is a written law passed by a legislature or decree by a ruler. When the legislature makes a law that establishes rules for a specific type of taxation, this is an example of a statute.

What is meant by statutory law?

Introduction. We often speak of two broad sources of law: statute law (the law made by the Commonwealth, State and Territory Parliaments) and common law (for present purposes, the law made by judges in the exercise of both common law and equitable jurisdiction1).

Which is the best definition of a statute?

1 : a law enacted by the legislative branch of a government. 2 : an act of a corporation or of its founder intended as a permanent rule.

What is meant by common law?

Common law is a body of unwritten laws based on legal precedents established by the courts. Common law influences the decision-making process in unusual cases where the outcome cannot be determined based on existing statutes or written rules of law.

What is the statutory sector?

The Public or Statutory Sector The word statutory means ‘the law’, and the statutory services are ones which have been established by the law. The statutory sector therefore is the responsibility of the Government. There are 2 main divisions: central government and local government.

What is the difference between statutory and non statutory?

Statutory refers to something that is related toa formal law or a statute, and non-statutory isessentially another term for common law. If something isstatutory, it is based on laws or statutes. Ifsomething is non-statutory, it is based on customs,precedents or previous court decisions.

What is the opposite of statutory?

Opposite of of, relating to, enacted or regulated by a statute. illegal. illegitimate. illicit. unlawful.

What is the purpose of a statute?

The statute is viewed as seeking to protect both the operation and the integrity of the government, and “covers all matters confided to the authority of an agency or department.” United States v.

What is meant by statutory company?

Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations governing its employees and its relationship with government departments. … It is a corporate person and has the capacity of acting in its own name.