CSEET · Business Laws and Management · Introduction to Law
Consider the statements about the sources of law: (I) Legislation is law enacted by a competent legislative body. (II) Judicial precedents are decisions of courts that can guide the decision of later similar cases. (III) Custom can never be a source of law in any legal system. Which statements are correct?
Only statements I and II are correct. Legislation is law made by a competent legislature and precedents guide later similar cases. Statement III is wrong because long-standing, reasonable and certain custom is recognised as a source of law.
- AI and III only
- BII and III only
- CI and II onlyCorrect
- DI, II and III
Explanation
Legislation and judicial precedent are recognised sources of law. Statement III is wrong because custom, if ancient, reasonable, certain and continuous, is recognised as a source of law, so options including III are incorrect.
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