CMA Foundation · Fundamentals of Business Laws and Business Communication · Sources of Law
Which of the following is the primary feature of 'enacted law' as a source of law?
Enacted law is law made by a legislative body through a formal, prescribed law-making procedure. It is different from custom, precedent and juristic writing, which develop in other ways. Hence legislation is the deliberate, authoritative creation of rules by a competent legislature, such as Parliament.
- AIt is made by a legislative body through a formal law-making procedureCorrect
- BIt is formed from long-standing customs of a community
- CIt is derived from judicial decisions in earlier cases
- DIt is derived from opinions of jurists and academic writers
Explanation
Enacted law, also called legislation, is made by a competent legislature following a prescribed procedure. Customs, judicial decisions and jurists' opinions are separate sources of law, so the other options describe different sources.
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