CMA Foundation · Fundamentals of Business Laws and Business Communication · Sources of Law
Which of the following is the primary source of law that is enacted by Parliament or a State Legislature after following a prescribed procedure?
Statute or legislation is the source of law enacted by Parliament or a State Legislature through a prescribed procedure. Custom develops through long usage, precedent arises from judicial decisions, and scholarly opinion only persuades, so none of them is made by a legislature following formal law-making steps.
- ACustomary usage followed for generations
- BStatute or legislationCorrect
- CJudicial precedent
- DOpinions of legal scholars
Explanation
A statute is law made by a legislative body such as Parliament or a State Legislature through a formal law-making procedure. Custom grows through long usage, precedent comes from court decisions, and scholarly opinion is only persuasive, so none of these is enacted by a legislature.
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