Description: Your Rights in 20 seconds, Common Law Explained in 60 seconds, Common Law vs Civil Law, Legal Systems explained, United States Court Common Law Rights, The Legal Systems We Live In Today, Express Trusts Under Common Law - Part 1
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Common law (also known as case law or precedent ) is law developed by judges , courts , and similar tribunals, stated in decisions that nominally decide individual cases but that in addition have precedential effect on future cases. Common law is a third branch of law, in contrast to and on equal footing with statutes which are adopted through the legislative process, and regulations which are promulgated by the executive branch .
A "common law system" is a legal system that gives great precedential weight to common law, so that consistent principles applied to similar facts yield similar outcomes. The body of past common law binds judges that make future decisions, just as any other law does, to ensure consistent treatment. In cases where the parties disagree on what the law is, a common law court looks to past precedential decisions of relevant courts. If a similar dispute has been resolved in the past, the court is usually bound t
common law is a legal system named after judge-made law, which plays important role in it.