Difference between Common and Statute Law?

Answer

The difference between Common law and Statute Law is that the former refers to law that changes with time depending on past practices and customs while the latter refers to a particular law passed by the state legislature.
Q&A Related to "Difference between Common and Statute Law?"
"Common law" refers to the law that evolves over time based on past customs and practices. A "statute" is a specific law that is passed by the government.
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Statute law is law made by legislatures in their role as law making bodies. This is the type of law that most affects us everyday. Common law is the compilation of judges decisions
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Common Law is the body of law that has evolved over centuries starting in the Middle Ages where judges pass judgements in accordance with precedents set in similar cases. Most civil
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1. Review the lending agreement. Identify the date on which you as the borrower first failed to meet the repayment schedule. Identify any provisions in the agreement, such as arbitration
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1 Additional Answer
Statute law refers to the laws that have been passed by the legislature and have been written down and codified for use. While a common law refers to the laws that are more or less that's the way it has always been done. Common law normally relies upon the body of history and prior cases to establish what the rules are, this is one of the reasons why lawyers study past cases so much.
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