Business Law for Engineers, Vol. 1 (Classic Reprint)

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Excerpt from Business Law for Engineers, Vol. 1Common Law and Statute Law. Law is conveniently and properly divided into two kinds: Common Law and Statute Law. Of these, Statute Law, as its name indicates, consists of laws and ordinances passed in set terms by the proper legislative bodies. The Common Law may be properly appreciated if it be stated that it represents the determination of what is right and wrong as found by the judges (or courts to which various cases have been submitted by parties to legal controversies, the decisions of the courts, so far as these are known to us, are found in the printed reports of cases which have been decided by courts of sufficient dignity to warrant perpetuating their decisions, and together they cover so large a field of probable dispute as to form a fairly complete guide as to the rules of conduct prescribed by the Common Law.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.