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What is the common law and why is it important to contracts?

April 26, 2017contracts Ethics government Law & Ethics politics

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What is the common law and why is it important to contracts?

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Common law is law created by judicial courts through trials. It’s very important because other courts use prior decision or common law to determine verdicts and remidies. Contract law deals mostly with common law. The ohter two types of law are legislative and government agency law.