BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A statute is a formal written enactment of a legislative authority that governs the legal entities of a city, state, or country by way of consent. Typically, statutes command or prohibit something, or declare policy.

Detailed explanation-2: -Statutory law in the United States consists of the laws passed by the legislature.

Detailed explanation-3: -A bill is proposed legislation under consideration by a legislature. A bill does not become law until it is passed by the legislature and, in most cases, approved by the executive. Once a bill has been enacted into law, it is called an act of the legislature, or a statute.

Detailed explanation-4: -A statute is a law enacted by a legislature. Statutes are also called acts, such as the Civil Rights Act of 1964 or the Sarbanes-Oxley Act.

Detailed explanation-5: -A directory statute is generally affirmative in its terms, recommends a certain act or omissions, but imposes no penalty on non observance of its provisions. A mandatory statute is one which compels performance of certain acts and directs that a certain thing must be done in a certain manner or in certain form.