BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Uniform Acts
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A balancing act
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constitutions
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frameworks
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Detailed explanation-1: -Statute law or Statutory law is a law that is created by the legislation, for e.g. the State Legislature. A statute is a formal act of the legislature in written form. A legislature is a kind of assembly with the power to pass, amend and repeal laws. Statutory laws are the basic framework of the modern legal system.
Detailed explanation-2: -A temporary statute is enacted for specific purposes and for a specific time period and gets repealed after the expiry of that particular period or fulfillment of that purpose. A permanent statute which is also known as a perpetual statute is enacted with a long term goal and gets repealed by the subsequent statute.
Detailed explanation-3: -/ˈstætʃ.uːt/ a law that has been formally approved and written down.
Detailed explanation-4: -There are generally two types of statutes: Temporary statutes are those statutes which has to passed every year whereas permanent statutes are those which remain in enforce until repealed or amended. There is no time period mentioned in the temporary statutes.