ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -In other words a legal custom has its own independent stand and is not a creature of agreement, on the other hand a conventional custom or usage does not exist or arise out of any legal authority independently possessed by it; it arrives out of agreement between the parties.

Detailed explanation-2: -A General custom is that custom which prevails throughout the country and constitutes one of the sources of the law of the land. There was a time when common law was considered to be the same as the general custom of the realm followed from ancient times.

Detailed explanation-3: -Conventional custom may, again, be divided into two types-General Conventional. Customs and Local Conventional Customs. General Conventional Customs are extensively practiced throughout a particular territory; whereas Local Conventional Customs are limited to a particular place or to a particular trade or transaction.

Detailed explanation-4: -In India, the law accepts many customs. For example, the Hindu Marriage Act recognizes the Hindu marriage ceremonies. The Common law of England states that ‘long usage’ should be established.