ACCA F4 - Corp and Business Law (ENG)

34 2: Sources of law  Part A Essential elements of the legal system

Rules

Legal reasoning

Status of the court

Ratio decidendi only

Similar material facts

CASE LAW

Sources of Law

Common law

Legal reasoning

Must be interpreted by

the courts – in line with:

European Convention

on Human rights

Presumptions

Aids

Rules

Literal

Purposive

Contextual

Other (subsidiary) rules

LEGISLATION EU LAW

Equity

Doctrine of judicial

precedent –

consistency in the law