Common Law Civil Law
Date Submitted: 09/10/2006 05:05:37
Category: / Science & Technology / Astronomy
Length: 3 pages (763 words)
Category: / Science & Technology / Astronomy
Length: 3 pages (763 words)
CIVIL-LAW AND COMMON LAW TRADITION: A
COMPARATIVE APROACH
Civil law primarily contrasted against common law. The significant
difference is that, historically, common law was developed by
custom whereas civil law was developed by legal principles and the
interpretation of doctrinal writings rather than application of facts to
legal fictions. 'Common-law is extremely decentralized in terms of
the source of law (making place for evolving cultural changes) is
highly centralized in its administration because of the …
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…Wessel,D.2005).
'From the business side, civil law countries shows heavier regulation,
weaker property rights protection, more corrupt and less efficient
government and less political freedom than do common law
countries. In civil law countries investors are less certain of their
property rights and few people own stocks. Therefore, bond and
stock markets are smaller and more companies are controlled by a
few big holders.'(Wessel, D.2005) This situation discourages
investment and economic growth.
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