Wex Legal Dictionary

common lawIn Fits at widespread regulation, the place the worth in controversy shall exceed twenty dollars , the appropriate of trial by jury shall be preserved, and no fact tried by a jury, shall be in any other case re-examined in any Court docket of the United States , than in keeping with the rules of the widespread legislation. First, widespread legislation courts usually are not absolutely sure by precedent, but can (when extraordinarily good reason is shown) reinterpret and revise the regulation, with out legislative intervention, to adapt to new trends in political, authorized and social philosophy Second, the frequent regulation evolves through a collection of gradual steps , that steadily works out all the small print, in order that over a decade or more, the law can change considerably however without a sharp break, thereby lowering disruptive effects.

United States federal courts solely act as interpreters of statutes and the constitution by elaborating and exactly defining broad statutory language ( connotation 1(b) above), but, in contrast to state courts, do not act as an unbiased supply of frequent law.

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The widespread theme in all cases is that industrial events search predictability and ease in their contractual relations, and regularly select the law of a typical regulation jurisdiction with a nicely-developed body of frequent law to achieve that result.