In: Economics
Explained the following terms in essay type format;
A)Public Law
B)Common Law
C)Admiralty Law
D)Private Law
E)Tortuous Actions
Answer) A)Public Law-Public law is the part of law that governs relationships between legal persons and a government, between different institutions within a state, between different branches of governments, and relationships between persons that are of direct concern to society.
Answer)B)Common Law-Common law refers to cases as a source of law because courts make common law rules. This is the primary meaning of the term.
Commonlaw in this sense is contrasted with case law developed by the Court of Chancery and referred to as equity. 3. Common law describes a legal system that has common law as part of its law.
Answer ) C)Admiralty Law-
Maritime law, also known as admiralty law, is a body of laws, conventions, and treaties that govern private maritime business and other nautical matters, such as shipping or offenses occurring on open water. International rules, governing the use of the oceans and seas, are known as the Law of the Sea.
Answer )Private law is that part of a civil law legal system which is part of the jus commune that involves relationships between individuals, such as the law of contracts and torts (as it is called in the common law), and the law of obligations (as it is called in civil legal systems).
Answer Tortious interference, also known as intentional interference with contractual relations, in the common law of torts, occurs when one person intentionally damages someone else's contractual or business relationships with a third party causing economic harm.