Statute law takes precedence over the others. Where it doesn't conflict with the written laws, contract law will be next. Common law is only relied on as a last resort.
Statute law typically takes precedence if there is a conflict. But if the contract is not breaking the law, the contract can be more strict than the law.
The state laws will be applied over and above the contract. A contract cannot violate the law at any level of jurisdiction.
common law is based on precedent rather on statute law
Statute Law, and precedent.
Where the law does not set a precedent to be followed by Courts lower in the Court hierarchy, it must turn to the Statute (or legislation) that is prescribed in that area
Trial courts are required to follow the law as it is. In the US, the law is "ranked" as follows: Constitution Statute Case law Regulations Additionally, federal law "trumps" state law. So, if a court is faced with a statute and a case that are in conflict, the court must follow the statute. This is one of the ways that congress "checks" courts. If the courts make a ruling on an issue, but congress does not like the precedent, congress can enact a statute that changes the law.
Conrtact law states that contracts are binding for as long as the contract is good for. Breach of contract is punishable in varying degrees depending on the contract clauses. There is no statute of limitation on contract laws and the contract takes effect as soon as you sign or agree via a provable method.
The statute of limitations for a breach of contract in the state of New York is 6 years. Generally the statute of limitations for contract actions begins once the facts that give rise to an action on the contract, such as breach come into being.
Arkansas's statute of limitations on a written contract is 5 years. Payments toll the statute of limitations. And be aware that the state law that applies could be different based on the actual contract language.
The statute of limitations on a written contract varies depending on the state. Some states allow for an oral contract. You also have to consider that the state law that applies could be different based on the actual contract language.
The selection of law can have an effect on the enforcement of a contract. Different states have different laws and such things as statute of limitations can make a difference.
Judges do not make law, they set precedent. The Legislature forms and passes statutes. Once someone is taken to court in violation of a statute, the Judge interpret the law and sets precedent for how the law should be interpreted in the future by equal courts within that district.
Texas's statute of limitations on a written contract is 4 years. They do not specify for an oral contract. And please be aware that the state law that applies could be different based on the actual contract language.