What are the significances of Rule of Law?

Answer 1

The significances of Rule of Law are:The supremacy of law, which means that all persons (individuals and government) are subject to law.ii.A concept of justice which emphasises interpersonal adjudication, law based on standards and the importance of procedures.iii.Restrictions on the exercise of discretionary power.iv.The doctrine of judicial precedent.v.The common law methodology.vi.Legislation should be prospective and not retrospective.vii.An independent judiciary.viii.The exercise by Parliament of the legislative power and restrictions on exercise of legislative power by the executive.ix.

An underlying moral basis for all law.

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