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ACCA F4 Corporate and Business Law
Essential Elements of the Legal System Law and the legal system
a)Define law and distinguish types of law.
b)Explain the structure and operation of the courts. Sources of law
a)Explain what is meant by case law and precedent. b)Explain legislation and evaluate delegated legislation.
c)Illustrate the rules and presumptions used by the courts in interpreting statutes. d)Identify the concept and impact of human rights law. What is law?
Distinction between Civil and Criminal Law
Feature Who bring action? Standard of proof Decisions Aims Remedies Sources of Law
Case law—judicial decisions, which serve as precedents in later cases;
Statute laws—made directly by Parliament or indirectly under Parliament's authority;
European Union law—EU Treaties and their secondary legislation, and decisions of the European Court of Justice.
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Civil Claimant V defendant Balance of probabilities Liable/Not liable(Judge) Compensation Damages Specific performance, injunction etc Criminal State V defendant Beyond reasonable doubt Guilty/Not guilty(Jury) Punishment Prison/Fines 1
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