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Untied States Legal System

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The legal system in the United States is essentially a common law system that depends heavily on the decisions in previous cases. What does this system mean for the development of law, and how does this system affect the ability of firms to consider the legal impacts of actions that they are considering? Reference required.

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The legal system in the United States depends on decisions in previous cases but at the same time it also depends on several levels of codified law (10. The most important part of the US law is the United States Constitution. The Constitution sets the limits of the Federal Law. The law consists of acts of Congress; Senate ratified treaties, executive branch regulations, and decisions in previous cases. The law develops when there are acts of Congress, treaties ratified by the Senate, regulations developed by the executive branch, and more decisions in cases. The result is compiled and codified in the ...

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The answer to this problem explains the Untied States legal system and its impact on a firm . The references related to the answer are also included.