Glossary entry

English term or phrase:

"rules of law"

English answer:

legal precepts

Added to glossary by airmailrpl
Jul 21, 2011 06:35
12 yrs ago
34 viewers *
English term

"rules of law"

English Bus/Financial Law (general) convertible promissory no
"this waiver has been duly and validly executed and delivered by such member and constitutes valid and binding obligations of such member, enforceable against such member in accordance with its terms, subject to laws of general application relating to bankruptcy, insolvency, and the relief of debtors and other laws of general application affecting enforcement of creditors' rights generally and ***rules of law*** governing specific performance, injunctive relief and other equitable remedies"


What does "rules of law" exactly mean?
Thanks in advance.
Change log

Jul 25, 2011 15:40: airmailrpl Created KOG entry

Responses

+7
36 mins
Selected

legal precepts

"rules of law" => legal precepts

pre·cept (prspt)
n.
1. A rule or principle prescribing a particular course of action or conduct.
2. Law An authorized direction or order; a writ.
http://www.thefreedictionary.com/precept
Peer comment(s):

agree amarpaul : Correct. *Rules of law* have been formally codified and are on the statute ... as opposed to being only general custom or "case law" ie. based on the opinion or prior rulings of the courts.
7 mins
thank you
agree Charles Davis : Precisely. As amarpaul says, the plural makes all the difference.
21 mins
thank you
agree Thayenga
38 mins
thank you
agree B D Finch : Though, I believe that amarpaul is wrong about formal codification and meant "statute book", rather than a particular "statute". Rules of law cover both substantive and procedural rules.
1 hr
thank you
agree vierama : = legal norms. written as well as case law. a rule of law is an abstract idea put in statutes, court decisions, and any recognized source of law.
1 hr
thank you
agree Phong Le
4 hrs
thank you
agree AllegroTrans : yes - all legal precepts - from the statute book, court rulings, custom, etc.; beware of assuming "codification" as much of the law of common law countries is NOT codified
6 hrs
thank you
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4 KudoZ points awarded for this answer. Comment: "Thanks."
-2
21 mins

Submit to, obey and be regulated by law


That individuals, persons and government shall submit to, obey and be regulated by law, and not arbitrary action by an individual or a group of individuals.


See link below for further info.
Hope it helps!
Peer comment(s):

neutral amarpaul : Not quite ... there is a difference between "rules of law" and "rules of law"
20 mins
That"s your opinion. Read the attached link!
disagree Armorel Young : doesn't fit this context of "rules of law governing specific performance, injunctive relief and other equitable remedies"
1 hr
ok guys got the point!
disagree B D Finch : Amarpaul is correct, "rules" in the plural does make all the difference.
1 hr
Mistakes are only human aren't they?
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28 mins

Rule according to law

There are three general meanings for "rules of law"-
Rule according to law; rule under law; or rule according to a higher law

In this case, this means rules according to law, that is, liability can only be imposed as far as the law allows.
Peer comment(s):

neutral amarpaul : Again ... there is a difference between "rules of law" and "rules of law"
15 mins
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9 hrs

to be governed by the applicable laws

This, in the context here, refers to the legal rules applicable (and then it goes on to mention eg the areas of law that may be relevant here).


This is not referring to "Rule of Law" as a legal concept. (note is does not say Rule of Law in the question) It simply says that it is to be governed by the applicable laws.
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