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Judicial economy or procedural economy [1] [2] [3] is the principle that the limited resources of the legal system or a given court should be conserved by the refusal to decide one or more claims raised in a case.
Like all terms implied by courts, customs can be excluded by express terms or if they are inconsistent with a contract's nature. [8] Lord Devlin in Kum v Wah Tat Bank Ltd. [9] summed up the policy of the law: Universality, as a requirement of custom, raises not a question of law but a question of fact.
In law, a question of law, also known as a point of law, is a question that must be answered by applying relevant legal principles to the interpretation of the law. [1] Such a question is distinct from a question of fact , which must be answered by reference to facts and evidence as well as inferences arising from those facts.
State courts tend to require a similar set of circumstances, although some states permit their courts to give advisory opinions on questions of law, even though there may be no actual dispute between parties to resolve. [8] Unlike federal courts with limited jurisdiction, state courts are not bound by the “case or controversy” clause
The historical antecedents of law and economics can be traced back to the classical economists, who are credited with the foundations of modern economic thought.As early as the 18th century, Adam Smith discussed the economic effects of mercantilist legislation; later, David Ricardo opposed the British Corn Laws on the grounds that they hindered agricultural productivity; and Frédéric Bastiat ...
This means that if a later law and an earlier law are potentially—but not necessarily—in conflict, courts will adopt the reading that does not result in an implied repeal of the earlier statute. Lawmaking bodies usually need to be explicit if they intend to repeal an earlier law.
The choice of law rules for contracts are more complicated than the law affecting other obligations because they depend on the express or implied intentions of the parties and their personal circumstances. For example, questions as to whether a contract is valid may depend on the capacity of the parties to enter into a contract.
Ordinary words are given their ordinary meaning, technical terms are given their technical meaning, and local, cultural terms are recognized as applicable. The plain meaning rule is the mechanism that prevents courts from taking sides in legislative or political issues. [ 2 ]