common law principles

Common law principles refer to a body of law developed through court decisions rather than written statutes. In this system, judges interpret and apply laws by considering past rulings in similar cases, known as precedents. This approach allows the law to adapt over time, encouraging consistency and fairness. The principles emphasize that similar cases should be treated alike, ultimately providing a framework that balances stability with flexibility. Common law is primarily seen in countries that follow the Anglo-American legal tradition, influencing areas such as contract, tort, and property law.