Law`s concept

Law: is a system of rules and guidelines which are enforced through socialinstitutions to govern behavior, It shapes politics, economicsand society in numerous ways and serves as a social mediatorof relations between people.

Sources of law:
Sources of law may be classified into Legal and Historical sources as well as Formal and Non-formal sources. Legal sources are those which arerecognized as such by law itself. Historical sources are those sources lacking formal recognition by law. The legal sources of law are authoritative and are allowed by the law courts as of right. Thehistorical sources of law are unauthoritative. They influence more or less extensively the course of legal development, but they speak with no authority. All rules of law have historical sources but not allof them have legal sources.
FORMAL SOURCES OF LAW
Precedents
Precedent is one of the sources of law. The judgements passed by some of the learned jurists became another significant source of law.When there is no legislature on a particular point which arises in changing conditions, The judges depend on their own sense of right and wrong and decide the disputes. such decisions become authorityor guide for subsequent cases of a similar nature and they are called precedents. The dictionary of English law defines a judicial precedent as a judgement or decision of a court of law cited as anauthority for deciding a similar state of fact in the same manner or on the same principle or by analogy. Precedent is more flexible than legislation and custom. It is always ready to be, used.Legislation
Legislation is that source of law which consist in the declaration of legal rules by a competent authority. Legislature is the direct source of law. Legislature frames new laws amends, the oldlaws and cancels the existing in all countries. In modern times this is the most important source of law making. The term legislature means any form of law making. Its scope has now been restricted so...