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Business
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The agencies are created by a statute that states the power of the agency, however these statutes are vaguely worded giving full power to the administrative agency to deal with the given problem (Barnes, Bowers, Mallor, Langvardt, 2003).
The law made and applied by judges is common law (Barnes, Bowers, Mallor, Langvardt, 2003)...
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Common law is a collection of cases that have been decided in past proceedings and are not governed by statutes. Decisions from prior cases are used as precedents in deciding future cases. Common law only exists at the state level however both federal and state are concerned in directing it. As cases are decided they are coded and become part of common law...
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