Statute Law Explained: Definitions and Classifications

What is a Statute?

A statute means any law, act, or enactment. Parliament is given the authority of lawmaking. According to Black’s Law Dictionary, “A statute is a formal written enactment of legislative authority that governs a country, state, city, or county.” In simple words, it is a law, enactment, or act.

According to Gray, the process by which a judge (or indeed any person, lawyer, or layman who has occasion to search for the meaning of a statute) constructs from the words of a statute book

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Contractual Defects: Incapacity, Mistakes, and Unfairness

Contractual Defects

Incapacity to Contract

Capacity is the legal power to give consent. Capacity depends on the ability to understand the consequences of a contract.

Six groups of persons with limited capacity:

  • Minors
  • Mentally Disabled
  • Intoxicated Persons
  • Corporations
  • Associations
  • Indigenous Persons and Public Authorities

Minors

The law states that everyone under the age of majority lacks capacity. A contract with a minor is voidable; the minor is entitled to avoid their legal obligations and may be relieved

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