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Types and Classification of Law:
Rules of law may be classified as like;:
Written Law:
These are rules of law into a written form that have been reduced. So they are embodied in a formal document like example as The Constitution of Kenya, laws made through parliament (statutes). All such laws prevail above unwritten Law.
Unwritten Law:
These are rules of law into written form that have not been reduced. Therefore they are not embodied in any single document like example as African Customary Law, Hindu Law, Islamic Law, Common Law, Equity. Whether their existence must be proved.
National or Municipal Law:
Further these are rules of law operational surrounded by the boundaries of a country. Therefore it regulates the relation between citizens and between citizens and the state. Hence it is based on Acts of Parliament and religious and customary practices of the people.
International Law:
Whether it is a body of rules in which regulates relations between countries or states and other international persons egg United Nations. Thus it is based on international agreements of treaties and general principles and customary practices of states.
Contracts of Guarantee However a contract of guarantee or suretyship is such a contract through one person to answer that for the debt, such default or miscarriage of another.
Frantic Fast Foods had earnings after taxes of $420,000 in 2012 with 309,000 shares outstanding. On January 1, 2013, the firm issued 20,000 new shares. Because of the proceeds from
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