Laws affecting the conduct of business derive from judgemade law, and also fromstatutory law. What happens if an Act of Parliament is inconsistent with judgemadelaw?

Select one:

a.

The Act of Parliament prevails, because parliament is the superior law-makingbody, and it has the power to modify the common law.

b.

The judgemade law prevails, because judicial law-making has a longer history than law-making by parliament, so it is therefore superior.

c.

Neither apply, because they cancel each other out. New law is then required inorder to regulate that particular business law issue.

d.

Both can apply, depending on whether the case is brought before the Federalcourts, or the State courts