Which statement about common law is true?

The assertion that common law is established through court precedents is accurate. Common law refers to a body of unwritten laws based on legal precedents established by the courts. This system allows for the interpretation of statutes and the application of established legal principles to resolve new cases. In this way, the decisions made in previous cases inform future rulings, leading to a consistent and evolving legal framework grounded in judicial decisions.

Other aspects of common law entail that it is not solely confined to a federal context, as it is also prominently applied at the state level. Additionally, common law coexists with statutory law, rather than excluding it; thus, statutory law can codify or modify common law principles. Recognizing the role of judicial precedent is essential in grasping the nature and function of common law in the broader legal landscape.