Examlex
According to the law of demand, other things equal, when the price of a good or service falls, demand increases.
Plain-Meaning Rule
A principle of legal interpretation that directs courts to interpret statutes according to the ordinary meaning of the language used, absent a clear indication of an alternative intent.
Statutory Interpretation
Statutory interpretation involves the process by which courts determine the meaning and application of legislation.
Rule of Construction
A legal principle used to interpret the meaning and intent of statutes, contracts, or other legal documents.
Statute
A written law passed by a legislative body at the federal, state, or municipal level.
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