At a recent computer show, you heard a student trying to explain our legal system to a man who recently immigrated from Russia. Which one of the student's statements, below, is correct?

Today, we are governed by statutes passed by our elected representatives as well as by judge$-$made law.

Judge$-$made law in England came from two traditions, civil law and parliamentary supremacy.

All the provinces follow law that stemmed from the English common law.

The chief characteristic of the common law is the theory of precedent. That is$,$ judges are bound by decisions of judges of the same or higher courts in that jurisdiction on the same point of law.

With the creation of our court system, the equitable tradition was lost. Today a judge of our superior court does not apply principles or remedies developed by the courts of equity.