Question $11(1$ point$)$

You heard a fellow student trying to explain our legal system to a friend who recently emigrated to Canada. Which one of the following statements that he made is correct?

The chief characteristic of the common law is the theory of precedent; that is$,$ judges are bound by decisions of judges on superior 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.

Today, we are governed only by statutes passed by our elected representatives.

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