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What is a characteristic of statutory law?

  1. Based on customs

  2. Passed by legislatures

  3. Derived from court rulings

  4. Established by regulatory agencies

The correct answer is: Passed by legislatures

Statutory law is legislation created and passed by legislative bodies, such as Congress, state legislatures, and city councils. This means that it is created and established by elected officials and not based on common customs, court rulings, or regulatory agencies. It is a formal written law that has been enacted by a governing body and is legally binding within that jurisdiction. Therefore, option B is the correct characteristic of statutory law.