Certified Professional Contract Manager (CPCM) Practice Exam 2025 - Free CPCM Practice Questions and Study Guide

Case law is primarily composed of formal rulings made by judges that establish legal precedents. These rulings arise from the decisions made in individual court cases, which can serve as guides for future cases with similar circumstances. When courts interpret statutes or apply legal principles, their decisions become part of the body of case law, contributing to the development of legal standards and frameworks. This body of law is dynamic and evolves as new rulings are made, allowing it to respond to changing societal norms and legal interpretations.

The other options represent different sources of law but do not specifically define case law. Statutes passed by legislatures are formal written laws that govern various aspects of society but do not encompass the judicial interpretations and rulings at the heart of case law. Legal opinions from law firms may provide analysis or guidance but are not authoritative legal precedents themselves. Administrative regulations pertain to rules and orders issued by governmental agencies and do not stem from judicial decisions.