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Law by definition: All the rules of conduct that have been approved by the government and which are in force over a certain territory and which must be obeyed by all persons on that territory (eg. the "laws" of the USA). Violation of these rules could lead to government action such as imprisonment or fine, or private action such as a legal judgment against the offender obtained by the person injured by the action prohibited by law. Synonymous to act or statute although in common usage, "law" refers not only to legislation or statutes but also to the body of unwritten law in those states which recognize common law.

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Keep close track of the important stuff.  The appraisals and other documents you piled up on a property you purchased years ago don't have much current legal or practical impact. But knowing where the actual closing statement or final settlement statement is important, because it helps establish your basis in the property for when you eventually sell it.

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