What describes customs that are recognized by courts as law?

The term that describes customs recognized by courts as law is common law. Common law evolves from judicial decisions and precedents rather than written statutes. This body of law arises from the traditions and practices of a society that are consistently upheld by the courts over time. It plays a crucial role in legal systems, particularly in common law jurisdictions, where court rulings serve to interpret and clarify laws based on previous cases.

The Statute of Frauds pertains specifically to certain types of contracts that must be in writing to be enforceable and does not address customs recognized by courts. Forbearance refers to the act of refraining from exercising a legal right, while consideration is an essential element of a contract that involves something of value exchanged between parties. Both of these terms are related to contract law rather than the concept of customs serving as law in a broader legal context.