Which statement is NOT true regarding common law?

Common law is indeed characterized by its development through judicial decisions and precedents established by courts, making options that reference these aspects true. Additionally, common law is distinct from statutory law, which is legislation enacted by a governing body.

The statement regarding common law being codified law is not true. Common law refers to legal principles and rules that have been developed by the decisions of judges in courts, as opposed to being specifically written down or passed as statutes by a legislative body. Statutory laws are codified, meaning they are formally organized and written, while common law exists in a more fluid state, allowing it to evolve over time through continuous judicial interpretation. This distinction is critical in understanding the different sources of law and how they interact within the legal system.