Final answer:
The rule of law is the term used in law to denote the spirit and habits of fairness, justness, and right dealing that regulate interactions between people. It refers to the process of enacting laws that protect individual and entity rights and ensure laws are clear, public, fair, and enforced, applicable to all members of society.
Step-by-step explanation:
The term that denotes the spirit and habits of fairness, justness, and right dealing which would regulate interaction between people in law is the rule of law. The rule of law refers to the process of enacting laws that protect individual and entity rights, ensuring that laws are clear, public, fair, and enforced, and applicable to all members of society.
For example, under the rule of law, no one is above the law, and both government and private actors are accountable under the law. Just laws are clear, publicized, stable, and applied evenly, protecting fundamental rights. The processes by which laws are enacted, administered, and enforced are accessible, fair, and efficient. Accessible and impartial dispute resolution is also emphasized, ensuring justice is delivered in a timely manner.
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