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Interpretation of Statutes is a crucial area of legal study focused on understanding the true meaning of laws. This field helps determine how laws should be applied in real-life situations, based on the intent of the legislature. It involves various principles like literal, golden, and mischief rules, and tools like judicial precedents, maxims, and external aids. Statutory interpretation also requires reconciling conflicts within laws and ensuring they are flexible enough to adapt to societal changes. By using logical reasoning, judicial expertise, and legislative intent, it ensures that laws remain relevant, fair, and just in modern society.