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7 terms

Business Law

STUDY
PLAY
Law
Enforceable rules governing relationships among individuals and between individuals and their society
Jurisprudence
The study of law
Natural Law
Denotes a system of moral and ethical principles that are inherent in human nature and that people can discover through the use of their natural intelligence, or reason
Positive Law
...or National Law. It is the written law of a given society at a particular point in time. This law applies only to the citizens of that nation or society.
Historical School
Emphasizes the evolutionary process of law b concentrating on the origin and history of the legal system.
Legal Realism
Based on the idea that law is just one of many institutions in society and that it is shaped by social forces and needs.
Sociological School
Views law as a tool for promoting justice in society.