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blawnotes - Business Law 12:48 PM Law Enforceable rules...

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Unformatted text preview: Business Law 2/21/08 12:48 PM Law Enforceable rules Governing principles Jurisprudence The study of different schools of legal philosophy The Natural Law Theory Government and legal system should reflect universal moral and ethical principles Positive Law ( legal Positivism) • Is the written law of a society at a particular point in time Historical School • Concentrates on the origin and history of legal system • Looks ot the past to determine laws for the present Legal Realism • Judges should take economic and social realities into account • Influence the sociological school o Law is a tool for promoting justice o Primary Sources of US Law • Constitutional law • Statutory law • Administrative law • Common law Constitution • Establishes governmental structure • Allocates power among branches • Specifies rights and liberties of the people • Restricts powers of government Statutes...
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