CHAPTER 01

CHAPTER 01 - CHAPTER SUMMARY Nature of Law Definition of...

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Nature of Law Definition of Law “a rule of civil conduct prescribed by the supreme power in a state, commanding what is right, and prohibiting what is wrong” (Blackstone) Functions of Law to maintain stability in the social, political, and economic system through dispute resolution, protection of property, and the preservation of the state, while simultaneously permitting ordered change Legal Sanctions are means by which the law enforces the decisions of the courts Law and Morals are different but overlapping; law provides sanctions, while morals do not Law and Justice are separate and distinct concepts; justice is the fair, equitable, and impartial treatment of competing interests with due regard for the common good Classification of Law Substantive and Procedural Law Substantive Law law creating rights and duties Procedural Law rules for enforcing substantive law Public and Private Law Public Law law dealing with the relationship between government and individuals
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This note was uploaded on 10/14/2010 for the course BUS 5503 taught by Professor Sorrell during the Fall '10 term at Troy.

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CHAPTER 01 - CHAPTER SUMMARY Nature of Law Definition of...

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