BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Law dictated by a sovereign or higher authority is called:
A
positive law
B
substantive law
C
common law
D
equity law
Explanation: 

Detailed explanation-1: -In general, the term “positive law” connotes statutes, i.e., law that has been enacted by a duly authorized legislature. [2] As used in this sense, positive law is distinguishable from natural law.

Detailed explanation-2: -Negative rights exist unless someone acts to negate them. A positive right is a right to be subjected to an action of another person or group. In the framework of the Kantian categorical imperative, negative rights can be associated with perfect duties, while positive rights can be connected to imperfect duties.

Detailed explanation-3: -The core idea of the distinction between positive and normative legal theory is simple: Positive legal theory seeks to explain what the law is and why it is that way, and how laws affect the world, whereas. Pormative legal theories tell us what the law ought to be.

Detailed explanation-4: -Black’s law dictionary defines positive law as “Law actually and specifically enacted or adopted by proper authority for the government of an organized society.” This is principally how Austin frames his notion of Law, which fundamentally constitutes Positive Laws for him.

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