BLAW 3201 Quiz: Test 1 Business Law Notes (aced the test and got 96%)
Document Summary
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. Natural law dates back to greek philosopher aristotle who distinguished between natural law and the laws governing a particular nation. He said natural law applies universally to all human kind. The positivist school positive law- national law, which applies only to the citizens of that nation or society. People who adhere to this school believe there can be no higher law than a nation"s positive law. believe there is no such thing as natural rights, instead human rights exist solely because of laws. The historical school emphasizes the evolutionary process of law by concentrating on the origin and history of the legal system. it looks to the past to discover what the principles of contemporary law should be. Many different laws may affect a single business transaction.
