Question
The positivist school postulates that
Solution
Legal Positivism is a jurisprudential approach to interpreting law in positive terms. It seeks to separate law from its ethical and modern concerns and focuses more on its structure and origin. Some of the main influential thinkers of this school were John Austin, Jeremy Bentham and Thomas Hobbes. Legal Positivism has these basic tenets: · Law is a command by a human sovereign. · Law is separate from morality and has no identifiable ethical concerns. · Law should be studied positively i.e. “What is law?” and not normatively i.e. “What should law be?” · Study of Legal concepts is separate from historical or sociological analysis. · Legal system is self sufficient, to make decisions, it does not need to have social concerns. · Precedence of facts over moral judgements.
Calculate Net operating Profit Ratio:
The Reserve Bank of India removed restrictions on individuals from opening interest-earning Foreign Currency Accounts (FCA) in order to make India’s I...
In which year National Institute of Bank Management (NIBM) was established?
The contributions of additional amount of Rs.50,000 towards NPS is allowed deduction under which section of the Income Tax Act?
Which section of the BRSR reporting framework focuses on information about the listed entity, including subsidiary companies?
Which of the following is NOT a role of project sponsors in project finance?
The FSIB is responsible for r ecommending to the government the person for appointment to the Board of financial institutions . What is the full form of...
Determine the cash flow from investing activities during the year based on the following: Cash flow from operating activities: 180,000 Cash flow from fi...
With reference to the NBFCs, consider the following statements:
1. It is a company registered under the Companies Act, 1956
2. NBFC c...
Planning involves
A) Forecasting
B) Choice among alternative courses of action.
C) Wishful thinking
D) Decision only by production manager