Management and Organizational Studies 2275A/B Lecture Notes - Rand Formula, Precedent, Chattel Mortgage

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Natural law theorists only good rules are considered law. Legal positivists only the rules enacted by those with authority to do so qualify as law. Legal realists rules that the courts are willing to enforce are considered law. Law is the body of rules made by the government that can be enforced by the courts or by other government agencies. Substantive law established not only the rights an individual has in society but on the limits of his or her conduct (guarantees the right to travel/vote/own property) Procedural law determines how the substantive law will be enforced. Public law includes constitutional law that determines how the country is governed and laws that affect an individual"s relationship with the govt. Private law rules that govern our personal social and business relations enforced by one person suing another in a private and civil action. Stare decisis following precedent , system of justice, which the judges were required to follow each other"s decisions.

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