Henry David Thoreau felt that war was unjust and therefore refused to pay his taxes when the United States declared war on Mexico. If Henry David Thoreau's neighbor agreed that war was unjust but paid his taxes because the law required him to pay the tax, the neighbor would be applying the jurisprudence theory of
A. legal positivism.
B. natural law.
C. legal realism.
D. common law.
Answer: A
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What is the IRR of the F-22 Raptor project? The Lockheed Martin/Boeing F-22 Raptor is a stealth fighter aircraft. It was designed primarily as an air superiority fighter, but it is also capable of ground attack and other roles
Lockheed Martin Aeronautics is the prime contractor and is responsible for the majority of the airframe, weapon systems and final assembly. Lockheed Martin invested over $10B on design and manufacturing for the aircraft. Assume that those investments were paid for on Jan 1, 2003. Each aircraft will be sold for $350M and the variable cost of building each airplane is $300M. Assume that 70 aircraft will be sold each year for 5 years. Thus annual revenues are $24.5B and annual costs are $21B. Assume that revenues and costs occur at year-end with the first year of operating cash flows occurring on Dec 31, 2003. Lockheed-Martin's cost of capital is 10% and the NPV of the project is $3.268B. What is the IRR of the project?(Assume that there are no taxes.) Date Investments Revenues Costs Jan. 1, 2003 -$10B Dec. 31, 2003 $24.5B $21B Dec. 31, 2004 $24.5B $21B Dec. 31, 2005 $24.5B $21B Dec. 31, 2006 $24.5B $21B Dec. 31, 2007 $24.5B $21B A) 7.24% B) 8.50% C) 9.76% D) 10.50% E) 22.11%
Primary actors and secondary actors do the same thing, but in a different way
Indicate whether the statement is true or false
Experts attribute the growth of nongovernmental organizations to:
A. The globalization of marketing and converging consumer preferences. B. The creation of global stock exchanges and enhanced currency transactions. C. Greater openness in many societies. D. All of these answers are correct.
Carson Company faces a probable loss on a pending lawsuit where the amount of the loss is estimated to be $500,000. The journal entry to recognize the potential loss is:
A) Debit Prepaid Legal Expense $500,000; credit Contingent Legal Liability $500,000. B) Debit Legal Expense $500,000; credit Lawsuit Payable $500,000. C) Debit Contingent Legal Expense $500,000, credit Contingent Legal Liability $500,000. D) Debit Lawsuit Payable $500,000, credit Contingent Legal Liability $500,000. E) No journal entry is required.