Explain the concepts of legal positivism, natural law, and legal realism as they relate to the field of jurisprudence
Legal positivism simply means: The law is what the sovereign says it is. The sovereign is the recognized political power whom citizens obey, so, in the United States, both the state and federal governments are sovereign. Therefore, whatever the sovereign declares to be the law is the law, regardless of whether it is right or wrong.
Natural law stems from the belief that the law must have a moral basis. Therefore, an unjust law is no law at all and need not be obeyed.
Legal realism says that it does not matter what is written as law; what counts is who enforces that law and by what process. Personal characteristics and biases influence this determination.
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Exhibit 7-2 Edwards Co purchased raw materials with a cost of $95,000 on March 2, 2015. Credit terms of 3/20, n/60 applied. Refer to Exhibit 7-2. If Edwards uses the net method and pays for the purchase on March 31, 2015, what amount is recorded in the Purchase Discounts Lost account?
A) $0 B) $2,850 C) $4,000 D) $8,000
________ refers to an effect of testing occurring when a prior observation affects a latter observation
A) Mortality B) Interactive testing effect C) Maturation D) Main testing effect
A company issued 5-year, 7% bonds with a par value of $100,000. The market rate when the bonds were issued was 6.5%. The company received $102,105 cash for the bonds. Using the effective interest method, the amount of recorded interest expense for the first semiannual interest period is:
A. $6,573.90. B. $3,318.41. C. $1,750.00. D. $3,500.00. E. $7,000.00.
Which is correct?
a. Lynne and her friend are planning to attend yoga class. b. Lynne and her friend is planning to attend yoga class.