ECONOMIC LAWS Concept of Law: Law means “rule or conduct”. A law expresses the causal relationship between two sets of phenomenon. Like other sciences‚ economics also collects facts and undertakes their systematic study. The facts are analysed and conclusion drawn. These conclusions establish causal relationship between the concerned facts. These are called laws or generalisations. Collection of facts ⇨ Systematic Study of facts ⇨ Establishment of facts ⇨ Analysis of facts ⇨ Conclusion has
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Bankruptcy Law Bankruptcy law in the US has two goals: to protect a debtor by giving them a fresh start free from creditor’s claims‚ and to ensure equitable treatment to creditors who are competing for debtor’s assets. Bankruptcy Proceedings * The role of Bankruptcy Courts * Bankruptcy proceedings are held in federal bankruptcy courts. * These courts fulfill the role of an administrative court for the federal district court concerning matters in bankruptcy. * These matters
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Topic: The Law of Attraction Claim: "People who ask the universe for money or career success using the principles of the ’law of attraction ’ are more likely to receive money and career success.” The law of attraction is about what you put into the universe. The law of attraction is a thought process‚ what you think is sent out into the universe. The universe will then receive your thoughts and then you should receive what you have asked back from the universe. Many people believe the law of attraction
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Describe the approach of the Natural Law theory to moral decision making Natural law is an absolute and deontological ethic which alligns itself to teleological aspects of morality. Cicero stated that ‘True law is right reason in accordance with nature.’ which is his definition of what is good‚ essentially linking it to the views of natural law. According to natural law‚ all humans know what is right and wrong as it is in their nature. Therefore‚ right and wrong do not need to be taught as
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Law and Morality Law and Morality: Enforcement of Morals There has been an ongoing debate about the relationship between law and morality. Numerous writers and philosophers have proffered arguments on how law is affected by morality. The question it is believed is no longer if morality affects law‚ it is to what extent is law affected by morality? And should there be any limitations on the relationship between law and morality? The law and morality conflict has been persisting for many years
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Laws of Exponents Here are the Laws (explanations follow): Law | Example | x1 = x | 61 = 6 | x0 = 1 | 70 = 1 | x-1 = 1/x | 4-1 = 1/4 | | | xmxn = xm+n | x2x3 = x2+3 = x5 | xm/xn = xm-n | x6/x2 = x6-2 = x4 | (xm)n = xmn | (x2)3 = x2×3 = x6 | (xy)n = xnyn | (xy)3 = x3y3 | (x/y)n = xn/yn | (x/y)2 = x2 / y2 | x-n = 1/xn | x-3 = 1/x3 | And the law about Fractional Exponents: | | | Laws Explained The first three laws above (x1 = x‚ x0 = 1 and x-1 = 1/x) are just part
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Hostile Witnesses – Structure of Answer 1. “The issue here is whether [counsel] can discredit their own witness‚ [witness’s name]‚ in the witness box?” a. When calling a witness‚ the caller expects their testimony to be favourable to the case. When this doesn’t happen‚ the caller will want to attack the witness to destroy the effect of the evidence. b. Whether you can do this depends on whether the witness is hostile or merely unfavourable. c. Usually crops up in examination-in-chief
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The vague‚ subjective‚ and indeterminate nature of Canadian obscenity law has been called “the most muddled law in Canada.” Recognizing that consistency and objectivity are important aspects in the running of any successful legal system‚ the Supreme Court of Canada has attempted to systematically clarify and modernize obscenity law. The ruling in R. v. Butler marked the transformation of the law of obscenity from a "moral-based" offence to a "harm-based" offence. The courts are now asked to determine
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Drug Laws and Drug Law Enforcement Since the late 19th century‚ the federal and states governments of the United States have enacted laws and policies to deter the use and distribution of illegal drugs. These laws and policies have not only deemed what drugs are legal and illegal‚ but have also established penalties for the possession and distribution of these substances and established federal agencies to control drug use and administer drug law enforcement. This essay will not only examine
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are three types of propriety rights which can exist at law; they are property rights‚ personal rights and equitable property rights. The first interest to consider is the lease given to Simon. To establish whether Richard will take subject to the interests one would need to consider whether the interest is capable of being legal. A lease has the potential of being created at law‚ as it is one of the two legal estates listed under s.1 (1) (b) Law of Property Act 1925‚ as a term of years absolute. The
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