Antiprohibitionist.org aims to deliver highly informative and concise articles about legal issues, regulations, and laws from all over the world. Think of it as a melting pot of all legal references on a global scale. The website is not only aimed towards giving you a fresh insight on the laws that protect you, but it also gives people a chance at understanding how the laws work and how they can work it to their advantage. Laws have been around since the earliest civilizations and kingdoms were created. They have undergone several modifications with each passing era and generation, trying to [...][continue reading...]
One of the eminent and important legal thinkers Sir William Blackstone define law in general as one that signifies rule in any type of action. In a more specific sense and in the context of social order, law is defined by legal experts as that institution or set of institutions in a given society that adjudicates conflicting claims and secures compliance in a formal, systematic, and orderly way. However, laws are not the only elements that maintain social order as there are other mechanisms in keeping that societal status or condition. Laws can be classified also into voluntary and coercive determined by the means on how compliance is secured. Voluntary law relies in voluntary means or methods to secure compliance examples of which include social pressure and boycotts. The Law Merchant, which a system of commercial law that emerged in the late Middle Ages in response to the need for a common set of standards to govern international trade, is an example of this type of law. In order to ensure compliance, enforcement is through credit reports and those who refused to abide by the system will find it difficult to conduct trade and find.Read more...
A legal system is generally understood or defined as a legal framework of a country consisting of a written or oral constitution, primary legislation or statutes enacted by the legislative body of such country, implementingby laws and regulation made by person or bodies authorized to do so, customs and traditional practices, and principles or practices of civil, common, religious, or other codes of law. Today, most of the world’s legal system can be generally classified into The legal systems of the world today are generally based into civil law, common law, religious law or by the combinations of these. There are diverse groups of countries that follow any or both of these systems.
Civil law is a legal system, which is also referred to as the Continental European law. This system is considered as the most widely used system of law around the world these days. This system has a central source of law recognized as authoritative like a constitution or statute passed by legislatures.Read more
The philosophy of law is basically defined as the formulation of concepts and theories to aid in understanding the nature of law, the sources of its authority, and its role in society. Those who are considered philosophers of law are usually trying to give a definitive answer or definition as the various questions and issues that involve the. The most prominent of these issues, which is also dominating the substantial discussion among law experts and scholars is the question, “What is law?”
There are several schools of thought or theories offered with regards this issue. First is the natural law theory, which asserts that there are laws that are immanent in nature and thus enacted laws should correspond or resemble them as closely as possible. Another school of thought is the so called legal positivism, which says that the law is defined by the social rules or practices that identify certain norms as laws. Legal scholars who adhere to this view believe that law is the command of the sovereign backed by the threat of punishment.read more...
When we think about the history of the law, we think about the history of the human race. It is probably the embodiment of the human experience that has withstood all throughout the different centuries. When you think about the history of the law, you cannot think of the law as one single entity. Rather, you have to see it as something that encompasses aspects of our lives that go beyond legislation, and it is mirrored through our usage of the law.
The history of the law cannot be defined or limited to one society or community alone. For example, the history the law in pre-literate Africa societies are completely different from the history of the law in a Western civilization. However, it is safe to say that the history of the law can be traced back as far as 3000 BC, taking us all the way back to the Ancient Egypt civilization, where a civil code was divided into twelve different books. This civil code was based on Ma’at, which is characterized by rhetorical speech, tradition, impartiality and equality. The first law was formulated during the 22nd century BC, and was said to have been formulated by Sumeran ruler Ur-Nammu, which was made up of caustic statements like if and then.read more...
Laws And Regulations That Govern Banking And Other Financial Services Financial institutions all over the world and the transactions they handle regularly are subjected to various forms of regulatory control and supervisions like laws, standards and requirements, restrictions and guidelines primarily for the purpose of ensuring that the integrity of the financial system worldwide is maintained and kept stable. If not, then confusing and conflicting system is put place resulting only to inefficient, unfair, and unproductive dealings and transactions. Business banking and securities laws and regulations are some of the specific areas of financial supervision. The scope and provisions of [...]
Understanding The Basic Of Bankruptcy Laws In general, bankruptcy and debt polices and laws put in place in different countries have two main purposes for companies or businesses saddled by huge amount of financial obligations. First is to reduce, restructure, or eliminate existing debts and second is to reorganize and rehabilitate ailing companies so that they could become viable once more thus enabling them to honor their financial borrowings. In the United States for instance, a business can either opt for the so called Chapter 7 or 11 protection provided under the U.S. Bankruptcy Code. What is the effect on [...]
Several aspects shift the values of real estate on both ends, that is, high or low prices. Crime rates have increased at a rapid rate nowadays. It has been seen that the rate of crime in the surroundings has a significant impact on commercial real estate values.High crime rates prove to be detrimental to public safety. As the severity of crime increases, consumer confidence is at risk. Therefore, potential buyers are hesitant in purchasing commercial real estates in such areas, which entail a high crime risk factor. As the crime rates increase, people are unable to acquire the desired level [...]
Antiprohibitionist.org aims to deliver highly informative and concise articles about legal issues, regulations, and laws from all over the world. Think of it as a melting pot of all legal references on a global scale. The website is not only aimed towards giving you a fresh insight on the laws that protect you, but it also gives people a chance at understanding how the laws work and how they can work it to their advantage. Laws have been around since the earliest civilizations and kingdoms were created. They have undergone several modifications with each passing era and generation, trying to [...]Following The Proper And Legal Steps In Closing A Business
There are several reasons why a business or company closes primary among those is the fact that it is not profitable. Other common reasons are bankruptcy, insolvency, dissolution, labor disputes, and sometimes owners just got tired of running their businesses and decide to be in pleasurable retirement fully. However, closing a business will have to follow several procedures in order to be done properly and to avoid causing problems later on. This move is not as simple as closing and locking forever the doors of your shop. Depending on the existing laws and regulations in your place or the place [...]