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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Last year, when the stock of Alpha Minerals was selling for $49.50 a share, the dividend yield was 3.4 percent. Today, the stock is selling for $41 a share. What is the total return on this stock if the company maintains a constant dividend growth rate of 2.2 percent?
A. 6.13 percent B. 6.58 percent C. 6.40 percent D. 6.47 percent E. 6.38 percent
The Euro is the currency used by ________
A) NAFTA B) MERCOSUR C) the EU D) the WTO E) GATT