Introduction to Mercantile Law Chapter 1
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Questions and Answers

How does a citizen typically perceive the concept of law?

  • As principles for decision making
  • As a matter to create
  • As a vocation to practice
  • As a set of rules to obey (correct)

    • According to Salmond, what is law?

  • Guiding principles for judges in decision making
  • A principle or rule of conduct
  • The body of principles recognized and applied by the state in the administration of justice (correct)
  • A set of rules created by the legislator

    • What does Cardozo's definition of law emphasize?

  • Guiding principles for decision making
  • The set of rules created by legislators
  • The body of principles applied by the state
  • A principle or rule of conduct that will be enforced by the courts if its authority is challenged (correct)

    • What role does law play according to jurists?

    <p>Rules and principles regulating relations with others and the government</p> Signup and view all the answers

    What is the main purpose of the rule of law according to the text?

    <p>To avoid conflicts and increase harmony in society</p> Signup and view all the answers

    How do judges primarily view law?

    <p>As a guiding principle for decision making</p> Signup and view all the answers

    Study Notes

    What is Law?

    • Law is a general term defined differently by various jurists, resulting in differing opinions on its true nature and meaning.

    Perspectives on Law

    • To a citizen, law is a set of rules to be obeyed.
    • To a lawyer, law is a vocation practiced by them.
    • To a legislator, law is a matter they create.
    • To a judge, law serves as a guiding principle for decision-making.
    • Law includes rules and principles that regulate relations with other people and the government.

    Definitions by Jurists

    • According to Salmond, law is "the body of principles recognized and applied by the state in the administration of justice".
    • According to Cardozo, law is "a principle or rule of conduct so established as to justify a prediction with reasonable certainty that it will be enforced by the courts if its authority is challenged".

    Purpose of Law

    • The rule of law is a mechanism to regulate the conduct of people in society for increasing harmony and avoiding conflicting interests of different sections of people.

    Jurist

    • A jurist is a person with expert knowledge of law; someone who studies, analyses and comments on law.

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    Description

    This quiz covers the concept of law in mercantile law, exploring different perspectives on its meaning and nature.

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