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PAGE 1
LEGAL FOUNDATIONS OF BUSINESS
MANAGEMENT – 354
UNIT 1 OUTLINE
LEGAL ENVIRONMENT OF BUSINESS
Chapter One: Intro to Law and Legal Reasoning
NATURAL LAW AND POSITIVE LAW
? Law: A body of enforceable rules governing relationships among individuals and between individuals and their society.
? Natural Law: That system of moral and ethical principles that are inherent in human nature and can be discovered by humans through the use of their natural intelligence (e.g., murder is wrong, parents are responsible for the acts of their minor children).
Positive Law: The body of written law adopted
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