Business Finance Essay

1872 words - 8 pages

Objectives of the course:-
• Enable the students to think in a more abstract or general fashion than is generally achieved in the study of specific areas of law and demonstrate the same in answering questions.
• Enable the student to develop the willingness to question and think independently and to find out more in the study of law.
• Discuss critically the definition of law
• Explain the various scholars position on their attempt to define the meaning of law
• Distinguish law from morality; justice
• Explain the various classification of laws
• Discuss the functions of law in society
Nature of law
Meanings given to the word law
The word ...view middle of the document...

• Proper law: A basic definition of law that focuses on its practical nature is that it is the totality of rules made and/or approved by parliament and the courts which govern how people are supposed to conduct themselves and which are enforced by courts of law.
What is law?
The quest to find the nature or essence of law has perplexed legal and political philosophers. It is also not within our course content to try and produce a conclusive answer to the question.
However, an analysis of the works of legal scholars in the field of jurisprudence shows that the failure to produce a conclusive answer in this matter is not because the question is difficult but such a question is ambiguous.
For example: there could be several constructions to …
The question: What is the nature, or essence, of law?
Let us look at two possible conceptions to the question which could be derived and therefore producing different answers:-
1. The question could be looked as addressing the definition of law (i.e. what is the definition of “law”) therefore being a linguistic question rather than being a question about the phenomenon of law. … What we have looked at; in the different conception of law above.
2. The other possible answer could seek to answer what is the formula or in other words what is the criterion of validity of law? In this the analyst would be aiming at producing a criterion or rules for identifying law regardless of the legal system that law applies. However a criterion of validity is necessary in relation to a particular legal system. Scholars have espoused theories in trying to establish the phenomenon of law. These theories have been categorized in various schools of thought based on the scholar's orientation. We will consider some schools of thought as follows:-
Natural Law:-
Natural law theory asserts that there are laws that are immanent in nature, to which enacted laws should correspond as closely as possible. This view is frequently summarised by the maxim an unjust law is not a true law , lexiniusta non estlex, in which 'unjust' is defined as contrary to natural law.
• Natural law is closely associated with morality and, in the version of the many scholars who ascribe to these school natural law ascribe to the intentions of God.
• To oversimplify its concepts somewhat, natural law theory attempts to identify a moral compass to guide the lawmaking power of the state and to promote 'the good'.
• Notions of an objective moral order, external to human legal systems, underlie natural law.
What is right or wrong can vary according to the interests one is focused upon. Some of the scholars who ascribe to this school of thought include:- Aristotle, Thomas Aquinas, Thomas Hobbes; Lon Fuller, John FinnisLegal Positivists:- The scholars in this school of thought (positivists) view on law can be seen to cover two broad principles:
(a) That laws may seek to enforce justice, morality, or any other normative end, but their success or failure in...

Other Essays Like Business Finance

Campaign Finance Essay

1168 words - 5 pages enterprises, and reforms are necessary to fix these loopholes; therefore, campaign finance laws need reform. Companies see elections as a business, so they do not necessarily back the candidate with the ideas that coincide with their financial goals. In “Democrats and citizens united: an unlikely embrace,” Andy Kroll uses an expert opinion to logically convey that these super PACs will back any candidate they see as having the best chance to win the

Trade Finance Essay

3037 words - 13 pages CHAPTER 8 AN INTRODUCTION TO TRADE FINANCE The absence of an adequate trade finance infrastructure is, in effect, equivalent to a barrier to trade. Limited access to financing, high costs, and lack of insurance or guarantees are likely to hinder the trade and export potential of an economy, and particularly that of small and medium sized enterprises. As explained in Chapter 1, trade facilitation aims at reducing transaction cost and time by

Finance Management

1082 words - 5 pages Examination Paper of Finance Management 1 IIBM Institute of Business Management IIBM Institute of Business Management Examination Paper MM.100 International Finance Section A: Objective Type & Short Questions (30 Marks)  This section consists of Multiple choice & Short Note type questions.  Answer all the questions.  Part One carries 1 mark each & Part Two carries 5 marks each. Part One: Multiple choices: 1. Foreign exchange

Islamic Finance

2537 words - 11 pages Description Risk/Consequence Leverage Borrowing to finance investment Bubble that leads to bankruptcy Asset-liability mismatch The disparity between a bank’s deposits and its long term assets leads to the inability of banks to renew short term debt they used to finance long term investments in mortgage securities Bank runs Regulatory failure Improper (insufficient/excessive) regulatory control: -Insufficient regulation: 1) Results in failure

Corporate Finance

3864 words - 16 pages Objectives Corporate finance in emerging markets is a complex field for managers and academics. Most of the models used in investments and corporate finance have been developed under the assumption of at least moderately efficient markets, but this assumption seems to be questionable when moving to less developed markets. Emerging markets are not efficient markets; they are characterized by higher information asymmetries, higher transaction

Finance Basic

1807 words - 8 pages Finance The study of money and how it is used. Finance considers the relationship of money to time and risk. One of the main subsets of finance is the study of credit and banking, as this involves money, time, and risk all together. Finance may deal with personal or corporate issues, such as how will an individual or company acquires the money needed to perform a certain act. Debt. A debt is an obligation to repay an amount you owe. Debt

Micro Finance

990 words - 4 pages There are several business models how Microfinance institution (MFI) operates. Generally speaking, MFI provides micro loans or insurance to the poor to spur their self-reliant entrepreneurs. On one hand, micro loans give the low-income people an opportunity to discover full potential for developing their own business and to bring home the bacon. On the other hand, micro insurance helps the poor manage variety risks, such as health risk and

Personal Finance

1804 words - 8 pages because they give the client access to funds upon demand, either limited or unlimited depending on the type of account. The main purpose of these accounts are to offer clients, personal or business, a secure means of storing, transferring, spending, or saving money. The first and most common type of DDA is a checking account. A checking account offers the convenience of being able to deposit and withdraw funds and issue checks, or drafts, to

Finance 330

805 words - 4 pages ethics" is a wonderful idea but an impractical standard. There are simply too few benefits to be gained from maintaining high business ethics. False 4. There is an inverse relationship between bond ratings and the required return on a bond; The required return is lowest for AAA rated bonds, and required returns increase as the ratings get lower (worse). False 5. The balance sheet is a financial statement

International Finance

4512 words - 19 pages MFI 442 International Finance-Individual Assignments II Name Institution MFI 442 International Finance-Individual Assignments II Over the years, global businesses are increasing rapidly because most countries are attractive and have lucrative policies that attract foreign direct investments (FDIs). Foreign direct investments are simply business entities operated by a corporation in one country (the home country) but with

Finance Homework

2711 words - 11 pages a. Why is corporate finance important to all managers? Corporate finance provides the skills managers need to: (1) identify and select the corporate strategies and individual projects that add value to their firm; and (2) forecast the funding requirements of their company and devise strategies for acquiring those funds. b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the

Related Papers

Business Finance Essay

1069 words - 5 pages net present value calculation. Accountants compute net present value by identifying all cash flows from a current or new business opportunity. Cash flows include acquisition cost, disposal cost for new assets, training costs and future dollars earned through sales generated from the new opportunities. Accountants total all cash flows by year. They apply a discount factor to the cash flows and then sum the difference. The result is the net present

Business Finance Essay

2731 words - 11 pages BUSINESS FINANCE FAO: DIRECTORS, NATURALLY FRESH PLC CONTENTS Page(s) 1. Introduction 3 2. Required Rate of Return on Equity 3 3. Beta 3 4. Capital Asset Pricing Model 4 5.1 Limitations of CAPM 4 5.2 The APT Model 4 5.3 The Three-Factor Model 4 5.4 Required Rate of Return using APT or Three-Factor 5 Model 5. Bonds

Finance Is The Blood Of Any Business

1053 words - 5 pages Finance is the Blood of any business Finance is the lifeblood and nerve center of a business, just as circulation of blood is essential in the human body for maintaining life; finance is a very essential to smooth running of the business. It has been rightly termed as universal lubricant that keeps the enterprise dynamic. No business, whether big, medium or small can be started without an adequate amount of finance. Right from the very

Development Finance Essay

5941 words - 24 pages business activities and credit for emergency and for the fulfillment of life cycle needs. Many Development Financial Institutions (DFIs) give finance for to the persons that contribute to the development of economy. For this purpose these DFIs facilitates poor for savings and deposits and a source of funding which is crucial for DFIs to promote their sustainability, decrease their dependence on donor money, and strengthen their resilience. While