Do You Think That We Have an Obligation to Obey

question 43

Essay

Do you think that we have an obligation to obey the law? What if the law is unjust? Would we still have an obligation to obey it? Or would we instead say that the law in question was not properly a law, since it was unjust? What do your answers to these questions tell you about (a) your views concerning the nature of law; (b) your views concerning the nature of obligation?

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Definitions:

Deferred Tax Implications

The financial effects on future tax payments or receipts due to temporary differences between the book value and tax base of assets and liabilities.

Issued Shares

Shares that have been allocated to shareholders by a company, representing ownership in the company.

Net Assets

Net assets represent the total assets of a company minus its total liabilities, indicating the actual value of a company’s equity held by shareholders.

Acquisition

The process by which one company takes over another company either by purchasing its assets or its stock.