Examlex
Why assume that firms maximize profit, when it is easy to find companies that pursue other goals such as saving rain forests (Ben and Jerry's) and sponsoring Mister Rogers (Sears)?
Judge-made Law
Refers to legal principles and rules that have been established by court decisions (common law) rather than by legislative enactment.
Legal System
The comprehensive framework of rules and institutions established by a society to regulate conduct, resolve disputes, and enforce laws.
Law of Equity
A branch of law that deals with fairness, rectifying wrongs, and providing remedies that are not available in common law.
Law and Morality
Refers to the relationship and distinction between the legal rules governing a society and the ethical principles that underlie them.
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