Business, Legal & Accounting Glossary
n. statutory man-made law, as compared to “natural law,” which is purportedly based on universally accepted moral principles, “God’s law,” and/or derived from nature and reason. The term “positive law” was first used by Thomas Hobbes in Leviathan (1651).
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This glossary post was last updated: 30th April, 2020 | 0 Views.