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Our legal system is rife with other problems. The reforms suggested above represent a starting point for eliminating some of the worst abuses and positioning the country for economic growth to ...
Another reason for capital market imperfections associated with limited commitment is the ability of the borrower to renegotiate the terms of the contract ex post. Even though the contract is signed as a secured loan, because of the enforcement costs, the lender never gets the full payment in case of default. Ex post, the borrower always has ...
Open justice is a legal principle that requires that judicial proceedings be conducted in a transparent manner and with the oversight of the people, so as to safeguard the rights of those subject to the power of the court and to allow for the scrutiny of the public in general.
A legal tradition or legal family is a grouping of laws or legal systems based on shared features or historical relationships. [1] Common examples include the common law tradition and civil law tradition. Many other legal traditions have also been recognized. The concepts of legal system, legal tradition, and legal culture are closely related.
In the civil law tradition, a legal good is an interest or right that the legal system protects. Legal goods are a central concern of criminal law . According to some theories, the state can only legitimately punish conduct if that conduct interferes with a legal good established in fundamental principles of law, such as a constitution.
Law Professor Jonathan Turley rejects April Ryan's claim that President Joe Biden was George Washington-like when he vetoed the Judges Act. With tens of thousands of federal cases backlogged, we ...
Similarly, in many common law legal systems, where there is an assignment of a debt, the assignee cannot enforce the rights of the assigning creditor against the debtor unless notice of the assignment has been given, and until notice of the assignment has been given, the debtor can still discharge the debt by paying the money to the creditor ...
Legal cynicism is a domain of legal socialization defined by a perception that the legal system and law enforcement agents are "illegitimate, unresponsive, and ill equipped to ensure public safety." [ 1 ] [ 2 ] It is related to police legitimacy , and the two serve as important ways for researchers to study citizens' perceptions of law enforcement.