Positive laws are passed and promulgated by competent and legitimate
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Analyze if the statement is either TRUE OR FALSE.
Transcribed Image Text:Positive laws
are passed and
promulgated by
competent and
legitimate
authority.
Human Positive
laws are also
known as man-
made laws.
As a rule,
Human Positive
Law imposes a
duty of
obligation on
the residents
and citizens of a
given country
where it is being
implemented.
Substantive
laws provide for
the manner
through which
rights that are
breached will be
enforced.
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