CMA Intermediate · Business Laws and Ethics · Introduction to Law and Legal System in India
Which statement best describes the nature of law as a body of rules?
Law is a set of rules of conduct recognised and enforced by the State, with sanctions or remedies for breach. Unlike moral or religious rules, which depend on conscience or belief, legal rules are backed by the authority of the State.
- ARules of conduct enforced by the State, with sanctions for breachCorrect
- BMoral guidelines followed only if a person chooses to
- CReligious teachings binding only on believers
- DBusiness customs without any enforcement
Explanation
Law consists of rules of conduct recognised and enforced by the State through its authority, with penalties or remedies for violation. Morals, religious teachings and unenforced customs may influence behaviour but lack State-backed enforcement, which separates law from them.
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