CMA Foundation · Fundamentals of Business Laws and Business Communication · Sources of Law
Which statement correctly reflects the nature of law as a body of rules in an organised society?
Law is dynamic and changes over time as the needs of society, the economy and technology change, which is why Acts are amended and new laws made. It is not fixed forever, does not depend on individual consent, and does more than punish.
- ALaw is fixed forever and never changes with social and economic conditions
- BLaw is dynamic and changes over time as the needs of society changeCorrect
- CLaw applies only to the persons who consent to it individually
- DLaw is meant only to punish and has no role in regulating relationships
Explanation
Law is dynamic: it evolves with social, economic and technological change, for example through amendments and new Acts. It binds persons regardless of individual consent and also regulates relationships, not just punishes wrongdoing. So only the statement on changing needs is correct.
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