Principles and Foundations of Economic Law
Classified in Law & Jurisprudence
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Law: A Fundamental Positive Source
In legal doctrine, law is conceived as a mandatory rule established by the authority under the CPR, intended to remain in effect and sanctioned by force.
Characteristics of Economic Law
- Generality: A general rule aimed at regulating the application of economic policy instruments. As Planiol argues, "what characterizes the law is not the number of people it governs, but the indeterminacy of the cases for which it was issued."
- Requirement: Everyone must abide by its provisions. This is an inherent feature embodied in two aspects:
- a) An obligation to fulfill its mandate.
- b) The obligation to respect the rights established for third parties by the legal text.
- Empire: The coercive force that ensures obedience to the law,