UNC School of Law The University of North Carolina at Chapel Hill Tania Anggraeni, 08/06/2022 Hugo Grotius, the founder of a purely rationalistic system of natural law, argued that law arises from both a social impulse—as Aristotle had indicated—and reason. Immanuel Kant believed a moral imperative requires laws “be chosen as though they should hold as universal laws of nature”. Jeremy Bentham and his student Austin, following David Hume, believed that this conflated the “is” and what “ought to be” problem. At first, equity was often criticised as erratic, that it varied according to the length of the Chancellor’s foot. However, a thorough and detailed legal system generally requires human elaboration. Law and commerceCompany law …