In Sales Distribution Corp

question 47

Multiple Choice

In Sales Distribution Corp. v. Consumer Products Co., the court decides that a precedent is incorrect or inapplicable. The court

• A) may rule contrary to the precedent.
• B) must apply the precedent.
• C) must refuse to decide the particular case.
• D) must "stand on the decided case."

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Definitions:

Income Going

The flow of earnings or revenue generated from economic activities or investments over a given period.

Labor Force

The total number of people available for work, including both the employed and those actively seeking employment.

Inflation

A general increase in prices and fall in the purchasing value of money.

Total Output

The total quantity of goods and services produced in an economy over a specified period.