In Which of the Following Situations Is the Supreme Court

question 38

Multiple Choice

In which of the following situations is the Supreme Court most likely to grant certiorari?

• A)A state government has a legal conflict with a city government.
• B)A lower court ruling conflicts with a previous Supreme Court ruling.
• C)The justices believe a lower court made a mistake in a routine ruling.
• D)A key issue in state law must be settled.
• E)Lower courts have made the same consistent but incorrect ruling on a single issue.

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Definitions:

Net Realizable Value

The estimated selling price in the ordinary course of business minus the estimated costs of completion and the estimated costs necessary to make the sale.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was acquired.

Fair Value

The estimated market value of an asset or liability, reflecting what a willing buyer would pay a willing seller in an arm's length transaction.

Salary Allowance

An agreed amount of money paid regularly to an employee on top of their salary for specific purposes, such as travel or housing.