When Resolving Contractual Conflicts,what Laws Do the Courts Usually Apply

question 28

Multiple Choice

When resolving contractual conflicts,what laws do the courts usually apply?

• A) the Contracts Act
• B) the Sale of Goods Act
• C) Judges make all decisions based on principles of fairness and equity.
• D) Judges apply common law and occasionally statutory law.

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Definitions:

Social Security Tax

A tax imposed on employers and employees alike to finance the Social Security program, offering benefits for retirement, disability, and survivors.

Personal Income Tax

A tax that individuals pay on their earnings to the government, usually structured in progressive brackets.

Internet Tax Freedom Act

A U.S. law enacted in 1998 that bars federal, state, and local governments from taxing Internet access and imposing discriminatory internet-only taxes such as bit taxes, bandwidth taxes, and email taxes.

Tax Collections

The process of gathering taxes by government authorities from individuals and businesses.