According to the 'Earlier and Later' Rule of Statutory Interpretation

question 30

Multiple Choice

According to the 'earlier and later' rule of statutory interpretation:

• A)A later law will override and automatically repeal to the extent of any inconsistency an earlier law on the same topic.
• B)An earlier law will override and automatically repeal to the extent of any inconsistency a later law on the same topic.
• C)When two interpretations are possible we should favour the interpretation that leads to the penalty being less likely to be imposed.
• D)Where two interpretations of a provision in an Act are possible, one that is consistent with the Constitution and the other which is not, we should adopt the interpretation that is consistent with the Constitution.

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Definitions:

Manufacturing Overhead

All manufacturing costs that are not directly involved in the production process, such as maintenance, supervision, and utilities.

Operating Expenses

Costs related to the normal operations of a business, such as salaries, rent, and utilities, but excluding cost of goods sold.

Property Taxes

Taxes assessed on real estate by the government, typically based on the property's value.

Direct Materials

Raw materials that are traceable directly to the manufacturing of a specific product.