Which of the Following Is Correct with Respect to the Role

question 109

Multiple Choice

Which of the following is correct with respect to the role of statutes in our legal system?

• A) A statute, if it is clear and concise and properly passed, will always override common law and equity.
• B) In Canada, most new laws follow the Civil Code legal system.
• C) Where a properly passed provincial statute is in conflict with a well-established common-law principle, the statute will be void.
• D) Once a statute has been interpreted and applied in a court, a subsequent judge in a lower court is not required to follow that decision if he disagrees with it.
• E) Only the federal parliament may enact statutes.

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Definitions:

Superstars Market

An economic concept where top performers in a field earn disproportionately high incomes compared to others.

Earnings Reflect

The process by which a company's profits demonstrate its financial health and operational success.

Marginal Revenue Product

The additional revenue a firm generates from employing one more unit of input, such as labor or capital.

Competitive Labor Markets

Labor markets characterized by numerous employers and employees where neither side can individually influence wages or employment conditions, leading to market-determined outcomes.