The Rate Is Usually Written as a Decimal or Fraction

question 45

True/False

The Rate is usually written as a decimal or fraction but rarely as a percent.

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Definitions:

Procedural Law

The body of law controlling public bodies such as courts, as they create and enforce rules of substantive law.

Private Law

A branch of law that deals with matters between private individuals or institutions, rather than involving the state.

Contract Rules

The legal principles that govern the formation, execution, and enforcement of contracts.

Substantive Law

The set of laws that governs the rights and duties of individuals and collective bodies, in contrast to procedural law.