A Body of Law Developed from Custom or Judicial Decisions

question 70

Multiple Choice

A body of law developed from custom or judicial decisions in English and U.S.courts and not attributable to a legislature is known as:

• A)Civil law
• B)National law
• C)Common law
• D)Statutory law

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Definitions:

Annual Percentage Rates

A measure of the cost of credit, expressed as a yearly rate, including interest and other charges.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.

Fixed Period

Refers to a specific duration of time that does not change, often set for contracts or payments.