An Opinion in a Case That Does Not Create Precedent

question 159

Multiple Choice

An opinion in a case that does not create precedent is called a

• A) memorandum.
• B) plurality.
• C) majority.
• D) minority.

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Definitions:

Economy

The collective system of production, consumption, and trade of goods and services within a particular area or country.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, highlighting the trade-offs involved.

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid by the borrower to the lender for the use of their funds.

Expected Profit Rate

The forecasted return on investment, predicting the percentage of profit relative to costs.