Which Statement Regarding the Appellate Jurisdiction of the Intermediate and Highest

question 58

Multiple Choice

Which statement regarding the appellate jurisdiction of the intermediate and highest level Texas appellate courts is incorrect?

• A) All courts have more than one justice.
• B) All justices are popularly elected for six-year terms.
• C) All cases involving money disputes can be appealed.
• D) Justices must be attorneys with prior legal or judicial experience.

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Definitions:

Accrued Interest

Interest that has accumulated over time but has not yet been paid by the borrower.

Beneath Face Value

Refers to when a security is trading for less than its nominal or face value.

Premium on Bonds

The amount by which the price paid for a bond exceeds its face value, often due to interest rates being lower than the bond's coupon rate.

Interest Method

A technique used in accounting and finance to calculate the interest between periods based on principal, rate, and time.