According to the 'Give Each to Each' Rule of Common

question 51

Multiple Choice

According to the 'give each to each' rule of common law presumptions to statutory interpretation:

• A)the meaning of a word or phrase is to be derived from its context.
• B)where two or more specific words are followed by general words the general words are interpreted to accord with the class created by the specific words.
• C)where two offences are followed by two penalties the first penalty applies to the first offence and the second penalty applies to the second offence.
• D)if the legal text expressly states that it is to apply to certain specific things, then things not expressly included are by implication excluded.

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Definitions:

Contingent Liability

A possible financial duty that could emerge in the future, contingent on the result of a certain event.

Probable

A term used in accounting and finance to describe events or outcomes that are likely to happen or transactions that are likely to occur.

Estimable

Capable of being estimated or approximated in quantity or value.

Interest Calculations

The process of determining the amount of interest due or earned over a specified period of time, often based on principal amount, rate, and time.