If a Judge Rules a Certain Way on a Case

question 22

Multiple Choice

If a judge rules a certain way on a case because prior cases of similar nature were subject to the same rule, that judge could be said to be relying on which of the following?

• A) Precedent
• B) Judicial review
• C) Strict construction
• D) Broad construction
• E) Judicial activism

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Definitions:

Prime Institutional

High-quality services or investment products catered to large institutional investors, typically offering premier levels of performance and service.

Construction Loans

Short-term loans used to finance the building of a property, with funds released incrementally as construction progresses.

Mortgage Trust

A type of investment trust that pools mortgage loans, offering investors a share in the income generated from these mortgages.

REIT

Real estate investment trust, which is similar to a closed-end mutual fund. REITs invest in real estate or loans secured by real estate and issue shares in such investments.