What Does Section 15(1)of the Canadian Charter of Rights and Freedoms

question 26

Multiple Choice

What does Section 15(1) of the Canadian Charter of Rights and Freedoms state?

• A) Every Canadian is equal before and under the law.
• B) Parliament or provincial legislatures may enact legislation even if the courts hold it to be in conflict with certain sections of the Charter.
• C) Courts have the power to rule on the constitutionality of legislation or executive action.
• D) Canada is officially bilingual and multicultural.

---

Definitions:

Zero-coupon Bonds

Bonds that do not offer interest payments but are sold at a deep discount to their face value, maturing at par.

Conversion Premium

The additional cost above the market value of the underlying asset that an investor pays to own a convertible security, such as convertible bonds.

Convertible Bond

A financial instrument that can be converted into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder.

Par Value

This term denotes the officially stated value of a share of stock or bond, serving as a legal capital threshold that companies cannot issue stock below.