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Explain in depth the structure and jurisdiction of the elements of the dual court system in a discussion of how a case proceeds through the judiciary from inception to final resolution.Be sure to specify which courts exist throughout the hierarchy and how the courts interrelate in resolving legal conflict.You may use diagrams to supplement your answer.
Contractual Obligation
A duty or commitment that is legally enforceable due to a contract agreement.
Hedging
A financial strategy used to reduce or manage risk associated with price movements of assets by taking an opposite position in a related security.
Hedging Relationship
A risk management strategy where two or more financial instruments are used together to offset potential losses in investments.
Hedged Item
A recognized asset or liability, unrecognized firm commitment, or highly probable forecast transaction in a hedging relationship.
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