Prior to 1988, If a Lower Court Declared an Act

question 7

Multiple Choice

Prior to 1988, if a lower court declared an Act of Congress unconstitutional, the losing side might file which of the following with the Supreme Court:

• A)writ of certification
• B)writ of appeal
• C)writ of certiorari
• D)writ of curium
• E)writ of chancery

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Definitions:

Contractual Interest Rate

The agreed-upon rate of interest to be paid on bonds or loans as specified in the contract.

Market Interest Rate

The prevailing rate of interest on loans and debt securities, reflecting the cost of borrowing in the market.

Bondholder

An investor or entity that legally owns a bond issued by a borrower, entitling them to receive fixed interest payments and the principal amount at maturity.

Discount

A reduction from the usual cost of something, often used to encourage sales or prompt early payment of invoices.