A Law May Be Unwise, Unjust, and Stupid but Still

question 92

True/False

A law may be unwise, unjust, and stupid but still be constitutional.

---

Definitions:

Note Payable

A written promise to pay a specific amount of money, either on demand or at a set future date, typically used in business to document debt agreements.

Debtor's Book Value

The value of all debts owed to a company, often reflecting the accounts receivable balance on the balance sheet.

Unsecured Creditors

Creditors who have lent money without taking any collateral, thus bearing a higher risk in case of debtor's default.

Liabilities With Priority

Obligations that are given preference over other liabilities in the case of liquidation or bankruptcy, often secured or legally mandated.