How Long Does Each Party Get to Speak During Oral

question 24

Multiple Choice

How long does each party get to speak during oral argument at the Supreme Court?

• A) 15 minutes
• B) 30 minutes
• C) 45 minutes
• D) 60 minutes
• E) 90 minutes

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Definitions:

Closely Held

A descriptor for corporations that have a small number of shareholders, with shares not publicly traded and often owned by family members or a small group of investors.

Borrow

The act of obtaining or receiving something with the intention of returning it or its equivalent, often involving money with an agreement to pay interest.

Capital Structure

The mix of different types of debt and equity that a company uses to finance its overall operations and growth.

Coupon Rate

The annual interest rate paid on a bond's face value by its issuer, representing the yield an investor expects to earn if the bond is held to maturity.