The Supreme Court's Ruling in Gibbons V.Ogden

question 34

Multiple Choice

The Supreme Court's ruling in Gibbons v.Ogden

• A)made it easier for state governments to regulate private business.
• B)was overruled by the Taney Court.
• C)enhanced national authority and the protection of property rights.
• D)sharply restricted the national government's ability to promote economic development.

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Definitions:

Default

Failing to fulfill a legal obligation, such as not making a scheduled payment on a loan.

Negotiable Instrument

An official paper that promises the disbursement of a designated sum of money, which can be demanded at any time or paid at an agreed-upon moment, identifying the payer.

Given Value

The consideration or price paid for something; often used in the context of transactions or agreements to denote the value exchanged.

Antecedent Claim

A claim or right that precedes another in time or is earlier within a legal context or agreement.