Which ONE of the Following Cases Sets Out the Rules

question 13

Multiple Choice

Which ONE of the following cases sets out the rules relating to when the Civil Division of the Court of Appeal is bound by its own previous decisions?

• A) Practice Statement (Judicial Precedent) [1966] 1 WLR 1234.
• B) Morelle v Wakeling [1955] 2 QB 379.
• C) Young v Bristol Aeroplane [1944] KB 718.
• D) R v. Gould [1968] 2 QB 65.

---

Definitions:

Maturing Obligations

Debts or promises due to be settled or fulfilled within a short timeframe, usually within the next fiscal year.

Receivables Turnover

A financial ratio that measures the efficiency of a company in collecting its accounts receivable or the speed at which it turns its receivables into cash.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating its efficiency in managing and selling stock.

Liquidity

The ease with which an asset can be converted into cash without significantly affecting its market price.