Which of the Following Statements Are Correct (Select All That

question 20

Multiple Choice

Which of the following statements are correct (select all that apply) ?

• A) 'Overruling' means the previous case has been disapproved but is still valid precedent.
• B) 'Overruling' means the previous case has been disapproved and it now has no authority.
• C) If a superior court were to follow the reasoning of an inferior court, then the earlier case could be said to have been 'approved'.
• D) A case is 'distinguished' when a superior court does not agree with the reasoning of an inferior court.

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Definitions:

Bankruptcy Court

A specialized court that deals with cases involving bankruptcy filings and related proceedings.

Final Settlement

The last payment in an agreement, settling all outstanding balances and obligations.

Section 179

A provision in the U.S. tax code that allows businesses to deduct the full purchase price of qualifying equipment and/or software within the tax year it was purchased.

Maximum Deduction

The highest amount that can be subtracted from taxable income, as allowed by tax laws.