When Is the Court of Appeal Not Bound by Its

question 3

Multiple Choice

When is the Court of Appeal not bound by its own previous decisions (select all that apply) ?

• A) When there are two conflicting Court of Appeal decisions.
• B) When the House of Lords/Supreme Court has expressly or impliedly overruled the Court of Appeal's reasoning.
• C) When the previous decision has been made per incuriam.
• D) When the Court of Appeal has expressly chosen not to follow an earlier House of Lords'/Supreme Court decision.

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Definitions:

Portfolio

A portfolio consists of various financial assets such as shares, bonds, commodities, liquid cash, and equivalents like mutual funds and exchange-traded funds (ETFs).

Stock B

Typically a classification indicating a type of stock with specific rights or characteristics, such as differing voting rights from Stock A in the same company.

Market Risk Premium

The extra profit an investor is aiming for by choosing to invest in a market portfolio that carries risk instead of opting for assets devoid of any risk.