Acts of Parliament Are Considered to Be the Supreme Form

question 4

Multiple Choice

Acts of Parliament are considered to be the supreme form of English law because..?

• A) Parliament is sovereign and therefore statute law enacted by Parliament is considered to be supreme.
• B) The European Community has designated Acts of Parliament to be supreme.
• C) The common law world respects the UK legal tradition.
• D) The Queen has decreed that Acts of Parliament are supreme.

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Definitions:

Preferred Stock

A type of stock that entitles the holder to a fixed dividend, whose payment takes priority over that of common-stock dividends.

Dividend

A portion of a company's earnings that is distributed to shareholders, typically in the form of cash payments or additional shares.

Rate Of Return

The fiscal benefit or detriment arising from an investment over a certain period, computed as a percentage of the initial cost of the investment.

Annual Percentage Rate

APR, a measure that reflects the cost of borrowing on an annual basis, incorporating not just the interest rate but also any fees and other charges involved.