In What Percentage of Cases Submitted to the Supreme Court

question 28

Multiple Choice

In what percentage of cases submitted to the Supreme Court does the Court grant a hearing and submit a decision?

• A) 1 percent
• B) 5 percent
• C) 15 percent
• D) 25 percent
• E) 50 percent

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Definitions:

Floating Lien

A provision, placed by the creditor, in a security agreement that a security interest of the creditor also applies to goods the debtor acquires at a later time.

Inventory

Goods held for sale or lease, or raw materials used or consumed in a business.

Graduated-Payment Mortgage

A mortgage that has a fixed interest rate during the life of the mortgage; however, the monthly payments made by the mortgagor increase over the term of the loan.

Variable Interest

An interest rate on a loan or security that can change over time based on the underlying benchmark interest rates.