If Both Parties Agree, a Case Can Be Tried by a Magistrate

question 358

Multiple Choice

If both parties agree, a case can be tried by a magistrate instead of a district judge. This generally happens when:

• A) there is a backlog of cases in the courts and the parties want a quick trial
• B) there is bad feeling between the district judge(s) and one or more of the attorneys
• C) one of the parties involved is a minor
• D) both of the parties involved are minors
• E) none of the other choices are correct

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Definitions:

Balance Sheet Components

The major sections of a balance sheet, typically including assets, liabilities, and shareholders' equity.

Average Operating Assets

The average value of assets utilized in the regular operations of a business to generate earnings, calculated over a certain period.

Minimum Required Rate Of Return

The lowest acceptable return on an investment, determined by the investor’s preferences, risks, and opportunity costs.

Net Operating Income

A company's total earnings from its operations, exclusive of taxation and interest.