What Sequence of Procedures Will a Court Follow When Asked

question 13

Multiple Choice

What sequence of procedures will a court follow when asked to determine a matter involving a contractual dispute between two large corporations?

• A) review the conduct of the parties,evaluate the relevant law and the contract terms,then reach a decision
• B) evaluate the contract terms and the conduct of the parties,then apply relevant law to arrive at a determination
• C) review the relevant law,evaluate the conduct of the parties,then apply the contract terms to arrive at a decision
• D) evaluate the conduct of the parties,review the contract terms,then apply the rules of law to arrive at a decision

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Definitions:

Negotiation

The process of discussing something with others to reach a mutual agreement.

FTC

stands for the Federal Trade Commission, a U.S. government agency tasked with consumer protection and the enforcement of antitrust laws to promote competition.

Holder in Due Course

A party that has acquired a negotiable instrument in good faith and for value, and thus has certain rights to enforce the instrument free from many defenses.

Bankruptcy Protection

A legal status that provides a person or entity temporary relief from creditors and lawsuits while reorganizing or discharging debts under the bankruptcy code.