What Is the Name Given to the Power of the Courts

question 14

Multiple Choice

What is the name given to the power of the courts to interpret, and overturn, the actions of the executive and legislative branches?

• A) original jurisdiction
• B) strict construction
• C) judicial review
• D) precedent
• E) stare decisis

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Definitions:

Capital Account

An account used in economics and finance to track the net changes in a nation's assets and liabilities or a company's equity provided by shareholders and retained earnings.

Loss On Realization

The financial loss recognized when assets are sold for less than their carrying amount during the liquidation of a company.

Capital Balances

The amount of money that members or partners have invested in a business, reflecting their ownership interest.

Noncash Assets

Assets owned by a business or individual that are not in the form of cash but can be converted into cash within a year, such as inventory, bonds, or property.