Which of the Following Statements Is TRUE

question 39

Multiple Choice

Which of the following statements is TRUE?

• A)It is sometimes possible for the Federal Court of Appeal to hear an appeal from a decision of the Court of Appeal in your province.
• B)Every court other than a provincial court is classified as a superior court.
• C)Most small claims courts are part of the Federal Court system
• D)Justices of the Supreme Court of Canada are required to leave the court at age 75.
• E)A small claims court action always occurs in the jurisdiction where the plaintiff resides.

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Definitions:

Lower In Priority

A status indicating lesser importance or urgency in comparison to other items or tasks.

Convertible Bond

A bond that can be converted into a specified number of shares of stock at the owner’s discretion.

Conversion Price

The predetermined price at which convertible securities can be converted into common stock.

Conversion Ratio

A ratio set at the time bonds are issued; determines the number of shares that can be exchanged for a bond.