Which of the Following Is Not a True Statement About

question 38

Multiple Choice

Which of the following is not a true statement about judges?

• A) Their primary role is to hear cases.
• B) They are always given the necessary authority to govern all court operations.
• C) They typically are not trained in court management.
• D) Many judges face term limits and thus serve for only a fixed number of years.

Analyze the legal effectiveness and limitations of exemption clauses within a contract.

Comprehend the legal handling of deposits and liquidated damages in the context of contract law.

Understand novation and the requirements for its validity, including the substitution of parties in a contract.

Identify circumstances under which a contract is considered void or voidable.

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Definitions:

Yield To Maturity

The total return anticipated on a bond if the bond is held until its maturity date, including all interest payments and the repayment of principal.

Coupon Rate

The interest rate that a bond issuer will pay to a bondholder, typically expressed as an annual percentage of the bond's face value.

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, usually expressed in years.

Perpetuity

A financial term for a constant stream of identical cash flows with no end.