Distinguish Between Primitive and Modern Judicial Systems

question 57

Multiple Choice

Distinguish between primitive and modern judicial systems.

• A)Primitive legal systems rely largely on labyrinthine written and codified laws, while modern systems rely on oral rhetoric.
• B)Modern legal systems utilize recent advances in technology, while primitive legal systems must do without such amenities.
• C)Modern legal systems better ensure the rights of citizens, while primitive systems function on superstition and disbelief.
• D)Primitive legal systems are oral and consist of customs and beliefs, while modern systems are written and largely codified.

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Definitions:

Fair Value

The estimated price at which an asset or liability could be traded in an orderly transaction between market participants at the measurement date.