Which of the Following Statements Is Correct with Respect to Our

question 152

Multiple Choice

Which of the following statements is correct with respect to our constitutional law?

• A) Neither the Federal or Provincial governments can change the provisions of the Charter of Rights and Freedoms without going through the constitutional amending process.
• B) The Constitution Act, 1982 was passed only by the English parliament.
• C) The Constitution Act, 1982 is the supreme law of Canada and overrides statutes.
• D) The Canadian Charter of Rights and Freedoms is part of the BNA Act.
• E) The Charter is entrenched and, as such, none of its provisions can be overridden by any level of government.

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Definitions:

Amortization

The gradual reduction of the cost or value of an intangible asset over its useful life.

Bond Premium

The amount by which the market price of a bond exceeds its face value, typically occurring when the bond's interest rate is higher than the current market rate.

Issued

Refers to securities or other financial instruments that have been officially distributed to investors or the public.

Contract Rate

The agreed-upon interest rate specified in a contract, particularly in loan agreements or bond indentures.