In Our System, If a Judge Feels That the Decision

question 101

True/False

In our system, if a judge feels that the decision made by a judge in a higher court is wrong, he or she is free to disregard it.

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Definitions:

Market Price

The rate at present for engaging in buy or sell activities for a service or asset.

Preferred Stock

A class of ownership in a corporation with a fixed dividend that is paid out before dividends to common stockholders.

Preemptive Rights

A shareholder's right to buy new shares issued by a company in proportion to their existing shareholding, before the shares are offered to the public.

Stock Purchase

The act of buying shares in a company, giving the purchaser a portion of ownership in that company.