In the 2014 Case of Riley V

question 48

Multiple Choice

In the 2014 case of Riley v.California, the Supreme Court held that

• A)corporations have free speech rights under the First Amendment.
• B)state courts must provide legal counsel to defendants who could not afford their own attorneys.
• C)the police cannot undertake a warrantless search of the digital contents of a cell phone.
• D)the police can undertake a warrantless search of the digital contents of a cell phone if its officers believe there is "probable cause."

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Definitions:

Effective Interest Method

An accounting practice for amortizing the discount or premium on bonds payable or receivable, which reflects the actual interest rate the bond earns.

Bond Discount

The difference between the selling price of a bond and the bond’s face value when the bond is sold for less than par.

Coupon Rate

The rate of interest a bond pays annually, calculated as a percentage of its face value.

Call Feature

A provision in a bond agreement or other loan instrument that allows the issuer the option to repay the borrowed funds prior to the security's maturity date under specified conditions.