Match Each Statement with the Correct Term Below

question 66

Multiple Choice

Match each statement with the correct term below.
-duty

• A)The judiciary initiates, conducts, and decides cases.
• B)Part of private law dealing with rights and duties of individuals among themselves.
• C)A system of law based upon Roman law which depends upon comprehensive legislative enactments and the inquisitorial system of determining disputes.
• D)A system of law first developed in England that relies heavily on the judiciary as a source of law and on the adversary system for settling disputes.
• E)Theory that actions must be judged by their motives and means as well as their results.
• F)The law establishing duties which, if violated, constitute a wrong against the entire community.
• G)A legal obligation requiring a person to perform or refrain from performing an act.
• H)A body of law based upon principles distinct from common law and providing remedies not available at law.
• I)A court order requiring a party to do or to refrain from doing a specified act.
• J)A general legal principle formulated by equity courts.
• K)Person who initiates a civil suit.
• L)Rules for enforcing substantive law.
• M)Theory stressing equality of opportunity rather than results.
• N)An equitable remedy rewriting a contract to conform to the original intent of the parties.
• O)An equitable remedy invalidating a contract by setting it aside.
• P)Theory that moral actions are those that produce the greatest net pleasure compared with net pain.
• Q)A court order directing a party to perform a contractual duty.
• R)The principle found in common law systems that requires courts to apply rules decided in prior cases in deciding substantially similar cases.
• S)Basic law that creates rights and duties.
• T)Theory that actions must be judged by what individuals subjectively feel is right or wrong for themselves.

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Definitions:

Inverted Yield Curve

An inverted yield curve occurs when long-term debt instruments have a lower yield than short-term debt instruments, often considered a forewarning of economic recession.

Convertible Bonds

Bonds issued by a corporation that can be converted into a predetermined number of the company's shares at certain times during the bond's life, usually at the discretion of the bondholder.

Bond Yields

The return an investor realizes on a bond, calculated as the annual interest payment divided by the bond's current market price.

Term Structure

The relationship between interest rates (or yields) and different maturities of debt securities, often depicted as a curve.