Examlex
According to the textbook,the largest category (by dollar volume) of loans extended by U.S.banks is:
Obligations
Duties or responsibilities imposed by law, contract, or moral duty.
Stare Decisis
A legal principle that mandates courts to follow the rulings of previous cases in similar circumstances to ensure consistency in the law.
American Legal System
A system of laws and legal institutions that govern the United States, including the Constitution, statutes, regulations, and court decisions.
Appeals Court
A court that reviews decisions made by lower courts to determine if legal errors were made that could change the outcome of a decision.
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