Another Name for a Reasonableness Check Is a Credit Limit

question 28

True/False

Another name for a reasonableness check is a credit limit check.

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Definitions:

Legal Positivism

The school of jurisprudence which holds that because society requires authority, a legal and authoritarian hierarchy should exist. When a law is made, therefore, obedience is expected because authority created it.

Natural Law

A school of jurisprudence that recognizes the existence of higher law, or law that is morally superior to human laws.

Stare Decisis

Latin for “standing by the decision”; a principle stating that rulings made in higher courts are binding precedent for lower courts.

Precedent

A legal principle or rule established in a previous court decision that is either binding or persuasive for a court when deciding subsequent cases with similar issues or facts.