Use the Following Two Columns of Items to Answer the Matching

question 57

Multiple Choice

Use the following two columns of items to answer the matching questions below:
-prestige cards

• A)time allowed without interest before the payment is due
• B)allows you to make purchases beyond your stated credit limit for a fee
• C)credit card good only with a particular merchant
• D)the maximum amount allowed to charge
• E)a card that allows for purchases to be paid for at a later date
• F)cards that offer extra benefits and are available to persons with high incomes and exceptional credit histories
• G)cash borrowed on a credit card

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Definitions:

Statutory Laws

Laws enacted by a legislative body that are set down in writing, as opposed to laws derived from court decisions (common law) or customary practices.

Stare Decisis

A legal principle that obligates courts to follow previous rulings or precedents when making a decision on a similar case.

Precedent

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

Legislative Acts

Laws passed by a legislature or governing body that dictate codes of behavior, rights, and obligations.