When You Read a Case,you Should

question 36

Multiple Choice

When you read a case,you should:

• A)Find the facts,look for the issue,critically think about the issue,and determine if your reasoning matches the reasoning of the judge.
• B)Identify the facts,apply critical thinking skills to determine the truths of the facts,and identify how the judge interpreted the facts in the case.
• C)Identify the legal issues,apply the facts to the legal issues,and evaluate the reasoning of the judge in light of the facts of the case.
• D)Find the facts,look for the issue,identify the judge's reason and conclusion,locate the rules of law that govern the reasoning,and apply critical thinking to the judge's reasoning.
• E)Consider the truth of the facts of the case,identify legal questions raised,review the decision of the judge,and determine if the judge's decision was justified by the rule of law.

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Definitions:

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares.

Retained Earnings

The portion of net income that is retained by a company rather than distributed to its shareholders as dividends.

Common Stock Dividend Distributable

A liability account on the balance sheet representing a declaration of dividends by a company's board of directors that have not yet been paid out to shareholders.

Paid-in Capital

Funds received by a company in exchange for its stock, representing the equity capital contributed by shareholders.