What Is the Purpose of Writs of Mandamus on Which

question 25

Multiple Choice

What is the purpose of writs of mandamus on which the Texas Supreme Court sometimes acts?

• A) It is to remedy defects in justice by ordering lower courts or public officials to take a certain action.
• B) It offers a higher court's opinion to a lower court in a case that has a high probability for appeal.
• C) They provide written mandates that guide lower courts on decisions in civil cases.
• D) They are used to stop a case from being heard in a lower court and to transfer it to a higher court.
• E) They are decrees ordering the legislature to strike down unconstitutional laws.

---

Definitions:

Stated Rate

The interest rate declared on a financial instrument, such as a bond or loan, not taking into account compounding or fees.

Par

The face value of a bond or security, often used in the context of bonds trading at, above, or below their issued price.

Market Rate

The prevailing interest rate available in the marketplace for similar financial instruments or loans.

Financial Instrument

A contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.