Aaron,a Businessman,has a Method of Keeping Track of Accounts Receivable

question 101

Multiple Choice

Aaron,a businessman,has a method of keeping track of accounts receivable by sorting them into groups of those that are 30,60,90,and over 90 days past due.Which of the following actions will the collection agency which buys the delinquent account from Aaron do?

• A) Collect the entire amount owed and return it to Aaron.
• B) Sell it back to Aaron after collecting the entire amount owed.
• C) Collect the entire amount owed and keep all the money it obtains.
• D) Take mild actions and collect a token amount.

---

Definitions:

Dissenting Opinion

A legal opinion in court rulings written by one or more judges expressing disagreement with the majority opinion of the court.

Rule of Four

A Supreme Court of the United States practice that permits four of the nine justices to grant a writ of certiorari, deciding that the Court will review a lower court's decision.

Court-Packing Plan

A controversial strategy to increase the number of justices on the U.S. Supreme Court, typically to change its ideological balance.

Marbury v. Madison

A landmark Supreme Court case in 1803 that established the principle of judicial review in the United States, allowing courts to overturn laws deemed unconstitutional.