Fact Pattern 3-A3

question 5

Multiple Choice

Fact Pattern 3-A3
Liz files a suit against Moe in a state court.The case proceeds to trial,after which the court renders a verdict.
-Charlie,the owner of Charlie's Foreign Auto Repair Service,files a suit against the state of Delaware,claiming that a state law violates the commerce clause.The court will agree if the statute

• A)affects citizens' private activities.
• B)imposes a substantial burden on interstate commerce.
• C)imposes a substantial burden on the state.
• D)promotes the public order,health,safety,morals,or general welfare.

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Definitions:

Semiannual Interest Rate

The interest rate applied to a financial instrument such as a loan or bond twice a year.

Interest Rate

The percentage of a sum of money charged for its use, indicating the cost of borrowing money or the return on invested savings.

Compounded Annually

Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on an annual basis.

Lump Sum Payment

A single payment made at a particular time, as opposed to several smaller payments or installments.