Which One of the Following Statements Is Correct with Respect

question 46

Multiple Choice

Which one of the following statements is correct with respect to how the passage of the Charter of Rights and Freedoms affected parliamentary supremacy?

• A) Under the Charter of Rights and Freedoms, the Supreme Court can declare some things done by both levels of government unlawful.
• B) With the passage of the Charter of Rights and Freedoms, the Parliament of Canada has become Canada's final court of appeal.
• C) Now in Canada there is an effective system of checks and balances where the prime minister on some occasions can overrule decisions made by parliament or the Supreme Court of Canada.
• D) The federal parliament is now supreme and can override anything done by the provincial legislatures or the courts.
• E) The power of the parliament and the provincial legislatures is now supreme in the areas assigned to them under the Constitution.

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Definitions:

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a specified call price.

Issuing Corporation's Common Stock

The process by which a corporation releases its own shares of stock to the public for the first time or through subsequent offerings.

Long-term Notes

Debt obligations with a maturity of more than one year, used by companies to finance operations or major purchases.

Multiple Lenders

A situation where a borrower has loans or credit lines from more than one lender at the same time.