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ivolga24 [154]
3 years ago
15

Is the state court in Nebraska obligated to follow the California Supreme Court’s decision? Explain. At least a four-sentence an

swer.
Business
1 answer:
Bezzdna [24]3 years ago
3 0

Answer:

Only a decision made by the US Supreme Court is binding to all the courts in the country (regarding federal laws). Decisions made by the California Supreme Court are binding for all the state courts in California (not federal courts), but they are not binding to other courts outside California.

The logic behind this is that California laws might be different than Nebraska laws, and therefore, even if the crime committed is the same, the punishment or procedures might vary and a lot. Some court cases may serve as precedents and might be used by courts in different states, but they are not binding in any way and it depends on the interpretation of the local court to do so.

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January 1 of this year, a Company completed the following transactions (assume a 9% annual interest rate):
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In order to Calculate the cost of the truck that should be recorded at the time of purchase we need find out present value of future amount of 60,400 with the following formula:

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PV of installment method

Year          installment method          PV Factor            PV

1                        10,400                             0.917              9,537

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