Answer:
A demurrer.
Explanation:
Judicial power can be defined as the power given to the courts to act and pronounce judgment on a case after making a decision with respect to the parties that brought the case for litigation. Therefore, when a judge presiding over a court of competent jurisdiction gives a verdict or judgment on a case, his or her decision is final and can only be upturned by a higher court such as a court of appeal (appellate court) and supreme court.
A pleading filed by one party to dismiss the other party's pleading for failing to state a cause of action is known as a demurrer.
This ultimately implies that, a demurrer is a pleading written by the defendant as a response to a court proceeding in which he or she acknowledges that the allegations in a complaint might be true and factual but it is insufficient to justify or establish a valid legal action.
For example, a party might file for a demurrer if a complaint infringes his or her right to freedom of speech and expression enshrined in the Constitution.
Answer:
Trey owns 250 shares of common stock in a toy-store company. This means that he owns a percentage of the company based on the proportion of shares he owns out of the total shares issued by the company. With this ownership he also acquires rights to: vote. George owns 300 shares of preferred stock in a company.
Explanation:
The main functions of accounting are to keep an accurate record of financial transactions, to create a journal of expenditure, and to prepare this information for statements that are often required by law. The most basic function is to record the data.
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