The Congressional Budget Office (CBO)- is the primary congressional agency charged with reviewing congressional budgets and other legislative initiatives with budgetary implications.
U.S. Government Accountability Office (GAO)- Known as "the investigative arm of Congress" and "the congressional watchdog," GAO supports the Congress in meeting its constitutional responsibilities and helps improve the performance and accountability of the federal government for the benefit of the American people.
The Office of Management and Budget (OMB)- is the business division of the Executive Office of the President of the United States that administers the United States federal budget and oversees the performance of federal agencies.
Due to a large inheritance, a Life Insurance policy owner no longer requires the policy and agrees to sell it to a third party for more than its cash value. This type of transaction is called a Life Settlement.
<h3>What is the Purpose of a Life Settlement Contract?</h3>
The Life Settlement Contract is simply a contract that transfers the insurance cover afforded by the Life Insurance Policy form one person to another.
The life assured of the new holder of the policyholder becomes eligible to receive the benefits of the policy when the insured dies while the policyholder takes responsibility for payment of premiums.
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The Supreme Court original jurisdiction applies to cases involving disputes between states, action involving various public officials, disputes between the United States and a state.
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Three judges sit on appeals courts, which do not employ juries. Whether or not the law was correctly applied in the trial court is something that the appellate court must decide.
The power of a court to rehear or reconsider a case determined by a lower court is referred to as appellate jurisdiction. The Supreme Court and High Courts of India both have appellate authority. They have the power to either reverse or sustain lower court rulings. To ensure that the proceedings were fair and the appropriate law was applied correctly, appellate courts examine the processes and rulings made by the trial court. The U.S. Supreme Court, the highest appellate court in the country, only considers appeals with significant weight and significance. There must be fundamental distinctions between trial and appellate courts, general and limited jurisdiction courts, and criminal and civil courts.
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