- CFA Exams
- CFA Level I Exam
- Topic 3. Corporate Issuers
- Learning Module 3. Corporate Governance: Conflicts, Mechanisms, Risks, and Benefits
- Subject 2. Corporate Governance Mechanisms
CFA Practice Question
Shareholders and creditors can appeal to a judge to rule against management actions and decisions that are not expressly forbidden by statute or code.
B. This is possible in the civil law system but not in the common law system.
C. This is possible in both systems.
A. This is possible in the common law system but not in the civil law system.
B. This is possible in the civil law system but not in the common law system.
C. This is possible in both systems.
Correct Answer: A
In common law systems judges can create laws through judicial opinions.
User Contributed Comments 1
| User | Comment |
|---|---|
| walterli | common law-written civil law-unwritten |