Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'court of law'?

A. law enacted by a legislature
B. rule recognized by some community as regulating the behavior of its members and that it may enforce through the imposition of penalties
C. set of basic principles by which an organization is governed, especially in relation to the rights of the people it governs
D. person or body of persons having judicial authority to hear and resolve disputes on the basis of statutes or the common law

Answer: person or body of persons having judicial authority to hear and resolve disputes on the basis of statutes or the common law