Which of the following is true of the equity doctrine?
A) Equity is resorted to when an award of money damages would not be the proper remedy.
B) In an action in equity, a jury decides the equitable issue.
C) An equitable action could be tried with a judge or a jury.
D) The doctrine of equity cannot be applied in contract cases.
A
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The Income Summary account
A) appears on the balance sheet. B) appears on the income statement. C) is closed to the cash account to properly state cash at the end of the period. D) does not appear in the financial statements.
A ____________________ change is when the employer changes wages, benefits, or other term and conditions of employment without bargaining with the union.
A. Multilateral B. Unilateral C. Bilateral D. Prolateral
Which of the following statements is untrue regarding NAFTA and nontariff barriers?
A) Most nontariff barriers were to be eliminated within five years under NAFTA. B) NAFTA prohibits new export taxes on goods under any circumstances. C) Special rules allow each country to impose import restrictions to protect human, animal or plant life, or the environment. D) Customer user fees were to be eliminated by 1999.
A warehouse receipt may be either negotiable or nonnegotiable.?
Indicate whether the statement is true or false