Mention a basic distinction between suing at law and suing in equity


In a court of law, a person who sues another and is successful receives money damages. If money damages are unsuitable as a remedy, a court of equity may allow a person to seek nonmonetary relief, such as ordering a person to perform a certain act (specific performance) or to refrain from certain conduct (injunction).

Business

You might also like to view...

When is it OK to use medical tests?

What will be an ideal response?

Business

On January 1, Year 1, Jones Company issued bonds with a $110,000 face value, a stated rate of interest of 8.0%, and a 5-year term to maturity. The bonds were issued at 98. Interest is payable in cash on December 31st of each year. The company amortizes bond discounts and premiums using the straight-line method.What is the amount of interest expense shown on Jones' income statement for the year ending December 31, Year 1?

A. $9240 B. $9680 C. $8360 D. $8800

Business

Sources of revenue flowing into the firm are referred to as revenue streams.

Answer the following statement true (T) or false (F)

Business

Which of the following is true of corporate bylaws?

A. They only contain rules addressing how the corporation can interact with the government. B. They are only adopted by the shareholders of the corporation. C. They are not binding on the directors or shareholders of the corporation. D. They do not have to be filed with any government official.

Business