When the Rules of Equity Were Developed, Equity Was Administered

question 26

Multiple Choice

When the rules of equity were developed, equity was administered by

• A) the trade guilds.
• B) the common law courts.
• C) the courts of chancery.
• D) the statute courts.
• E) the merchant courts.

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Definitions:

Business Dealings

The formal relations and transactions conducted between businesses or between businesses and individuals.

Computer Languages

Formal languages comprising a set of instructions that can be used to produce various kinds of output, including software programs, used in computing.

Organisation

A structured group of individuals working together to achieve common goals or objectives.

E-business

Business processes conducted over the internet including buying and selling of goods, services, and the management of digital transactions.