Treble Damages Are Equal to _________ Times the Amount of Damages

question 16

Multiple Choice

Treble damages are equal to _________ times the amount of damages suffered by the _________.

• A)three; cartel firm
• B)five; winning plaintiff
• C)three; winning plaintiff
• D)five; cartel firm

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Definitions:

Corporate Form of Organization

A legal structure for a business recognized as a separate legal entity from its owners, providing limited liability protection, and able to raise capital through issuing shares.

Limited Liability

A legal structure that limits the amount of financial risk and liability to the amount a person has invested in a company.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them certain rights and potential financial benefits based on the company's performance.

Corporate Form of Organization

A legal structure for a business recognized as a separate legal entity, with owners (shareholders) who have limited liability.