Which of the Following Statements Is FALSE? Class Actions

question 7

Multiple Choice

Which of the following statements is FALSE? Class actions

• A)allow persons who could not otherwise afford it access to justice
• B)decrease the total cost of complex litigation
• C)indirectly encourage large corporations to be more careful about issues of safety and product quality
• D)are easily certified but rarely settle out of court
• E)often result in the law firm for the plaintiff making large amounts of money

Recognize the need for product innovation and modification throughout the product life cycle.

Understand the legal principles governing real estate transactions, specifically regarding the agreement of purchase and sale.

Identify the roles and obligations of parties involved in real estate transactions (e.g., vendors, purchasers, realtors, lawyers).

Comprehend the ethical obligations of real estate agents towards their clients.

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Definitions:

Authoritative Accounting Guidance

Officially recognized principles and standards that govern financial reporting and accounting practices.

ASC

Accounting Standards Codification, the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied by nongovernmental entities in the United States.

FASB

The Financial Accounting Standards Board, an organization responsible for establishing financial accounting and reporting standards in the United States.

Chronological Order

Organizing events in the order that they occurred in time.