Federal Rule 41(a)(1) and Parallel State Rules

question 108

Multiple Choice

Federal Rule 41(a) (1) and parallel state rules

• A) permit the plaintiff's application for an order to dismiss an action only if it comes prior to the serving of the answer.
• B) permit the application for an order to dismiss an action after the answer is served if both parties stipulate to the dismissal.
• C) require the judge to approve the terms of settlement.
• D) require a consent decree and order.

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Definitions:

Repackage

To change the packaging of a product, potentially to refresh the brand image, improve functionality, or target a different consumer segment.

FDIC

The Federal Deposit Insurance Corporation, a United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions.

Bank Panics

Situations where many bank clients simultaneously take out their funds because they're afraid the bank might go bankrupt.

Federal Government

The central government of a federated country, such as the United States, which shares power with constituent states or provinces.