Which of the Following Is True of Equity

question 31

Multiple Choice

Which of the following is true of equity?

• A) Decisions in equity cases do not involve considerations of fairness.
• B) Money damages are an equitable remedy.
• C) Courts of equity are not guided by equitable principles and maxims.
• D) Law and equity have merged, so today the same court can award both remedies.

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Definitions:

Tariff

A tax imposed on imported or, less commonly, exported goods, used to regulate trade and protect domestic industries.

Import Quota

A government-imposed limit on the quantity of a certain good that can be imported into the country over a specified period.

Tax On Imports

A financial charge imposed by a government on goods imported into a country to regulate trade and raise revenue.

Export Restriction

Export restriction is a policy imposed by governments to limit or control the export of certain goods, services, or technology, often for political, economic, or environmental reasons.