A Court That Was Created to Decide Cases Where There

question 109

Multiple Choice

A court that was created to decide cases where there was no adequate remedy at law is called a(n)

• A) international court of law.
• B) court of law.
• C) probate court.
• D) court of equity.

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Definitions:

Business Combination

A transaction or other event in which an acquirer obtains control of one or more businesses.

Common Stock

Equity ownership in a corporation, giving shareholders voting rights and a share in the company's profits through dividends.

Fair Value

An estimation of the price at which an asset or liability could be traded in a fair transaction between willing parties, other than in a forced or liquidation sale.

Par Value

The face value of a bond or stock, indicating the amount that must be repaid at maturity (for bonds) or the nominal value of a share (for stocks).