The Litigation Reform Act of 1995 Provides for Proportionate Liability

question 50

True/False

The Litigation Reform Act of 1995 provides for proportionate liability, as opposed to joint and several liability, for defendants who are found not to have knowingly committed a violation of the security laws.

---

Definitions:

Interest

Money paid at a particular rate for the use of borrowed funds or for delaying the repayment of a debt.

Ethnic Assimilation

The process by which individuals or groups of differing ethnic heritage are absorbed into the dominant culture of a society.

Praxis

The process by which a theory, lesson, or skill is enacted, embodied, or realized in the real world; often considered the practice or application of a learned skill.

European Nations

Countries located on the European continent, each with its own distinct culture, history, and government.