The Equitable Maxim Known as _______ States That an Equity

question 9

Multiple Choice

The equitable maxim known as _______ states that an equity court may refuse to give relief where the petitioner has not acted in good faith or is otherwise undeserving of special consideration.

• A) unconscionability
• B) laches
• C) the clean hands doctrine
• D) inadequacy of remedy

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Definitions:

Tariff

A tax imposed by a government on goods and services imported from other countries, often used to protect domestic industries from foreign competition.

International Trade

International Trade involves the exchange of goods and services across international boundaries, driven by the principles of comparative advantage and market demand.

Tariffs

Taxes imposed by a government on imported goods.

Comparative Advantage

The capacity of a nation or company to generate a specific product or service with a smaller opportunity cost compared to its rivals.