Which of the Following Statements Is Correct

question 2

Multiple Choice

Which of the following statements is correct?

• A) The winner will get his costs paid for by the loser.
• B) The court has a general discretion to make an award of costs between the parties where the claim is discontinued by the Claimant.
• C) The court has no discretion when awarding costs where a valid Part 36 offer has been accepted with the relevant period.
• D) The parties' pre-action conduct is not taken into account when assessing costs.

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a particular period, resulting in a profit or loss.

Consignment Basis

A business arrangement where goods are left with a third party to sell, and the owner of the goods receives payment only when the items are sold.

Year-End Inventory

The total value of all unsold goods held by a company at the end of its fiscal year, used for financial and tax reporting purposes.

FOB Shipping Point

Freight terms in which the buyer pays the transportation costs from the shipping point to the final destination.