Which of the Following Statements About the Equitable Remedy of Account

question 12

Multiple Choice

Which of the following statements about the equitable remedy of account is true?

• A) An order of account can only be used where the claimant has suffered a loss: the purpose of the account is to quantify this loss.
• B) The taking of an account is sufficient in itself without any further judgment to make a defendant liable for the sum found due.
• C) Once an account has been taken, it is final, and cannot be set aside or reviewed, even if there has been fraud.
• D) An equitable order to account can be used to support a claim for damages for breach of contract, even where no other aspect of equity's jurisdiction is involved or engaged.

Understand the circular flow model and its implications for economic activity.

Explain the function of money as a medium of exchange.

Identify the flow of revenues and expenditures in the market system through the circular flow diagram.

Acknowledge the concept of costs and how they are determined in the market system.

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Definitions:

Psychoanalytic Therapy

A therapeutic approach that explores how the unconscious mind influences thoughts and behaviors, based on Freudian theories.

Behavioural Therapy

A therapeutic approach focusing on changing maladaptive behaviors through conditioning techniques and behavioral modification strategies.

Cognitive Therapy

A form of psychotherapy that emphasizes the identification and restructuring of negative thoughts and beliefs to alter behavior and emotional states.

Drug Therapy

A form of medical treatment that involves the use of medications to treat various diseases and conditions.