Which of the Following Statements Is Not True in Relation

question 6

Multiple Choice

Which of the following statements is not true in relation to equity?

• A) Equity began as a court of conscience, and evolved into a court of legal rules.
• B) Equity could enforce certain obligations (e.g. oral contracts) when the common law would not.
• C) Equity acts in personam, so that a defendant could be imprisoned for failing to obey an order from the Chancellor.
• D) Equity was administered by the monarch and his Lord Chancellor.

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Definitions:

Operating Cost

The expenses associated with the day-to-day running of a business or system, including costs for materials, labor, and overhead.

Useful Life

The estimated period a fixed asset is expected to be usable for its intended purpose, affecting depreciation calculations.

Kilometres Per Litre

A measure of fuel efficiency in vehicles, indicating how many kilometres a vehicle can travel on one litre of fuel.

Fuel Price

The cost at which fuel is sold, influenced by various factors including global supply, demand, taxes, and geopolitical events.