The Requirement of Standing Means That Parties in a Case

question 64

Multiple Choice

The requirement of standing means that parties in a case must

• A) have a concrete injury or interest at stake.
• B) be present in court during the trial.
• C) know the law they are using to defend themselves.
• D) have an attorney present with them in court.

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Definitions:

Dividends

Payments made by a corporation to its shareholders from the company's profits or reserves.

Double Derivative Suit

A legal action brought by a shareholder on behalf of a parent company against a subsidiary for harm done to the parent company.

Derivative Action

A lawsuit brought by a corporation's shareholder on behalf of the corporation against a third party, often its executives or directors, for misconduct.

Shareholder

A person or entity that owns stocks or shares in a company, entitling them to a portion of the firm's profits and assets.