Which of the Following Is an Example of Substantive Law

question 93

Multiple Choice

Which of the following is an example of substantive law?

• A) The rule that a tort action must be commenced within 2 years of the action complained of
• B) The rule that establishes the type of document by which an action is commenced
• C) The rule that hearsay evidence is not permitted in a trial
• D) The rule that a victim of fraud can sue
• E) A rule that any action under $50,000 may be brought in the small claims court

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Definitions:

Reportable Segments

Portions of a business that have distinct financial information available and are regularly reviewed by the company's management for decision-making purposes.

GAAP

Generally Accepted Accounting Principles, which are a set of rules encompassing the details, complexities, and legalities of business and corporate accounting.

Common Expenses

Expenses that are incurred regularly and are necessary for the maintenance of a business operation.

Dividend Yield

A financial metric indicating the annual dividend payment of a company as a proportion of its share price.