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:

Cash Budgets

Financial plans that estimate cash inflows and outflows over a specific period, helping businesses manage their liquidity and financial stability.

Depreciation Expense

The allocated amount of an asset's cost over its useful life, used to account for declines in value over time.

Financial Expenses

Costs associated with the borrowing of funds or the costs incurred by an investment, including interest payments and other fees.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period of time, typically used to manage liquidity.