Which of the Following Is True of the Equity Doctrine

question 21

Multiple Choice

Which of the following is true of the equity doctrine?

• A) Equity is resorted to when an award of money damages would not be the proper remedy.
• B) In an action in equity, a jury decides the equitable issue.
• C) An equitable action could be tried with a judge or a jury.
• D) The doctrine of equity cannot be applied in contract cases.

---

Definitions:

Vending Machines

Automated machines that sell products such as snacks, beverages, or tickets to consumers after money, a credit card, or a specially designed card is inserted into the machine.

Working Capital

The disparity between an enterprise's existing assets and current debts, demonstrating its short-term financial status and operational performance.

Discount Rate

In discounted cash flow analysis, the interest rate that is used to evaluate the present value of anticipated cash flows.

Net Present Value

Net Present Value (NPV) is a financial metric that calculates the total value today of a series of future cash flows, adjusting for the time value of money.