Which of the Following Statements Is NOT True

question 41

Multiple Choice

Which of the following statements is NOT true?

• A)Equity applies to all civil disputes.
• B)Equity provides a wider range of remedies than the common law.
• C)Equitable remedies have to be specifically requested.
• D)Equity is a discretionary remedy.

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Definitions:

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.

Franchise

A type of license that grants a franchisee access to a franchisor's proprietary knowledge, processes, and trademarks, to allow the party to sell a product or provide a service under the business's name.

Reverse Stock Split

When the number of outstanding shares is reduced and the market price per share is increased; as the price per share increases, the investor perceives that the stock is worth more.

Outstanding Shares

The total number of all shares issued to investors by a corporation.