Which of the Following Statements Is True of Trial by Jury

question 27

Multiple Choice

Which of the following statements is true of trial by jury?

• A) All states require a jury's decision to be unanimous in civil cases where the amount in controversy exceeds $75,000.
• B) Juries are only used in criminal cases.
• C) A jury has to consist of 12 persons.
• D) Juries are used in a large percentage of all cases.
• E) The right to trial by a jury is preserved in suits at common law in civil cases when the amount in controversy exceeds $20.

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Definitions:

Financial Leverage

The use of borrowed funds with the aim to increase the returns on equity by financing projects with debt rather than equity.

EBIT

Earnings Before Interest and Taxes, a measure of a company's profitability excluding interest and income tax expenses.

Capital Structure

Capital structure refers to the mix of a company's long-term debt, specific short-term debt, common equity, and preferred equity, which is considered when financing its overall operations and growth.

Bankruptcy Risk

Bankruptcy risk refers to the likelihood that a company will be unable to meet its debt obligations and may be forced into bankruptcy.