Which of the Following Statements Is True of the Doctrine

question 107

Multiple Choice

Which of the following statements is true of the doctrine of exhaustion of remedies?

• A) It applies when a claim is originally filed in the courts.
• B) It comes into play whenever enforcement of a claim requires the resolution of issues that were placed within the special competence of an administrative body.
• C) It is an absolute principle, and courts usually deny parties the right to litigate prior to exhausting administrating remedies.
• D) It increases the premature interruption of the administrative process.
• E) It allows an agency to discover and correct its own errors, and thus it helps to dispense with any reason for judicial review.

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Definitions:

Equity

The value of an ownership interest in a company, represented by the share of assets after all liabilities have been deducted.

Treasury Bills

Short-term government securities issued at a discount from the face value and maturing at par, used as a means for governments to borrow money.

Call Option

In finance, it refers to a pact allowing the acquiring party the opportunity, without being forced, to purchase assets like securities, bonds, or commodities at a price that is determined beforehand, within a certain time limit.