Which of the Following Statements Is TRUE

question 53

Multiple Choice

Which of the following statements is TRUE?

• A)A lawsuit may be brought against human beings,corporations,and any unincorporated associations.
• B)A young child who is sued will be represented by an adult who acts in parens patriae.
• C)In order to sue in Canadian courts,a person must either be a Canadian citizen or be represented by a lawyer who is a Canadian citizen.
• D)Trade unions sometimes can sue or be sued even though they are unincorporated associations.
• E)Foreign corporations,like Canadian corporations,have an absolute right to sue in Canadian courts.

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Definitions:

Quarterly Savings

Savings accumulated or set aside at the end of every quarter of the fiscal year.

Rate Of Return

Financial advancement or recession in the value of an investment over a prescribed time frame, stated as a percentage of the initiating investment.

Financing Balance

Represents the outstanding amount in a financing arrangement that has yet to be repaid.

Monthly Payments

Regular payments made once a month, often related to loans or leases.