In Order for a Party to Successfully Bring a Lawsuit

question 52

Multiple Choice

In order for a party to successfully bring a lawsuit in federal court challenging a federal administrative agency decision,that party must first:

• A)sue in state court,and only then in federal court.
• B)exhaust all necessary administrative remedies.
• C)obtain a writ of certiorari.
• D)submit the challenge to the Inspector General's office for review.

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Definitions:

CME

Stands for Chicago Mercantile Exchange, a major global financial derivatives exchange where various commodities, financial products, and currencies are traded.

S&P 500 Index Futures

Financial contracts that speculate on the future value of the S&P 500 index, allowing investors to bet on the stock market's direction without holding the underlying stocks.

Futures Price

The agreed-upon price for the future purchase or sale of an asset in a futures contract.

Profit

The financial gain made in a transaction or operation, calculated as total revenue minus total expenses.