Why Are Plaintiffs Motivated to Bring Actions Under RICO

question 3

Multiple Choice

Why are plaintiffs motivated to bring actions under RICO?

• A)It pertains exclusively to auditors' actions.
• B)It guarantees that cases will be heard in state courts.
• C)It provides for treble damages.
• D)It holds auditors to standards that exceed reasonable assurance.

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Definitions:

Shelter Principle

A legal rule in property law that protects the rights of a subsequent purchaser if the initial transfer to the seller was valid.

Status

The legal condition or position of an individual or entity in relation to others or the law.

Good Faith

An expectation for parties to act honestly and not mislead or deceive each other in a contract.

Holder in Due Course

A legal term referring to a party who has acquired a negotiable instrument in good faith and without notice of any defects.