Standing to Sue Refers to

question 19

Multiple Choice

Standing to sue refers to

• A)the requirement that plaintiffs have a serious interest in a case.
• B)demonstrated financial harm or injury.
• C)habeas corpus.
• D)the principle of precedent.
• E)legal prerogative.

---

Definitions:

Liability Account

An accounting record that captures the amount a company owes to others, such as loans, accounts payable, or mortgages.

Owner's Drawings Account

An equity account that tracks the amounts withdrawn by the owner(s) of a business from the company for personal use.

Right Side

In accounting, this refers to the credit side of a ledger account, opposite of the left side (debit side), reflecting increases in liabilities, equity, and revenue accounts.

Account

A record used to keep track of financial transactions within a specific category in accounting.