David Earned a Salary of $43,500 in 1994 and $89,000

question 104

Multiple Choice

David earned a salary of $43,500 in 1994 and $89,000 in 2010.The consumer price index was 148.2 in 1994 and 215.3 in 2010.David's 1994 salary in 2010 dollars is

• A)$43,849.05
• B)$61,263.43
• C)$63,195.34
• D)$93,655.50

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Definitions:

Equitable Maxim

Fundamental principles guiding the fair and just application of the law, ensuring decisions are made with equity in legal proceedings.

Seeks Equity

A legal principle where a party requests a fair and impartial remedy in a dispute, typically when monetary damages are insufficient.

Clean Hands

A doctrine that prevents individuals from seeking legal remedies if they have engaged in unethical behavior in relation to the subject of their lawsuit.

Specific Performance

A legal remedy requiring a party to fulfill their obligations under a contract, rather than paying damages for breach.