In Class Action Lawsuits, Interested Parties to the Lawsuit Are

question 421

Multiple Choice

In class action lawsuits, interested parties to the lawsuit are not required to pay attorney fees directly. This is an example of an attempt to

• A)maximize attorney fees.
• B)reduce the incentive of attorneys to file class action lawsuits.
• C)reduce the transaction costs of finding a private solution to an externality.
• D)regulate attorney fees.

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Definitions:

Due Date

the specified date by which a payment, task, or project is to be completed or submitted.

Delivery Charge

A fee imposed for the service of delivering goods or services to a specified location, typically distinct from shipping charges by the directness of the service.

Purchasing Agent

An individual or entity responsible for buying goods and services for a company or organization.

Cash Discounts

A reduction in the invoice price offered by sellers to buyers as an incentive for early payment.