Some misuses and oversights of our legal system include
A) Abuses of discretion.
B) Mistakes by judges and juries.
C) Unequal application of the law.
D) All of the above.
D
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Which one of the following would be considered a contingent liability?
A. A company owes $100,000 on inventories purchased on credit B. A company estimates that it will probably have to pay $1,200,000 to the Department of Environment Protection for a chemical spill C. A company has $845,000 worth of bonds outstanding D. The company has access to a line of credit with a bank in the amount of $1,500,000 E. The company believes that it is reasonably possible it will lose a lawsuit but is unable to determine the possible damages
A lawsuit brought by a citizen against another citizen who has defrauded the
government is called a(n): a. qui tam action b. writ of mandamus suit c. primary jurisdiction suit d. res judicata action