Simple English definitions for legal terms
Read a random definition: FASB statement
Right of action: The right to take a specific case to court.
When someone has a problem that they can't solve on their own, they can go to court to ask a judge to help them. The right of action is the legal right to bring a specific problem or case to court. It means that the person has the ability to ask the court to help them solve their problem.
Definition: The right of action refers to the legal right to bring a specific case to court.
Example: If someone is injured in a car accident, they have the right of action to sue the other driver for damages.
Explanation: The example illustrates how the right of action works in a personal injury case. The injured party has the legal right to bring a lawsuit against the other driver to seek compensation for their injuries. Without the right of action, the injured party would not be able to seek justice in court.