In Which of the Following Cases Is a Default Judgment

question 93

Multiple Choice

In which of the following cases is a default judgment entered?

• A) A defendant admits all the allegations in the complaint.
• B) There is insufficient evidence to resolve the dispute.
• C) The court believes that the lawsuit can be settled before/without trial.
• D) A defendant does not file a written response to a plaintiff's complaint.

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Definitions:

Start-up Firms

New business ventures that are in the early stages of operation, often characterized by innovative products or services and high growth potential.

United States

A country located in North America, comprised of 50 states, a federal district, five major self-governing territories, and various possessions.

Bankrupt

A legal situation in which an individual or firm finds that it cannot make timely interest payments on money it has borrowed. In such cases, a bankruptcy judge can order the individual or firm to liquidate (turn into cash) its assets in order to pay lenders at least some portion of the amount they are owed.

Creative Destruction

A concept in economics introduced by Joseph Schumpeter, referring to the process where outdated or obsolete products, services, and technologies are replaced by innovative and more efficient ones, driving economic progress.