Which of the Following Is Not One of the Usual

question 38

Multiple Choice

Which of the following is not one of the usual responses of a debtor to the initiation of legal proceedings by a creditor?

• A)Denying liability and lodging a defence.
• B)Admitting liability and lodging a statement of claim.
• C)Failing to respond.
• D)Lodging a counter-claim.

Acknowledge the challenges and solutions related to product delivery timelines in crowdfunding projects.

Understand the role and benefits of preparing and seeking advice before starting a crowdfunding campaign.

Grasp the importance of the financial arrangement clarity when borrowing from friends and family as it relates to crowdfunding.

Differentiate crowdfunding platforms based on their focus areas such as technology, science, and creative projects.

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Definitions:

ASIC

ASIC stands for Australian Securities and Investments Commission, a body that regulates financial markets, securities, futures, and corporations in Australia.

Non-reporting Entities

Businesses or organizations that are not required to prepare or submit financial reports to regulatory agencies or stakeholders.

AASB 10/IFRS 10

Accounting standards outlining the principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities.

Wholly Owned Subsidiary

A company whose entire share capital is held by another company.