Which of the Following Statements Is TRUE with Respect to Remedies

question 57

Multiple Choice

Which of the following statements is TRUE with respect to remedies?

• A) If a judgment debtor is bankrupt, a claimant who is entitled to a trust may be able to fully enforce a judgment, even if other creditors are forced to accept something less than full payment.
• B) Nominal damages are awarded if a case involves several plaintiffs and the court must decide, or nominate, which plaintiff is entitled to enforce a remedy.
• C) Punitive damages are available only in criminal proceedings.
• D) Each law society has an assurance fund in order to provide a source of compensation for claimants who are unable to fully enforce their judgments against bankrupt judgment debtors.
• E) Nominal damages are defined as damages that are awarded against a named defendant, rather than against a corporation.

---

Definitions:

Communist Governments

Government systems where the state owns and controls all major aspects of the economy, aiming for classless society and elimination of private property.

Circular Flow Diagram

A visual model of the economy that shows how dollars flow through markets among households and firms.

Promote Society

A concept or initiative aimed at advocating for societal growth, well-being, and development.

Private Cost

The costs directly incurred by those producing or consuming a good or service, excluding externalities or indirect costs.