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.

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Definitions:

Retail Industry

The sector of the economy that is composed of individuals and companies engaged in the selling of finished products to end-user consumers.

Non-executive Directors

Board members who are not part of the company's day-to-day operations but are responsible for oversight and strategic guidance.

Chief Financial Officer

A senior executive responsible for managing the financial actions of a company, including financial planning, risk management, and financial reporting.

General Manager

An executive responsible for overseeing the daily operations and business activities within a specific area or department of a company.