Assume for Purposes of This Assignment That Mr

question 94

Essay

Assume for purposes of this assignment that Mr. Hart is an incompetent person; that he is the only defendant in the Ann Forrester case; that Mr. Hart's guardian has been served with a summons and complaint; and that the guardian did not respond within the required 20 days. Draft the necessary state documents to obtain a default judgment in the case. Use your checklist.

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Definitions:

Opportunity Cost

The cost of what you have to give up in order to choose something else.

Output

The sum of all goods or services created by an enterprise, industry, or the economy over a certain period.

Economic Profits

The profit or loss calculated by taking out both straightforward and assumed expenses from total income.

Purely Competitive

A business environment marked by the proliferation of many small enterprises, a uniform product, and effortless procedures for both entry and exit.