Assume That Your Client Has a Judgment for $250,000 Against

question 94

Essay

Assume that your client has a judgment for $250,000 against X, who lives in your state. You know that X has $100,000 in liability insurance, a $100,000 home and land, a small cottage worth $60,000 (but only $15,000 paid for), two vehicles each worth $10,000 (both paid for), a boat worth $7,000, and an online coffee business that generates $30,000 in gross annual income. Under your state statutes, what of X's assets are not exempt from execution on the judgment?

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Definitions:

Vicarious Liability

Refers to the legal responsibility of one party for the actions of another, typically in employer-employee relationships.

Time and Place Theory

A concept in communication that considers how the time and place of a message's receipt affect its interpretation.

Workplace Harassment

Unwelcome conduct in a professional environment that can lead to a hostile work atmosphere or affect an employee's job performance.

Outside the Scope

Referring to matters that fall beyond the range of authority, interest, or area of consideration designated for a particular discussion, activity, or project.