A Request for Admission That Is Refused and Later Proved

question 143

True/False

A request for admission that is refused and later proved can carry a penalty of recovery of attorney's fees.

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Definitions:

Nature

The inherent or fundamental qualities or characteristics of something, often referring to the physical world and its phenomena.

Dissolved

The process of legally disbanding a corporation or partnership, effectively ending its existence.

Corporation

A legal entity that is separate from its owners, providing limited liability to its shareholders and capable of owning property, entering contracts, and being sued.

Preferred Shareholders

Holders of preferred shares who may have a right to vote arising if dividends are not paid.