In a Few States, If a Judgment Debtor Does Not

question 56

True/False

In a few states, if a judgment debtor does not have a family, a creditor may be entitled to collect the full amount realized from the sale of the debtor's home.

---

Definitions:

Condition Subsequent

A condition in a contract that, if it occurs, could terminate the contract or change the parties' obligations going forward.

Satisfaction Of The Buyer

The fulfillment and acceptance of all specified requirements by the buyer in a transaction.

Subjective Standard

A criterion for judgment that varies based on individual perceptions, feelings, or opinions, rather than objective external factors.

Objective Impossibility

A situation where the fulfillment of a contract is literally impossible due to circumstances beyond the control of the involved parties.