Neville Files a Suit Against Olina

question 41

Multiple Choice

Neville files a suit against Olina. In order to avoid a default judgement, Olina must

• A) file a motion for summary judgment.
• B) countersue within thirty days of receiving the complaint.
• C) deny all facts Neville asserted.
• D) file a motion to dismiss or an answer.

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Definitions:

Balance of Payments

A comprehensive record of all monetary transactions between a country and the rest of the world over a specific period, including trade, financial transfers, and investments.

Current Account

The section of a country's balance of payments that records the imports and exports of goods and services, net earnings from abroad, and net transfer payments over a period of time.

Goods Deficit

A situation where the value of a country's imports of goods exceeds the value of its exports of goods.

Money Inflow

The total amount of money coming into a business, an economy, or an individual's finances from various sources.