What Advice Should You Give to Your Client at the Conclusion

question 4

Multiple Choice

What advice should you give to your client at the conclusion of trial regarding judgment?

• A) The judge will always give judgment on the day no matter how long it takes.
• B) The judge will always ask the parties to come to his chambers the following day to hear the judgment.
• C) The judge may reserve judgment to a date and time to be agreed by the judge the court clerk and the parties.
• D) The judge will send the judgment in the first class post within 7 days of the conclusion of the trial.

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Definitions:

Factoring Accounts Receivable

A financial transaction whereby a business sells its accounts receivable to a third party at a discount in exchange for immediate cash.

Without Recourse

A financial term indicating that the seller of an asset is not liable if the underlying assets fail to perform as expected.

Maturity Factoring

A form of financing where a business sells its invoices to a factor at a discount for immediate cash, with the collection of funds from customers handled by the factor upon maturity.

Cash Conversion Cycle

A metric that measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.