Examlex
Which of the following factors of production is least likely to exhibit diminishing marginal product?
Counterclaim
A claim made by a defendant in a civil lawsuit against the plaintiff. In effect, a counterclaiming defendant is suing the plaintiff.
Liable
Being legally responsible for something, especially in terms of being subject to legal action or obligation to provide compensation.
Default Judgement
A judgment entered by a court for the plaintiff when the defendant fails to respond to a legal action.
Memorandum of Law
A detailed written document prepared by an attorney to present legal arguments and precedents in support of a case.
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