A Preliminary Injunction Is Issued by a Court Before Information

question 310

True/False

A preliminary injunction is issued by a court before information is gathered about a matter in dispute; the purpose it to hold things steady until a hearing can occur.

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Definitions:

Lessee

The party in a lease agreement who obtains the right to use an asset in exchange for periodic lease payments.

Residual Value Guarantees

Promises made by lessees to lessors that the asset being leased will have a certain value at the end of the lease term.

Lessors

Parties that lease or rent out assets to lessees in exchange for periodic payments.

Leased Assets

Assets that are used by an entity under the terms of a lease agreement, which entails periodic payments for a specified time.