If a Losing Party Fails to Pay a Judgment Ordered

question 418

True/False

If a losing party fails to pay a judgment ordered by the court, a writ of execution may be issued to allow property to be seized to satisfy the judgment.

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Definitions:

Disposable Income

The total amount of money available for an individual or household to spend or save after income taxes have been deducted.

MPS

The marginal propensity to save, indicating the proportion of additional income that a household saves rather than spends on consumer goods.

C

In economic formulas, "C" typically represents consumption spending by households.

Consumers

Individuals or households that purchase goods and services for personal use.