A Defendant Does Not Want to Go Through a Trial

question 19

Multiple Choice

A defendant does not want to go through a trial, and wants the issue at hand dealt with expediently. He may use:

• A) a release of tortfeasor.
• B) alternative dispute resolution.
• C) the discovery rule.
• D) all of the above.

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Definitions:

Net Realizable Value

The estimated selling price of an asset in the ordinary course of business minus any costs necessary to make the sale.

Accounts Receivable

Money owed to a company by its customers for products or services that have been delivered but not yet paid for.

Written Off

The process of acknowledging that a debt is uncollectible and removing it from the accounts.

Bad Debts Expense

An estimated expense that represents the amount of receivables that are not expected to be collected.