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:

FOB Shipping Point

A term indicating that the buyer takes ownership of goods being shipped to them at the point of departure from the seller's shipping dock.

Invoice

A document issued by a seller to a buyer that lists the products or services provided, along with quantities, prices, and payment terms.

Net Price Method

An accounting method that records purchases at the net price, after deducting any discounts, rather than recording them at the gross price.