When a Party Asks a Judge to Base a Decision

question 83

Multiple Choice

When a party asks a judge to base a decision of a case on the pleadings and affidavits provided there are no material disputed issues of fact,the party is most likely to be filing a motion for _____.

• A) summary judgment
• B) a judgment on the pleadings
• C) judgment as a matter of law
• D) a general demurrer
• E) directed verdict

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Definitions:

Discounted Note

A promissory note whose proceeds are issued at a price lower than its face value, with the difference compensating the lender for risk.

360-Day Year

An accounting convention that simplifies interest calculation by assuming all months have 30 days, resulting in a 360-day year.

Interest Charged

The cost incurred for borrowing money or the amount earned on deposited funds, usually expressed as a percentage of the principal.

Contingent Liability

A potential financial obligation that may arise depending on the outcome of a future event.