Kaelen Works as a Sales Representative for a Large Book

question 43

Multiple Choice

Kaelen works as a sales representative for a large book publisher.She was recently held liable in tort and ordered to pay $35 000 to Antony.Which of the following statements is TRUE?

• A)If Kaelen wants to appeal the trial judge's decision,she normally must do so within one year of that decision.
• B)The garnishee process will allow Antony to seize and sell some of Kaelen's assets in order to satisfy judgment.
• C)Antony may be able to directly receive some of the money that Kaelen normally would receive as income from her employer,by garnisheeing the wages of Kaelen.
• D)The court's award can be classified as nominal damages because Antony is entitled to receive damages of a certain denomination in money.
• E)If Kaelen does not have enough money to fully pay her debt to Antony,Antony will be entitled to collect the remainder either from Kaelen's lawyer or,if Kaelen's lawyer does not have sufficient funds,from the law society's assurance fund.

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Definitions:

Total Profit

The overall financial gain made by a business after subtracting all expenses from total revenue.

Graph

A diagram representing a system of connections or interrelations among two or more things by a number of distinctive dots, lines, bars, etc.

Rectangle

A four-sided polygon with four right angles and opposite sides of equal length.

Perfect Competitors

Market participants in a perfectly competitive market where no single buyer or seller has the power to influence prices.