Isabel and Josh Engage in a Business Transaction That Leads

question 38

Multiple Choice

Isabel and Josh engage in a business transaction that leads to a dispute. Isabel initiates a lawsuit against Josh by filing a complaint. The sheriff serves Josh with a summons. If Josh chooses to ignore it,​

• A) ​Isabel must file an amended complaint.
• B) ​Isabel will have a judgment entered in her favor.
• C) ​Josh must be served with a second summons.
• D) ​Josh will have a judgment entered in his favor.

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Definitions:

Investment

The action of allocating resources, usually money, into something to earn income or profit.

Venture Capital Fund

A pooled investment fund that focuses primarily on investing in high-growth start-up companies.

High-Risk Ventures

Business projects or investment opportunities characterized by a high probability of failure but potentially yielding high rewards.

Bonds

Long-term debt securities issued by governments or corporations to finance their operations, offering periodic interest payments to investors.