Neville Files a Suit Against Olina

question 68

Multiple Choice

Neville files a suit against Olina. If Olina fails to respond,

• A)Neville must appeal the case to a different court.
• B)Olina's failure to respond will be considered a denial.
• C)Neville will not be awarded a remedy.
• D)Olina will have a default judgment entered against her.

---

Definitions:

Accounts Receivable Financing

A type of financing arrangement where a company uses its outstanding invoices or receivables as collateral to secure immediate working capital from a lender.

Revolving Credit

A type of credit that does not have a fixed number of payments, in contrast to installment credit, often used for operating purposes.

Cash Cycle

The period between when a business pays for its inventory and when it receives cash from selling that inventory.

Acquisition Of Inventory

The process by which a company purchases goods and materials for production or resale, often affecting cash flow and operational strategy.