When a Foreign Judgment Is Obtained Against a Business or Individual,which

question 17

Multiple Choice

When a foreign judgment is obtained against a business or individual,which of the following statements is true?

• A)If the business has no assets in the foreign jurisdiction or if there is no treaty in place to allow for enforcement,enforcement is a substantial threat.
• B)Whether a business resides in a foreign or domestic jurisdiction presents no problems regarding enforcement.
• C)Since the business resides in a foreign jurisdiction,there is no threat of enforcement.
• D)Since the judgment is obtained in a foreign jurisdiction,the business or individual may be extradited to face criminal charges.
• E)If the business has assets in the foreign jurisdiction or there are treaties in place to allow for enforcement,it is quite likely that the foreign judgment will be enforced.

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Definitions:

Coupon Rate

The yearly percentage rate of interest that is paid on a bond, relative to its nominal value.

Yield To Maturity

The total return anticipated on a bond if the bond is held until it matures, accounting for its current market price, face value, interest rate, and time to maturity.

Face Value

The original cost of a security or bond, as printed on the certificate, which does not change over time.

Coupon Rate

The interest rate specified on a bond or other fixed income security that the issuer promises to pay to the holder until maturity.