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Why are transfer payments not included in GDP?
Prejudicial Error
An error that occurs during a trial, which affects the outcome of the case and may lead to the reversal of the trial court's decision on appeal.
Default Judgment
A binding judgment in favor of either party based on some failure to take action by the other party, often because the defendant does not respond to a summons.
Defendant
An individual, company, or institution sued or accused in a court of law.
Fails to Respond
Refers to the failure of a party to reply or take action within the stipulated time in a legal context.
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