What Is the Most Likely Reason That the Judge Refused

question 60

Multiple Choice

What is the most likely reason that the judge refused to allow the sheriff to seize Molly's equipment?

• A) It would have been worth more than that owed to Peggy.
• B) It was not listed as assets in the original complaint filed with the court.
• C) It was exempt as tools and instruments needed to carry on a trade.
• D) Peggy had a duty to exhaust all other avenues of recovery before seizing those items.
• E) She incorrectly asked the sheriff to involve law enforcement and should have seized the goods herself.

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Definitions:

Commercial Banks

Organizations that take in deposits, issue different types of loans, and offer a range of financial services to both individuals and enterprises.

Savings Account

A bank account where money is kept for savings purposes, offering interest on the deposited funds.

Precautionary Cash Balances

Precautionary cash balances refer to money held by both businesses and individuals to meet unexpected expenses or financial emergencies.

Unexpected Expenditures

Expenses that were not planned or budgeted for, often requiring immediate payment.