In a __________ Case,courts Enforce Contracts and Award Damages to Victims

question 45

Multiple Choice

In a __________ case,courts enforce contracts and award damages to victims of negligence.

• A)Grand Jury
• B)civil
• C)Supreme Court
• D)criminal

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Definitions:

Twelve or More Creditors

A situation where an individual or entity owes debts to twelve or more separate creditors, often relevant in bankruptcy contexts.

Voluntary Petition

A legal document filed by an individual or business entity requesting to declare bankruptcy under their own will.

Financial Statements

Official records that outline the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.

Credit Counseling

A service provided to individuals to help them manage their debt, improve their financial situation, and offer advice on budgeting and credit management.