Fact Pattern 3-B2 (Questions B18-B20 Apply)

question 21

Multiple Choice

Fact Pattern 3-B2 (Questions B18-B20 apply)
Martin files a suit against Nichelle in a state court over payment due on a short-term employment contract.The case proceeds to trial,after which the court renders a verdict.The case is appealed to an appellate court.
-Refer to Fact Pattern 3-B2.After its review of Martin v.Nichelle,the appellate court upholds the lower court's verdict.The appellate court has

• A)affirmed the case.
• B)reversed the case.
• C)remanded the case.
• D)reversed and remanded the case.

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Definitions:

Bankruptcy Process

A legal procedure for dealing with debt problems of individuals and businesses; specifically, a formal declaration that an entity cannot pay its debts, leading to a reorganization or liquidation of assets.

Secured Creditor

A lender protected by an asset or collateral, ensuring priority payment if the borrower defaults.

Seize Property

The act of taking possession of property, often by legal authority, due to the failure to comply with a court order or owing to a breach of law.

Guarantor

A person or entity that agrees to be responsible for another's debt or performance under a contract if the original party fails to meet their obligations.