Fact Pattern 3-B1

question 12

Multiple Choice

Fact Pattern 3-B1
Orin and Pia engage in a business transaction from which a dispute arises. Orin initiates a lawsuit against Pia by filing a complaint.
-Real Cleen Laundry, Inc., files a suit against Sudsee Soap Company and seeks, as part of dis?covery, certain documents in Sudsee's possession. A legitimate reason for this request is that the documents contain

• A) private information that should be made public.
• B) proof that Real Cleen needs to establish its case.
• C) proof that Sudsee needs to defend against the suit.
• D) public information in its most convenient form.

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Definitions:

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculated by adding the total value of all goods and services produced within its borders.

National Debt

The sum total of finances that a nation's government has amassed in debt via various avenues.

Deficit

An economic condition where expenditures exceed revenue, common in government budgets.

Surplus

A situation where the quantity supplied of a good or service exceeds the quantity demanded at the current price.