Author Question: Mr. Holden, a program developer, had a successful business helping small firms and shops computerize ... (Read 62 times)

tichca · **on:** Aug 7, 2021

Mr. Holden, a program developer, had a successful business helping small firms and shops computerize their businesses. In his spare time, he developed software for inventory control that was superior to others on the market. He launched an ad campaign and all went well for several months until a competitor released a cheaper program. In time, Holden could not pay his debts when they became due and owing. A supplier sued for damages and was awarded $21 000. Holden did not pay. With regard to the supplier's position at this time, which of the following is true?
◦ Since the decision is in his favour, the supplier would be a judgment creditor and Holden would be a judgment debtor.
◦ The supplier could get a government official to seize and sell enough of Holden's property to satisfy the debt.
◦ The supplier could ask for a post-trial hearing to identify Holden's assets and sources of income.
◦ The supplier could have a garnishee order served on Holden's bank, ordering the bank to pay money into court instead of to Holden.
◦ All of the above

ju · **Reply #1 on:** Aug 7, 2021

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 64% of students answer this correctly