All lawsuits are governed by the same limitation period. Once the defendant receives a statement of claim,
Question:
“All lawsuits are governed by the same limitation period. Once the defendant receives a statement of claim, they must respond in 14 days or less. If they fail to do so, a court may award default judgment.” Is that statement true? Explain your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
The statement is not true It is true that the defendant must respond quickly to a statement of claim ...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0133847154
5th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Question Posted:
Students also viewed these Business questions
-
Corporations may use the securities markets to obtain debt capital by selling corporate bonds. Bonds are securities and thus are governed by the federal securities laws. To issue new bonds, a...
-
1. Did the policies and procedures set forth in the employee handbook provide legally enforceable rights for the covered employees working under the handbook rules? 2. What are the primary sources of...
-
1. How did NBCUniversal respond to Montz and Smollers (RPIs) lawsuit for breach of contract? 2. Were the RPIs correct in their assertion that they were entitled to delayed accrual of their claims...
-
State whether or not each of the following events would result in a liability being recognised in the accounts at 30 June. 1. Taxes for the year ended 30 June, which are not payable until October. 2....
-
In 2009, Canada exported $224.9 billion worth of products to the United States. The five largest were: Product Amount Mineral fuel and oil..................$63.9 billion...
-
Solve each quadratic equation (a) Graphically, (b) Numerically, and (c) Symbolically. Express graphical and numerical solutions to the nearest tenth when appropriate. 2x + 5x3=0
-
John Marshall and Alan Tucker began working together at Marshalls financial consulting firm in approximately 1995, and they renamed the firm Marshall, Tucker & Associates, LLC. In addition to working...
-
Tanzanite Corporation issued $500,000 of 7% debentures to yield 11%, receiving $424,624. Interest is payable semiannually, and the bonds mature in five years. 1. What entries would be made by...
-
Ruby has a choice between 3 savings accounts. Savings account A has an APR of 3.9742% compounded monthly. Savings account B has an APR of 3.9886% compounded quarterly. Savings account C has an APR of...
-
1. A Truck is purchased for $200,000 and is planned to have an operating life of 8 years working 5,000 hours per year. What is the hourly owning cost of this machine, assuming the company requires a...
-
A provincial Law Society is entitled to set standards and suggest how lawyers ought to act. A Law Society, however, does not have any actual control over lawyers and it cannot offer any form of help...
-
Explain the concept of laches.
-
The vertical reactions at supports \(A\) and \(D\) of the indeterminate beam in Figure P7.18 are given. Compute the slope at \(B\) and the deflection at \(C\). \(E I\) is constant. A R = 8.2 kips 8 B...
-
In 2012, the wireless company T-Mobile sold some of its cell towers to the Crown Castle company. When the agreement was announced, the stock price of Crown Castle declined. An article in the Wall...
-
An article in the Wall Street Journal in 2012 noted: A battle over who gets stuck with tens of billions worth of bad housing loans made during the boom years explains why many Americans still cant...
-
In 1960, federal regulations prohibited banks from paying interest on checking accounts. Today, banks are legally allowed to pay interest on checking accounts, yet the value of checking accounts has...
-
An article in the Wall Street Journal contained the following: Burberry Group issued a surprise profit warning on Tuesday. . . . The announcement sent Burberrys stock down 21%. a. What is the...
-
In a speech in October 2012, Federal Reserve Governor Daniel Tarullo made the following observation: Money market funds remain a major part of the shadow banking system and a key potential systemic...
-
Related to Regardless of Your Major: Welcome to the World of Finance on page 4) In the Regardless of Your Major feature box at the beginning of this chapter, we discussed how the topic of Principle...
-
Swifty company is a publicly held corporation whose $1 par value stock is actively traded at $30 per share. The company issued 3400 shares of stock to acquire land recently advertised at $93000. When...
-
If you make a promissory note that is payable in instalments, what precaution should you take after you pay each instalment? What is the potential result of not adopting that precaution?
-
What is an acceleration clause? When is such a clause used?
-
Unlike a cheque or a bill of exchange, a promissory note does not create any rights or obligations involving a third party. Is that statement true? Explain your answer.
-
From a social welfare perspective, discuss the pros and cons of government subsidized postsecondary education.
-
Suppose the marginal propensity to consume is 0.8. The government increases government spending and taxes by $10 billion. What happens to aggregate output demanded?
-
A profit-maximizing firm incurs an economic loss of $30,000 per year. Its fixed cost is $25,000 a year. Should the firm produce or shut down in the short run. Suppose instead that the firm has a...
Study smarter with the SolutionInn App