Question: ABC Loans Ltd . successfully sued Brian Dooley and obtained a judgment for $ 1 5 0 0 0 0 after Dooley failed to repay
ABC Loans Ltd successfully sued Brian Dooley and obtained a judgment for $ after Dooley failed to repay a loan. The value of all of Dooley's assets is only about $ Which statement best describes the steps ABC can now take against Dooley?
Select one:
a ABC can seize all of Dooley's assets and apply the proceeds to go tomstrd the judgment
b ABC will be able to apply to a public fund in the event that Dooley is unable to pay the entire judgment
c ABC cannot seize Dooley's assets but can garnish his bank account
d ABC will be limited in its ability to seize Dooley's assets because some assets may be exempt from seizure to ensure Dooley is not left destitute
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
