What does the term judgment-proof imply about a debtor? A. He/she has defaulted on a mortgage B. He/she has paid the full amount for the transaction C. He/she has provided a security interest for the debt D. He/she has no property subject to execution

Question

Yair Pratt

Business

11 May, 02:12

What does the term judgment-proof imply about a debtor? A. He/she has defaulted on a mortgage B. He/she has paid the full amount for the transaction C. He/she has provided a security interest for the debt D. He/she has no property subject to execution

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Janelle Clements · Answer 1

Answer: Option D

Explanation: Debtor can be defined as an individual who owes us money. Sometimes there comes a situation when the debtor becomes completely insolvent and left nothing for execution, in such instance the concerned debtor is termed as judgment proof.

Thus, from the above explanation we can assume that option D is the correct answer.