Asked by Brittany Cates on May 02, 2024
Verified
The procedure that allows a judgment creditor to ask a judgment debtor about his income, property, and debts is which of the following?
A) Execution
B) Examination in aid of execution
C) Secured transaction
D) Garnishee procedure
E) Seize or sue rule
Examination in Aid
A legal process involving the interrogation of a party or witness, under oath, to clarify matters pertinent to a judicial case or administrative proceeding.
Judgment Creditor
The party in a lawsuit who has been awarded a judgment by the court and has the right to use legal means to enforce it against the judgment debtor.
Execution
The act of carrying out or putting into effect a plan, order, or legal document.
- Comprehend the strategies and guiding principles involved in the application of judgments, along with the available solutions for resolving legal disagreements.
Verified Answer
JS
jhoanna salmorinMay 09, 2024
Final Answer :
B
Explanation :
Examination in aid of execution is a legal process that enables a judgment creditor to obtain information from a debtor about their assets, income, and liabilities to facilitate the enforcement of a judgment. This procedure is designed to help the creditor identify and locate assets that can be used to satisfy the judgment.
Learning Objectives
- Comprehend the strategies and guiding principles involved in the application of judgments, along with the available solutions for resolving legal disagreements.