Which of the following statements is TRUE with respect to remedies?
A) Nominal damages are defined as damages that are awarded against a named defendant,rather than against a corporation.
B) Punitive damages are available only in criminal proceedings.
C) If a judgment debtor is bankrupt,a claimant who is entitled to claim that assets of the bankrupt's estate are held in trust for the claimant may be able to fully enforce a judgment against those assets,and the other creditors may be left to receive a dividend from the remaining estate of something less than full payment of the debts owed to them by the bankrupt.
D) Each law society has an assurance fund in order to provide a source of compensation for claimants who are unable to fully enforce their judgments against bankrupt judgment debtors.
E) Nominal damages are awarded if a case involves several plaintiffs and the court must decide,or nominate,which plaintiff is entitled to enforce a remedy.
Correct Answer:
Verified
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