Marisa successfully sued Ivan,a stockbroker who works for Blue Sky Investments,for breach of contract.The court held that Ivan's breach caused Marisa to suffer a financial loss of $50 000.The court also held that Ivan is personally liable to pay that amount to Marisa.Which of the following statements is TRUE?

Question

Quizplus · Accepted Answer

Garnishing the non-exempt portion of Ivan's income is a possible method of collecting the debt owed by Ivan to Marisa. Option A is incorrect because the damages awarded in this case were compensatory damages, not punitive damages. Option B is also incorrect because an award of damages is not the same as an order for specific performance, which would require that Ivan fulfill the terms of the breached contract. Option C is incorrect because Marisa is the judgment creditor, not the judgment debtor. Option D is incorrect because seizing and selling all of Ivan's assets may not be necessary or appropriate to satisfy the debt owed to Marisa.

Marisa Successfully Sued Ivan,a Stockbroker Who Works for Blue Sky