Discovery is the pretrial gathering of information from each other by the parties

Isabel and Josh engage in a business transaction that leads to a dispute. Isabel initiates a lawsuit against Josh by filing a compliant. The sheriff serves Josh with a summons. If Josh chooses to ignore it:

a. Isabel must file an amended complaint b. Isabel will have a judgment entered in her favor c. Josh must be served with a second summons d. Josh will have a judgment entered in his favor

In considering whether a company should invest in debt or equity securities of another company, which of the following statements is incorrect?

A) The company wants to make the best use of its excess cash to generate investment income. B) Investment income consists of interest earned from equity securities and dividends earned from debt investments. C) Investment income includes increases in the market value of debit or equity securities. D) The excess cash that can be invested could be the result of temporary or seasonal business fluctuations.