Question

One of the suppliers of Golddust Inc., who is owed $500.000, started a court action to...

One of the suppliers of Golddust Inc., who is owed $500.000, started a court action to reclaim that debt. Paulos also gave a personal guarantee of his debt, and has been sued in the same action. Neither Paulos nor the company has defended. On October 7, the supplier wants to obtain a default judgment against Golddust Inc. and Paulos

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Answer #1

In this case the supplier, in his capacity as a plaintiff, will get a default judgment against both Golddust Inc. and Paulos.

A default judgment is a binding judgment that is issued by a court usually in favor of plaintiff when the defendant fails to respond to a court summons or fails to appear in court. The damages of $500 (i.e. the amount owed) will be included in the default judgment. The plaintiff is the creditor in this case and the defendant will be found guilty because it never entered a defense.

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