Judgment | ORDER 20 |தீர்ப்பு | MASKMOONJI | In Tamil - In this video we clearly explains about , what is judgment and how the judgment was pronouncing , and how its making with following condition followed,So guys please share this video to friends and families.
What Is a Judgment?
Judgment is a court decision, spelled out in a court order, that adjudicates a dispute between two parties by determining the rights and obligations of each party. A judgment may require monetary compensation or transfer of property from one party to another. Judgments can also have non-monetary requirements, such as instructing one party to perform a service for the other.
Understanding a Judgment
Judgments are classified as:
In personam is the most common type of judgment that holds one entity personally liable to another.
In rem imposes a general liability over a thing, such as property, but no personal liability.
Quasi in rem determines the rights of an individual, rather than all parties, in a particular thing, such as property.
Judgments are usually monetary, but can also be non-monetary.
Monetary judgment: If someone has been harmed in some way, they will seek to resolve the dispute in court and collect damages by filing a lawsuit. The resulting court judgment orders the loser of that lawsuit to pay the winner a specified sum of money.
Non-monetary judgment: A contractor may be forced to complete a job rather than settle the dispute by paying money.
Special Considerations
Most of the time, a judgment will be for a sum of money because money is the most appropriate form of compensation for the harm. A judgment, paid or unpaid, will remain on the debtor's credit report for seven years, but it will have a worse effect on their credit score if it is unpaid.
For the winner of a lawsuit, a court judgment is only the first step in getting the money they are owed. Actually collecting the money from the debtor can be a long, arduous, and not always successful, process. However, judgments are legally enforceable. So, if the debtor does not voluntarily pay the judgment, the creditor can take steps such as conducting a debtor's examination, seizing bank accounts, putting a lien on the debtor's property, or hiring a debt collector.
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