What was the net amount paid out by the contractor after winning a court case for $5,000, considering attorney's fees?

Study for the South Carolina Business Management and Law Exam with comprehensive question sets, flashcards, and detailed explanations. Prepare effectively and ace your exam!

To determine the net amount paid out by the contractor after winning a court case for $5,000, considering attorney's fees, it is important to assess the situation presented. The key detail here is that after winning the case, the contractor received a payment of $5,000 from the opposing party.

If we assume the correct answer indicates no deduction for attorney's fees, then the contractor ultimately takes home the full amount awarded by the court, which is $5,000. This would suggest that either the attorney's fees were not deducted from this amount or that the question does not involve deductions at all.

In legal matters, attorney's fees can often be the responsibility of the losing party or may be a separate arrangement, which would account for the contractor receiving the full judgment amount. Understanding that the contractor is indeed awarded the sum directly impacts the interpretation of the net amount.

Thus, the contractor effectively ends up with the complete amount awarded after winning, validating the conclusion that they received $5,000 without any deductions.

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