Nature + effect of judgment

Question 1

when may judgment be given?

Answer 1

immediately or reserved to a later date

Question 2

when does judgment take effect?

Answer 2

the day it is made (or later if specified by the court)

Question 3

what is the nature of the judgment?

Answer 3

• Binding + enforceable if not complied with
• Res judicata = once final judgment is given, the matter cannot be re-litigated (except on appeal)

Question 4

when is money payable?

Answer 4

If money is payable (inc. costs) must be paid within 14 days of the date of the judgment (unless the order states otherwise)

Question 5

when does interest run from?

Answer 5

Where interest is payable this runs from the date of the judgment (unless the court orders otherwise)