Paralegal Advanced Competency Exam (PACE) Practice Exam 2025 - Free PACE Practice Questions and Study Guide

A judgment primarily involves the creditor and the debtor. In legal terms, a judgment is a formal decision made by a court regarding the rights and obligations of the parties in a civil dispute. The creditor is the party that is owed money or a benefit as a result of the dispute, while the debtor is the party that owes that money or benefit.

When a court issues a judgment in favor of the creditor, it typically reinforces the creditor's right to collect the owed amount or enforce some form of obligation from the debtor. The judgment serves to finalize the legal dispute between these two parties, establishing their respective rights and duties following the court's ruling.

The involvement of the court and the state is often more administrative in this context, and while the judge and attorneys facilitate the process, they do not have the same direct stakes in the judgment as the creditor and debtor. Witnesses and juries play roles mainly in trials but are not primary parties in a judgment itself.