 We now discuss questions that arise in view of conflicts that are irresolvable since no available resolution principles applies. One can draw inferences either in a “cautious” or “bold” fashion (also known as “skeptical” or, respectively, “credulous”). These two options correspond to significantly different ways to construe a given body of defeasible knowledge, and yield different results as to what defeasible conclusions are warranted on the basis of such a knowledge base. 