When parties to a divorce action jointly attempt to deceive the court, this action is known as collusion
Indicate whether the statement is true or false
TRUE
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Dexter and Helen purchased a house one year after their marriage for $100,000. At the time of their divorce 15 years later, the mortgage had been paid off and the house was appraised as having a current equity of $200,000. The court determined that Helen’s equitable percentage of this asset was 40 percent. Helen “bought out” Dexter’s share of the house by transferring to him another asset worth $120,000. The deed to the house was transferred to Helen’s sole name. Ten years later, Helen sells the house for $280,000. If the capital gains tax rate at that time is 20 percent and Helen is not eligible for any exemption, Helen will owe ______________________ in capital gains tax.
Fill in the blank(s) with the appropriate word(s).
Most paralegals are compensated primarily by:
a. Hourly wages b. Salaries c. Bonuses d. Overtime e. Hourly wages and salaries
A local electrician in a small community performs some electrical wiring in a residential home. Some other electricians in the general area also utilize the same procedures. As a result of alleged negligence in the wiring, the plaintiff suffers an electric shock and is seriously injured. The likely result is:
a. The electrician will prevail by establishing he met local standards. b. The plaintiff will prevail because the electrician's conduct will be judged by a national standard, not a local standard. c. It will depend upon which side has the better expert witness(s). d. The electrician will prevail because he did not intend this injury to occur.
The forgery of a person's signature to a will that is invalid because of an improper number of witnesses would not be a forgery.
a. true b. false