?Partnerships do not pay federal income taxes as an entity. Each partner declares his or her profits from the partnership as personal income. The partnership is referred to as which of the following?
A. ?A tax-free entity
B. ?A pass-through entity
C. ?A personal tax entity
D. ?A run-through entity
Answer: B
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?Criminal actions involve ____wrongs.
A. ?general B. ?private C. ?legal D. ?public
An answer is:
A. Made by the defendant to answer the fact pleadings made in a complaint pleading. B. A motion made by the plaintiff to respond to counterclaims made by the defendant C. A pleading made by the plaintiff to request documents from opposing counsel D. None of the above
A decision by the US Supreme Court is considered what type of law?
A) case law B) statute C) regulation D) executive order
The federal law that requires lenders to provide homebuyers with information about known or estimated settlement costs is:
a. Fair Housing Act of 1968 (Title VII) b. Real Property Act of 1968 (and amendments thereto) c. Real Estate Settlement Procedures Act d. Truth In Lending Act