The process of liquidated based on the express provision in the state statues for payment of all debts is called:

a. Inventory
b. Accountings
c. Abatement
d. Testamentary letters


c. Abatement

Legal Studies & Paralegal

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If the debtor purposely conceals, destroys, or hinders any information pertaining to his or her assets, it could result in a(n) ________

Fill in the blank(s) with correct word

Legal Studies & Paralegal

John and Audrey have been married for twenty years. Throughout their marriage, John worked at ABCD Company, a corporation that manufactures sophisticated motorized vehicles for children. John was injured on the job in a production accident. ABCD subsequently let him go because he was missing too much work. Since the accident he has been staying in the marital home except for one week a year when

they vacation at the cottage Audrey inherited from her parents five years ago. The stress from the accident has tested John and Audrey's marriage and they have decided to divorce. Which of the following assets is more likely to be considered marital property rather than separate property? A) an award to John for personal injuries and pain and suffering resulting from his accident B) the proceeds from a wrongful termination suit brought by John against ABCD C) the vacation home D) All of the above are likely to be considered marital assets.

Legal Studies & Paralegal

The best source from which to obtain a general summary of the law is:

A. a Restatement of the Law. B. a legal encyclopedia. C. a law review article. D. an A.L.R.

Legal Studies & Paralegal

Case law is published in large sets of books often referred to as ________

Fill in the blank(s) with correct word

Legal Studies & Paralegal