A debtor acts in ________ when he or she conceals or misrepresents assets, income, or expenses; intends to avoid paying a large debt to a creditor; or spends lavishly without regard for how to pay the bills

A) Blind faith
B) Leap of faith
C) Tested faith
D) Bad faith


D

Legal Studies & Paralegal

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Lucy told Jim her house is for sale, for $252,000. Jim told Lucy his is very interested but wanted his wife to see it first. That evening, Jim’s wife drives by the home. She calls Jim and says she loves the house – but there is a sold sign on the front lawn. Jim calls Lucy and says, “I accept.” What are the issues relevant to the problem?

What will be an ideal response?

Legal Studies & Paralegal

Not all provisions of a dissolution agreement are modifiable. There are provisions that are subject to the court's jurisdiction after the decree. This kind of jurisdiction is called:

a. In persona jurisdiction. b. In rem jurisdiction. c. Continuing jurisdiction. d. Subject matter jurisdiction.

Legal Studies & Paralegal

Joint legal custody is presumed to be in the best interest of the children because both parents are involved in their lives.

Answer the following statement true (T) or false (F)

Legal Studies & Paralegal

The Automatic Stay typically terminates ________ days after the bankruptcy petition is filed in no asset cases filed under Chapter 7 of the Bankruptcy Code

Fill in the blank(s) with correct word

Legal Studies & Paralegal