Which of the following statements is TRUE regarding community property law?
A) It has been adopted in a majority of the states.
B) In jurisdictions where community property law governs division of property upon divorce, the laws are identical state-to-state.
C) In community property jurisdictions, conduct during the marriage is never considered by the courts.
D) A primary advantage of the community property system is that upon the death of one of the spouse's, the other spouse receives a "double step-up" in basis of the property received as a result of the deceased spouse's death.
D
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Most lenders require that a copy of the hazard insurance be provided to them at closing.
Answer the following statement true (T) or false (F)
Erie v. Tompkinsestablished the principle that?
A. ?the U.S. Constitution is supreme. B. ?there is no federal common law in diversity cases. C. ?stare decisismust be followed in federal courts. D. ?federal courts have jurisdiction over diversity cases.
In a ________________file system, a file department manages all active files.?
A. ?decentralized B. ?centralized C. ?combination decentralized and centralized D. ?all of the above E. ?none of the above
What is a Central file control?
What will be an ideal response?