Which of the following is a classification of a crime?
a. Felonies
b. Misdemeanors
c. Petty offenses
d. Felonies and misdemeanors
e. All of these choices are correct
E
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If property is passing to a surviving spouse as the outright owner, it automatically qualifies under this tenant of the estate tax marital deduction and is not taxed:
a. Disclaimer clause b. Marital clause c. Inter vivos clause d. Qualified Terminable Interest Property Answer: d
A breach by one party to a lease that is so significant that the non-breaching party is relieved of performing under the terms of the lease contract is a:
a. Minor breach b. Material breach c. Partial breach d. Immaterial breach
The three branches of our system of government are:
a. executive, judicial and legislative. b. administrative, executive administrative and independent administrative. c. judicial, administrative and legislative. d. executive, administrative and legislative.
A loan to a corporation is subject to Truth-in-Lending.
Answer the following statement true (T) or false (F)