Community Property Would Include

question 40

Multiple Choice

Community property would include:

• A) a house bought by the married couple.
• B) gifts of $500 given to wife while they were married.
• C) an inheritance of a diamond by husband while they were married.
• D) a painting bought by wife before the marriage.

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Definitions:

Handwriting

The act or process of writing by hand, including the style and manner in which a person writes.

Merchants

Individuals or entities engaged in the sale of goods and services, often within specific sectors or industries, playing a crucial role in the economy.

Negotiable Instrument

A formal written commitment to pay a particular amount of money, either when asked or at an agreed-upon time, with the individual who will make the payment specified in the document.

Enforceable Assignment

A transfer of rights or property that is valid under law, allowing the assignee to enforce the assignment against the assignor and possibly against third parties.