Jessica and David Are in a Relationship

question 49

Multiple Choice

Jessica and David are in a relationship.If they break up,in which situation would their property be shared automatically?

• A)if they are legally married
• B)if they have lived together for three years
• C)if they have a child together
• D)if it was an arranged marriage

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Definitions:

Note

A promise by the maker of the note to pay the payee of the note.

Bank

A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.

Negotiable Instruments

Financial documents that guarantee the payment of a specified sum of money, either on-demand or at a set time.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize statutes across the states to facilitate easier interstate commerce.