Which of the Following May Qualify as an Installment Sale

question 33

Multiple Choice

Which of the following may qualify as an installment sale?

• A) Land sold at a loss.
• B) Sale of asset used in a business at a gain.
• C) Sale of inventory at a gain.
• D) Sale of securities.
• E) All of the choices qualify for installment sale treatment.

---

Definitions:

Privileged Communications

A legal concept preventing certain discussions held in confidence (e.g., between lawyer and client) from being disclosed without the consent of the disclosing party.

Fifth Amendment

An amendment to the United States Constitution that provides for various legal protections, including the right against self-incrimination and double jeopardy.

Jurisdictions

The official power to make legal decisions and judgments, often within a geographic area or over a certain type of case.

Arraigned

The process in which a defendant is brought before a court to hear charges and enter a plea.