If Both §§ 357(b) and (C) Apply to the Same

question 106

True/False

If both §§ 357(b) and (c) apply to the same transfer (i.e., the liability is not supported by a bona fide business purpose and also exceeds the basis of the properties transferred), § 357(c) predominates.

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Definitions:

Self-Determination Theory

A psychological theory of motivation that emphasizes the role of intrinsic motivations in personal growth and behavioral self-regulation.

Mindfulness

In positive psychology, the idea that one should be consciously aware of and in control of every moment of your subjective experience.

Flow

The totally absorbing experience of engaging in an activity that is valuable for its own sake. In flow, mood is slightly elevated and time seems to pass quickly.

Awe

A feeling of reverential respect mixed with fear or wonder inspired by what is considered sublime or powerful.