Examlex
In 2017, José, a widower, sells land (fair market value of $100,000) to his daughter, Linda, for $50,000. José has not made a taxable gift.
Negligently
Acting with a lack of proper care or attention, resulting in harm or injury to another person or property.
Relative Capital Contributions
The contributions, often in the form of money or assets, that partners make relative to one another in a partnership or investment setting.
Dissolved
The process of legally disbanding a corporation or partnership, effectively ending its existence.
Errand Runner
A person or service engaged to perform small tasks or deliveries.
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