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:

Radical Behaviourism

A theory in psychology that emphasizes the external behaviors of people and their reactions on the environment, while dismissing thoughts and feelings as mere products of said behavior.

B F Skinner

An influential American psychologist known for his work in behaviorism and the development of the operant conditioning theory.

Genetic Inheritance

The process by which genetic information is passed on from parents to their offspring, determining specific traits or characteristics.

Prior Experiences

previously encountered events or situations that influence an individual's current thinking, behavior, or learning.