The Transfer of an Installment Obligation in a Transaction Qualifying

question 72

True/False

The transfer of an installment obligation in a transaction qualifying under § 351 is a disposition of the obligation that causes gain to be recognized by the transferor.

---

Definitions:

Attitude-Behavior Correspondence

The degree to which an individual's attitude is reflected in their behavior.

Judgment

The ability to make considered decisions or come to sensible conclusions based on a critical assessment of facts and information.

Context

The circumstances or background that surround and give meaning to an event, statement, or idea.

Evaluative Belief

A judgment or assessment about the value or worth of something, based on criteria or standards.