What Type of Debt Is Not Included in Calculating a Partner's

question 99

Multiple Choice

What type of debt is not included in calculating a partner's at-risk amount?

• A)Recourse debt
• B)Qualified nonrecourse debt
• C)Nonrecourse debt
• D)All of these types of debt are included in the at-risk amount.

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Definitions:

Unreasonable Risk

A level of danger that surpasses what is considered acceptable or safe in a given context.

Comparative Negligence

A legal doctrine that allocates damages based on the degree of fault of each party involved in an accident.

Contributory Negligence

A legal doctrine stating that if the plaintiff in a tort law case is found to be partially at fault for the accident, they may be barred from receiving compensation.

Unfounded Claims

Assertions or allegations that lack supporting evidence or basis in fact, often considered to be baseless or false.