Match Each Numbered Entry with the Most Relevant Lettered Entry

question 2

Multiple Choice

Match each numbered entry with the most relevant lettered entry below.
-marital deduction

• A)recipient
• B)increase in value
• C)fixed sum payable periodically
• D)no compulsion to sell
• E)initial capital investment
• F)to receive an actual benefit or loss
• G)a legal share or right in something
• H)lifetime and testamentary transfers
• I)relief from tax obligation
• J)after allowable deductions

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Definitions:

Mutual Mistake

An error shared by all parties to a contract, possibly making the agreement voidable.

Unilateral Mistake

A situation where only one party to an agreement is mistaken about a basic assumption on which the contract is made.

Equity

The value of ownership interest in property, including shareholders' equity in a corporation, minus liabilities and debts.

Concealment

The active hiding of the truth about a material fact.