Liz and Jeff Live in California,a State That Recognizes Community

question 30

Multiple Choice

Liz and Jeff live in California,a state that recognizes community property.Jeff is a machinist who makes $30,000 a year.Liz is the owner of a franchise where her take-home profit is approximately $75,000 a year.Jeff and Liz purchased a house during their marriage wherein Liz paid three-fourths of the purchase price and Jeff paid one-fourth.Which of the following statements is correct with regard to Jeff and Liz?

• A)Each owns one-half of the real property and other assets they acquire during the marriage.
• B)The community property rules do not allow Jeff and Liz to maintain separate ownership of assets they each bring to the marriage or inherit.
• C)Community property can be sold by Jeff or Liz without consent by the other.
• D)Jeff owns one-fourth of the property and Liz owns three-fourths.

---

Definitions:

Utilitarianism

A system of ethical thought that focuses on the consequences of an action.

Circumstances

The conditions or facts affecting a situation, event, or action.

Rational Ethics

A system of ethical thought that uses reason as the basis for making ethical judgments.

Objective Ethics

A philosophical viewpoint asserting that certain acts are inherently right or wrong, independent of human opinion.