Each State Permits a Debtor in Bankruptcy to Retain the Family

question 2

True/False

Each state permits a debtor in bankruptcy to retain the family home in order to preserve some equity to pay any debts that are discharged.

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Definitions:

Non-contingent Reinforcement

A behavior reinforcement strategy where rewards are given at fixed times or intervals, regardless of the behavior exhibited.

Thorndike

Edward Thorndike was an American psychologist who formulated the Law of Effect, which posits that behaviors followed by satisfying outcomes are likely to recur.

Successful Responses

are behaviors or actions that effectively achieve the desired outcome or solve a particular problem in a given context.

Preparedness

An evolutionary concept that suggests humans and animals are inherently inclined to form certain associations or reactions to stimuli which enhance survival and reproduction.