In a Duress Case, You Do Not Have to Prove

question 18

True/False

In a duress case, you do not have to prove coercion.

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Definitions:

Long-Term Capital Gains

Profits from the sale of an asset held for more than a specified period, typically taxed at a lower rate than short-term gains.

Dividends

Payments made by a corporation to its shareholder members, typically from profits or reserves.

Ordinary Income

Income earned from conducting standard business operations, as opposed to capital gains or investment income.

Straight Line

In finance, often refers to a method of depreciation where an asset's value decreases evenly over its useful life.