One of the Major Criticisms of the Constitution, as Drafted

question 89

Multiple Choice

One of the major criticisms of the Constitution, as drafted in Philadelphia, was that it

• A) was too long and detailed.
• B) was far too short and required more detail.
• C) failed to guarantee property rights.
• D) failed to provide a mechanism for amendment.
• E) did not provide guarantees for individual rights.

---

Definitions:

Partnership Interest

An ownership share in a partnership that represents the holder's stake in the partnership's profits, losses, and capital.

FMV

Fair Market Value, the price that a willing buyer and seller would agree on when both parties are informed and under no pressure to trade.

FMV

Fair Market Value, the price at which a property would sell under normal conditions.

Basis

The amount of investment in property for tax purposes, used to calculate gain or loss on the sale, exchange, or other disposition of the property.