Which of the Following Is True of a Common Law

question 32

Multiple Choice

Which of the following is true of a common law marriage?

• A) Both parties enjoy relaxations in the eligibility criteria in terms of minimum age and emancipation when they marry.
• B) All the rights and duties of a normal licensed marriage apply to a common law marriage.
• C) A court decree of divorce is not required to end a common law marriage as there is no marriage license or ceremony.
• D) The parties involved need not provide proof of cohabitation to establish a common law marriage.

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Definitions:

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Maker

In financial terms, the party that issues or creates an instrument, such as a check or promissory note, effectively promising to pay the amount specified.

Credit Sales

refers to sales in which the buyer is permitted to pay at a later date, commonly used in business to business transactions.

Specific Customers

Refers to the particular group or segment of customers targeted by a business for its products or services.