Fact Pattern 33-2Mary's Home Is in a State That Has

question 21

Multiple Choice

Fact Pattern 33-2Mary's home is in a state that has a $30,000 homestead exemption. Mary defaults on a $60,000 debt that she owes to Nina. Mary's home is sold at auction for $80,000.
-Refer to Fact Pattern 33-2.Mary will receive 

• A) ​$0. 
• B) ​$30,000. 
• C) ​$50,000. 
• D) ​$60,000.

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Definitions:

Need For Cognition

A psychological trait that describes an individual's inclination towards engaging in and enjoying thinking and analytical activities.

Critically And Analytically

Engaging with information or problems in a way that involves careful judgment and the use of logical reasoning.

Persuadability

The quality or characteristic of being easily influenced or convinced by arguments, appeals, or suggestions.

Education And Intelligence

The process of acquiring knowledge, skills, values, and attitudes through study and experiences, and the ability to apply these cognitive skills towards effective problem-solving and adaptation to the environment.