Fact Pattern 19-2 Robin's Home Is in a State That Has a $30,000

question 58

Multiple Choice

Fact Pattern 19-2
Robin's home is in a state that has a $30,000 homestead exemption. Robin de-faults on a $60,000 debt that she owes to Suburban Mortgage Company. Robin's home is sold at auction for $80,000.
-Refer to Fact Pattern 19-2.Suburban Mortgage may recover​

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

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Definitions:

Output

the result or product of a process, system, or activity, such as data from a computer program or electricity from a generator.

Location

The specific place or position where something is situated or where an event occurs.

Thumbwheel Switch

A mechanical component used to input data or values into a system by turning a small wheel that has numbers or characters on its edge.

Binary Digits

Binary digits, known as bits, are the most basic unit of data in computing and digital communications, representing two possible states: 0 and 1.