Defenses to Forfeiture Include

question 26

Multiple Choice

Defenses to forfeiture include

• A)necessity
• B)innocent owner
• C)claim of right
• D)legitimate business defense

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Definitions:

Common Law

A collection of law not codified but derived from court decisions and judicial rulings.

Legal Entity

An organization or structure that holds legal rights and obligations, distinct from its members or owners, such as a corporation, partnership, or trust.

Partnership Capital

The total monetary value contributed by all partners in a partnership for starting or maintaining the business operations.

Withdraw

The act of removing oneself from participation or consideration in a particular activity, agreement, or engagement.