In Our Society Most People Marry at Some Point in Their

question 104

Multiple Choice

In our society most people marry at some point in their lives,making marriage which of the following?

• A)the ideal
• B)the myth
• C)the norm
• D)the principle

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Definitions:

Redemption

The buying back of one’s property after it has been sold. The right to redeem property sold under an order or decree of court is purely a privilege conferred by, and does not exist independently of, statute.

Collateral

An asset that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.

Bankruptcy Petition

A formal request filed by an individual or entity seeking the protection of bankruptcy laws to resolve insolvency issues.

Chapter 7

Chapter 7 refers to a chapter of the U.S. Bankruptcy Code, under which individuals or businesses can liquidate their assets to pay off creditors.