Which of the Following Statements Is True of No-Fault Divorce

question 42

Multiple Choice

Which of the following statements is true of no-fault divorce laws?

• A) It does not consider "incompatibility" as a valid reason for divorce.
• B) It is not applicable for individuals who have served in the military.
• C) It is only granted for divorces resulting from adultery, desertion, or physical and mental cruelty.
• D) It allows for divorce to be granted on the basis of "irreconcilable differences."

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Definitions:

Sell Receivables

The process of selling a company's accounts receivable to a third party at a discount in order to obtain immediate cash.

Ending Balance Sheet

A financial statement showing a company's assets, liabilities, and equity at the final moments of an accounting period.

Bill And Hold Sales

Transactions where revenue is recognized after billing the customer while the seller retains physical possession of the goods.

Shipments

The transportation of goods from one location to another.