Which of the Following Statements About the Transfer of Debt

question 50

Multiple Choice

Which of the following statements about the transfer of debt in a like-kind exchange is false?

• A)The party relieved of debt treats the relief as boot received.
• B)The party assuming debt treats the assumption as boot paid.
• C)If both properties in the exchange are subject to debt,both parties will be treated as receiving boot.
• D)None of the above is false.

---

Definitions:

Disorganization And Despair

A psychological state characterized by a lack of order and feelings of hopelessness, often occurring after a traumatic event or during significant life stressors.

Mourning

The process and practices associated with expressing grief and sorrow for someone who has died.

Malpractice

Professional misconduct or failure by a healthcare provider to meet the standard of care, resulting in harm or injury to a patient.

Perceived Loss

The feeling of loss experienced by an individual, which may not necessarily involve an actual physical loss but can affect the person's emotional and psychological state.