Liabilities Include All of the Following Except

question 43

Multiple Choice

Liabilities include all of the following except

• A)this year's monthly car payments on a three-year loan.
• B)the total mortgage on a home.
• C)the amount due on a credit card.
• D)the pay-off on a student loan.

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Definitions:

Disputes

Conflicts or disagreements that arise between parties which may require negotiation or legal action to resolve.

Mediation

A form of alternative dispute resolution where a neutral third party helps disputing parties to reach a mutually satisfactory agreement.

Lawsuit

A legal action taken by one party against another in a court of law, typically to resolve a dispute or claim.

Summary Jury Trial

A shortened version of a trial conducted in less than a day before a jury. The jury’s verdict is advisory only.