In Determining Whether a Debt Is a Business or Nonbusiness

question 52

True/False

In determining whether a debt is a business or nonbusiness bad debt, the debtor's use of the borrowed funds is important.

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Definitions:

Special Needs

Requirements unique to individuals with disabilities or health conditions that may require additional support or accommodation.

Learning Disabilities

Neurologically-based processing problems that can interfere with learning basic skills such as reading, writing, or math.

Attention-Deficit/Hyperactivity Disorder

A condition characterized by persistent difficulties with attention and/or impulsivity that interfere with performance and behavior in school and daily life.

Intellectual Disability

A developmental condition characterized by significant limitations in both intellectual functioning and adaptive behavior, originating before the age of 18.