In 2014,Hal Furnishes More Than Half of the Support of His

question 101

True/False

In 2014,Hal furnishes more than half of the support of his ex-wife and her father,both of whom live with him.The divorce occurred in 2013.Hal may claim the father-in-law and the ex-wife as dependents.

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Definitions:

Personal Property

Tangible, movable objects.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States.

Perfection

The series of legal steps a secured party takes to protect its right in the collateral from the other creditors who want their debt returned through the same collateral.

Security Interest

A legal claim or right granted over property to secure the payment of a debt or obligation.