Albert Had a Terminal Illness Which Required Almost Constant Nursing

question 56

Multiple Choice

Albert had a terminal illness which required almost constant nursing care for the remaining two years of his estimated life, according to his doctor.Albert had a life insurance policy with a face amount of $100,000.Albert had paid $10,000 of premiums on the policy.The insurance company has offered to pay him $75,000 to cancel the policy, although its cash surrender value was only $60,000.Albert accepted the $75,000.Albert used $5,000 to pay his medical expenses.Albert made a miraculous recovery and lived another 20 years.As a result of cashing in the policy:

• A)Albert is not required to recognize any gross income because of his terminal illness.
• B)Albert must recognize $65,000 ($75,000 - $10,000) of gross income.
• C)Albert must recognize $10,000 ($75,000 - $60,000 - $5,000) of gross income.
• D)Albert must recognize $75,000 of gross income, but he has $5,000 of deductible medical expenses.
• E)None of the above.

Understand the effect of inhibitors and uncoupling agents on mitochondrial function and ATP synthesis.

Explain the electron transport chain, its components, and the role of oxygen as the final electron acceptor.

Understand the concept and application of the statute of frauds in contracts.

Identify and differentiate between primary and collateral contracts.

---

Definitions:

Spontaneous Recovery

The reappearance of a previously extinguished response after a period of non-exposure to the conditioned stimulus.

Extinction

In psychology, the gradual weakening and eventual disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of time without exposure to the conditioned stimulus.

Classical Conditioning

The process of acquiring knowledge by associating a naturally existing stimulus with one from the environment.