Eunice Jean exchanges land held for investment located in Rolla,Missouri,for land to be held for investment located near Madrid,Spain.Her basis for the land given up is $370,000 and the fair market value of the land received is $390,000.Eunice Jean also receives cash of $25,000.
Definitions:
Condylar Joint
A type of synovial joint that allows movement but restricts rotation. It's found in places like the knee and elbow.
Metacarpophalangeal
Joints located at the base of the fingers, connecting the metacarpal bones of the hand to the proximal phalanges of the fingers.
Carpalmetacarpal
Refers to the joints formed between the carpal (wrist) bones and the metacarpal bones of the hand.
Glenoid Labrum
A fibrocartilaginous rim attached around the margin of the glenoid cavity in the shoulder blade, where it helps to deepen the socket and stabilize the joint.
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