The Transfer of an Installment Obligation in a Transaction Qualifying

question 72

True/False

The transfer of an installment obligation in a transaction qualifying under § 351 is a disposition of the obligation that causes gain to be recognized by the transferor.

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Definitions:

Fifteen Hours

A specific duration of time, amounting to fifteen hours, often used to quantify tasks or activities.

Lower Grades

Refers to academic scores that fall below the expected or standard level, often indicating a need for improvement or additional support.

Borrowing

The act of receiving something with the intention to return it or its equivalent.

Registrar

An official in an academic institution responsible for maintaining student records, scheduling classes, and managing enrollments and graduations.