Fact Pattern 33-3 (Questions 32-35 Apply)

question 9

Multiple Choice

Fact Pattern 33-3 (Questions 32-35 apply)
Mary's home is in a state that has a $30,000 homestead exemption.Mary de?faults on a $60,000 debt that she owes to Nina.Mary's home is sold at auc?tion for $80,000.
-Refer to Fact Pattern 33-3.Other property Mary may own that may be ex?empt from satisfaction of judgment debts includes

• A)any property that Mary wishes to exempt.
• B)investments that Mary has made in her family's businesses.
• C)recreational vehicles that Mary uses on weekends.
• D)tools that Mary uses in her trade.

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Definitions:

Social Problems

Issues within a society that are recognized by a significant number of people as being undesirable or needing improvement.

Industrial Revolution

A period of major industrialization from the late 18th to early 19th centuries that transformed primarily agrarian, rural societies in Europe and America into industrialized, urban ones.

Urban Environments

Refers to cities and towns, focusing on their social, economic, and physical structures, as well as the challenges and opportunities they present.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often leading to increased interconnectedness and interdependence.