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

question 49

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.Mary will receive

• A)$0.
• B)$30,000.
• C)$50,000.
• D)$60,000.

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Definitions:

Gratification

A sense of pleasure or satisfaction gained from achieving something or fulfilling a desire.

Performance Results

This pertains to the outcomes or outputs produced from activities or tasks, often measured against pre-determined standards or objectives.

Participation

The act of taking part or being involved in a particular activity, process, or organization.

Membership Characteristics

The attributes, traits, or qualities that define the individuals who are part of a group or organization.