Which of the Following Is a Disadvantage of Joint Ownership

question 13

Multiple Choice

Which of the following is a disadvantage of joint ownership?

• A)Jointly owned assets avoid probate.
• B)It makes it legal for one party to "take the money and run."
• C)It discourages compromise in the case of a divorce.
• D)None of the above is a disadvantage of joint ownership.

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Definitions:

Augmenting Principle

A principle in attribution theory suggesting that if an event occurs despite the presence of strong opposing forces, we should attribute the event to the actions of the agent.

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true due to positive feedback between belief and behavior.

Self-Serving Bias

A cognitive bias that involves perceiving oneself in an overly favorable manner or attributing success to personal factors while attributing failures to external factors.

Actor-Observer Effect

The tendency to attribute one's own actions to external causes while attributing others' actions to internal factors.