Which of the Following Was the Result in Cameron V

question 86

Multiple Choice

Which of the following was the result in Cameron v.Ewing,the case in the text involving whether monthly proceeds from a reverse mortgage were subject to garnishment?

• A)The court ruled that the payments were not subject to garnishment because the payments did not constitute earned income.
• B)The court ruled that the payments were not subject to garnishment because the defendant's estate was ultimately liable to repay the monies received to the extent repayment could be generated from sale of the property.
• C)The court ruled that the payments were subject to garnishment based on public policy and also that the claimant was entitled to the full amount of the monthly payments.
• D)The court ruled that the payments were not subject to garnishment because it would be against public policy to find as such.
• E)The court ruled that the payments were subject to garnishment because the payments constituted debts due the defendant.

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Definitions:

Sales Volume

The quantity of products or services sold by a company within a specific period, often used as an indicator of business activity.

Return On Total Assets

A financial metric that measures the efficiency of a company in generating profits from its total assets.

Interest Expense

The cost incurred by an entity for borrowed funds, reflected as a finance charge on the income statement.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.