Fact Pattern 21-1

question 9

Multiple Choice

Fact Pattern 21-1
Mary's home is in a state that has a $30,000 homestead exemption. Mary defaults on a $60,000 debt that she owes to Nina. Mary's home is sold at auction for $80,000.
-Refer to Fact Pattern 21-1. Other property Mary may own that may be exempt 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:

Behaviors

The way a person or group behaves or responds when faced with outside or inside forces.

Socialization

The process by which individuals learn and internalize the values, beliefs, and norms of their society, becoming functioning members of that society.

Human Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual, distinguishing one person from another.

Life Course

The sequence of significant events, experiences, and transitions in an individual's life from birth to death.