Fact Pattern 24-2

question 20

Multiple Choice

Fact Pattern 24-2
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 24-2. Nina may recover

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

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Definitions:

Employment

The state of being engaged in a paid occupation; the relationship between an employer and an employee.

Volunteer Positions

Unpaid roles undertaken by individuals willing to offer their time and skills for the benefit of others or a cause without financial compensation.

Ethnicity

A category of people who identify with each other based on shared cultural, linguistic, or ancestral traits.

Cultural Group

A collection of individuals who share common cultural traits, such as language, customs, and traditions, distinguishing them from other groups.