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:

Medicare

A federal health insurance program in the United States for people age 65 and older, and for some younger people with disabilities.

Healthcare

A system, or series of services, aimed at maintaining or improving the health of individuals through prevention, diagnosis, treatment, and rehabilitation.

Federal Government

The national government of the United States, which consists of three branches: legislative, executive, and judicial.

Taxes

Compulsory financial charges or levies imposed by a government on individuals and organizations to fund public expenditures.