Which of the Following Is an Equitable Doctrine Designed to Prevent

question 50

Multiple Choice

Which of the following is an equitable doctrine designed to prevent unjust enrichment and unjust detriment where no contract exists?

• A)An express contract.
• B)The doctrine of formal contracts.
• C)Implied-in-law contract.
• D)Quantum meruit.

Grasp the importance and application of the at-risk rules in determining deductible losses.

Recognize how the Alternative Minimum Tax (AMT) works and identify tax preference items.

Learn how the material participation tests affect the categorization of income and losses.

Understand the role of nonrecourse and qualified nonrecourse financing in at-risk determinations.