Liz and Jeff Live in California,a State That Recognizes Community

question 30

Multiple Choice

Liz and Jeff live in California,a state that recognizes community property.Jeff is a machinist who makes $30,000 a year.Liz is the owner of a franchise where her take-home profit is approximately $75,000 a year.Jeff and Liz purchased a house during their marriage wherein Liz paid three-fourths of the purchase price and Jeff paid one-fourth.Which of the following statements is correct with regard to Jeff and Liz?

• A)Each owns one-half of the real property and other assets they acquire during the marriage.
• B)The community property rules do not allow Jeff and Liz to maintain separate ownership of assets they each bring to the marriage or inherit.
• C)Community property can be sold by Jeff or Liz without consent by the other.
• D)Jeff owns one-fourth of the property and Liz owns three-fourths.

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Definitions:

Ersatz-Participant

This seems to be a fabricated term that does not correspond to a widely recognized key term in the provided context. NO.

A Priori Causal Theories

Preexisting theories, acquired from culture or factors that are particularly prominent in conscious attention at the moment.

Repress Unpleasant Information

The involuntary forgetting or pushing aside of difficult or disturbing facts, thoughts, or memories.

Self-Reported Accounts

Information provided by individuals about themselves, often used in research to gather data on behaviors, attitudes, and experiences.