When Dividing Assets and Debt, There Are a Number of Types

question 21

Multiple Choice

When dividing assets and debt, there are a number of types of property to be negotiated. "Intangible" property refers to _____.

• A) those assets owned by both spouses or acquired jointly during the marriage
• B) those assets owned individually, such as a piece of heirloom jewelry owned by one of the spouses
• C) homes, cars, furniture, jewelry, and pets
• D) property or assets that may not have a market value, but has inherent value, such as retirement benefits, bank certificates, or stocks

---

Definitions:

Coca-Cola

A multinational beverage corporation best known for its flagship carbonated soft drink, Coca-Cola.

Six Flags

A chain of amusement parks and theme parks in North America known for its thrilling rides and entertainment.

Robinson-Patman Act

U.S. legislation aimed at preventing anticompetitive practices by producers, specifically price discrimination.

Sherman Antitrust Act

A landmark federal statute passed in the United States in 1890 aimed at promoting economic competitiveness by prohibiting monopolies, cartels, and other forms of anticompetitive behavior.