Answer:
b. have a remedy of damages or rescission if this information was withheld from them
Explanation:
In business law, one of the main grounds of rescission are: misrepresentation (whether fraudulent, negligent or innocent), non-disclosure in relation to contracts of insurance, and
undue influence, duress and unconscionability.
In this case, RaeAnn and Rick have a remedy of damages or rescission if this information was withheld from them
I am guessing the answer is number three if I am correct let me know
Answer:
a. How will the $20,000 payments be treated by Fred and Tammy if covered by prior law? b. How will the payments be treated if the divorce is covered by new law? c. What is Tammy's basis in the residence? d. What role would a tax adviser play in a divorce?
Explanation:
a. For Fred, the 20,000 must be included in income. There is no deduction for paying alimony. For Tammy, the amount is not included in income.
b. If the divorce was complete prior to December 31, 2018, Fred can deduct the $20,000 payments as alimony.
If the divorce was complete prior to December 31, 2018, Tammy must include the $20,000 payments in gross income.
c. It's $100.000,00
d. Tax advisors are responsible for determining the value of property given in lieu of cash for an alimony payment.
Answer:
This has never happened to me. I would panic because that is how I work. I would be so scared to say or do anything.
Explanation:
