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SWFT Essntl Tax Individ/Bus Entities 2020

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter9: Individuals As Taxpayers

Section: Chapter Questions

Problem 14P

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Please answer both sir will rate your answer

Which of the following is true with respect to a mortgage?
O A mortgage with respect to real estate is considered an interest in land.
O A mortgage is not a contract.
O A mortgage is never considered to be an interest in land.
O A mortgage is required to be in writing only if it is associated with a pre or post nuptial agreement.

A therapist agrees to purchase a tract of land from her patient. Which of the following is true?
O Because the therapist has a fiduciary relationship with her patient, there is a presumption of undue influence
that must be overcome.
None of the alternatives are correct
There is no difference between their contract and any other contract.
Because the therapist has a fiduciary relationship with her patient. there is a presumption of duress.

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