American College Exam HS330 Topic 1 Question 106 Discussion

Actual exam question for American College's HS330 exam

Question #: 106
Topic #: 1

All the following statements concerning property ownership by a married couple residing in a community-property state are correct EXCEPT:

AAll property that is not separate property is community property.

BCommunity property loses its identity when a community-property couple moves to a common-law state.

CProperty inherited during the marriage is the separate property of the spouse who inherited it.

DIncome earned by one spouse becomes community property.

Show Suggested Answer

Suggested Answer: A

by Levi at Jan 21, 2025, 11:39 PM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

1 days ago

I agree with Louann, because community property does not lose its identity when moving to a common-law state.

upvoted 0 times

...

3 days ago

I think the answer is B.

upvoted 0 times

...