1|Page
Community Property Law Final Exam Preparation
Newest With Complete Questions And Correct
Detailed Answers||Verified Exam!!!|| Newest Exam!!!
To terminate the marital economic community by
separation: - Answers-One spouse must express an intent
to end the marriage to the other spouse.
Which of the following is generally considered community
property? - Answers-The rents, issues, and profits of
community property.
A wife acquired a car during her marriage. She can
overcome the presumption that the car is community
property by demonstrating: - Answers-She purchased the
car using funds that she held before the marriage.
A husband incurred severe brain damage in a car
accident. He received a large settlement but died from his
injuries six months later. The settlement proceeds: -
Answers-Are treated as community property because the
cause of action arose during the marriage.
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Which of the following statements is NOT true of
community estate personal injury damages at the time of
divorce? - Answers-Community estate personal injury
damages are divided equally if both spouses were present
when the injury occurred.
Assume a husband is a knowledgeable salesman with a
large base of regular clients. Which of the following is
true? - Answers-The husband's professional goodwill
includes both his reputation and regular clients.
Assume a wife is a renowned plastic surgeon with her own
business. Which of the following is true? - Answers-The
wife's professional goodwill will be valued higher if the
court follows the technique of capitalization of past excess
earnings.
A wife completed an MBA program during her marriage.
The program was paid for using community funds, and the
parties did not sign any agreement which would alter the
community's equitable right to reimbursement of the funds
expended. In which of the following scenarios will the wife
be required to reimburse the community by the largest
amount? - Answers-The wife's earning capacity was
substantially increased by obtaining an MBA.
,3|Page
Property acquired during a marriage is presumed to be
community property. A wife may overcome this
presumption at the time of divorce in which of the following
scenarios? - Answers-Her husband bought the wife a car
for her birthday and titled the car in her name alone.
A husband seeks to overcome the community property
presumption regarding a beach house he acquired during
the marriage. The beach house cost $100,000, and the
husband can prove that he paid $50,000 out of separate
funds. If the house is sold for $200,000 at the time of
divorce, what will the husband's separate estate receive? -
Answers-$100,000.
Under which of the following circumstances may a court
enforce a premarital agreement that does not comply with
the Statute of Frauds? - Answers-If the promisor is
estopped from asserting the Statute of Frauds.
Which of the following premarital agreements will always
be rendered unenforceable? - Answers-An agreement that
was not entered into voluntarily.
, 4|Page
Transmutations are changes to the status of property that
spouses effect during marriage. Which of the following is
NOT a requirement for a valid transmutation? - Answers-
Extrinsic evidence that indicates the writing contemplated
transmutation
If registered domestic partners A and B take title to
property as "community property with a right of
survivorship," which one of the following statements is
true? - Answers-The property will be treated differently
from community property upon one partner's death.
Contributions to the acquisition of community property,
which are reimbursed to the separate property contributor,
include the application of separate property toward: -
Answers-The purchase price of the property and reduction
of the principal of a loan used to finance the property.
A husband purchases property and titles it to both himself
and his spouse as joint tenants. If the husband dies, which
of the following is true? - Answers-The property will be
treated as a joint tenancy.
Community Property Law Final Exam Preparation
Newest With Complete Questions And Correct
Detailed Answers||Verified Exam!!!|| Newest Exam!!!
To terminate the marital economic community by
separation: - Answers-One spouse must express an intent
to end the marriage to the other spouse.
Which of the following is generally considered community
property? - Answers-The rents, issues, and profits of
community property.
A wife acquired a car during her marriage. She can
overcome the presumption that the car is community
property by demonstrating: - Answers-She purchased the
car using funds that she held before the marriage.
A husband incurred severe brain damage in a car
accident. He received a large settlement but died from his
injuries six months later. The settlement proceeds: -
Answers-Are treated as community property because the
cause of action arose during the marriage.
,2|Page
Which of the following statements is NOT true of
community estate personal injury damages at the time of
divorce? - Answers-Community estate personal injury
damages are divided equally if both spouses were present
when the injury occurred.
Assume a husband is a knowledgeable salesman with a
large base of regular clients. Which of the following is
true? - Answers-The husband's professional goodwill
includes both his reputation and regular clients.
Assume a wife is a renowned plastic surgeon with her own
business. Which of the following is true? - Answers-The
wife's professional goodwill will be valued higher if the
court follows the technique of capitalization of past excess
earnings.
A wife completed an MBA program during her marriage.
The program was paid for using community funds, and the
parties did not sign any agreement which would alter the
community's equitable right to reimbursement of the funds
expended. In which of the following scenarios will the wife
be required to reimburse the community by the largest
amount? - Answers-The wife's earning capacity was
substantially increased by obtaining an MBA.
,3|Page
Property acquired during a marriage is presumed to be
community property. A wife may overcome this
presumption at the time of divorce in which of the following
scenarios? - Answers-Her husband bought the wife a car
for her birthday and titled the car in her name alone.
A husband seeks to overcome the community property
presumption regarding a beach house he acquired during
the marriage. The beach house cost $100,000, and the
husband can prove that he paid $50,000 out of separate
funds. If the house is sold for $200,000 at the time of
divorce, what will the husband's separate estate receive? -
Answers-$100,000.
Under which of the following circumstances may a court
enforce a premarital agreement that does not comply with
the Statute of Frauds? - Answers-If the promisor is
estopped from asserting the Statute of Frauds.
Which of the following premarital agreements will always
be rendered unenforceable? - Answers-An agreement that
was not entered into voluntarily.
, 4|Page
Transmutations are changes to the status of property that
spouses effect during marriage. Which of the following is
NOT a requirement for a valid transmutation? - Answers-
Extrinsic evidence that indicates the writing contemplated
transmutation
If registered domestic partners A and B take title to
property as "community property with a right of
survivorship," which one of the following statements is
true? - Answers-The property will be treated differently
from community property upon one partner's death.
Contributions to the acquisition of community property,
which are reimbursed to the separate property contributor,
include the application of separate property toward: -
Answers-The purchase price of the property and reduction
of the principal of a loan used to finance the property.
A husband purchases property and titles it to both himself
and his spouse as joint tenants. If the husband dies, which
of the following is true? - Answers-The property will be
treated as a joint tenancy.
