Which of the following is not considered a liability?

[ec501234]

Question 1

Power of appointment:

◦ Can be formal or informal
◦ Can be a lot or a little
◦ Can be limited or general
◦ Can be specific or general

Question 2

Which of the following is not considered a liability?

◦ Credit card debt
◦ Outstanding mortgage
◦ Cottage that does not have a mortgage
◦ Medical expenses

[kmb352]

Answer 1

Can be formal or informal

Answer 2

Cottage that does not have a mortgage