This year, Mr. and Mrs. Franklin paid $93,000 interest on a mortgage incurred in 2008 to build their home in Santa Fe. The average principal balance of the mortgage was $1.43 million. The home has an appraised FMV of only $1.2 million. Compute the Franklins' itemized deduction for their home mortgage interest.

Edwards Corp. lent Lark $200,000. At Edwards's request, Lark entered into an agreement with Owen and Ward for them to act as compensated co-sureties on the loan in the amount of $200,000 each. If Edwards releases Ward without Owen's or Lark's consent, and Lark later defaults, which of the following statements is correct?

A. Lark will be released for 50% of the loan balance. B. Owen will be liable for the entire loan balance. C. Owen will be liable for 50% of the loan balance. D. Edwards's release of Ward will have no effect on Lark's and Owen's liability to Edwards.

It is necessary to have complete agreement of the jury on cases, which are tried in the U.S. Circuit Court of Appeal

Indicate whether the statement is true or false.