An act that is contrary to public policy or is morally reprehensible may constitute duress

Indicate whether the statement is true or false

True

Business

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The Simone Trust reported distributable net income of $120,000 for the current year. The trustee is required to distribute $60,000 to Kent and $90,000 to Lind each year. If the trustee distributes these amounts, what amount is includible in Lind's gross income?

A. $0 B. $60,000 C. $72,000 D. $90,000

Business

Credit scores in the 500-600 range will likely result in

A) lower interest rates. B) higher interest rates. C) automatic acceptance of your credit application. D) preferential treatment of your application.

Business