11 (Mandatory) (2 points) Transmutation by commingling A) converts separate property into marital property O B) converts marital property into separate property O C) allows a spouse to preserve his or her premarital assets as separate property O D) is of particular significance in all property states Question 12 (Mandatory) (2 points) Fair market value refers to A) the price a seller is likely to get at an auction O B) the asking price O C) the price a willing buyer would pay a willing seller when neither party is under a compulsion to buy O D) none of the above