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Debt Cancellation EXAM

CPE CHANGE COURSE

DEBT CANCELLATION

DASHBOARD

Question $2vv$ of $10$

LIBRARY

The gift exception to COD income most likely applies when the cancellation of the debt is made:

From detached and disinterested generosity, affection, respect, or like impulses

Pursuant to an agreement to perform future services for the lender

In a commercial context

With respect to a loan from an employer to an employee