Which of the following is an example of community property?
A) Property acquired during the marriage through a spouse's industry or efforts
B) Property a spouse owned before the marriage
C) Property acquired by a spouse during the marriage as a gift or by inheritance
D) Property exchanged for separate property

Question

Quizplus · Accepted Answer

Property acquired during the marriage through a spouse's industry or efforts is classified as community property. Property a spouse owned before marriage or acquired during marriage by gift or inheritance is separate property. Property exchanged for separate property also remains separately owned. A number of western and southern states recognize the community property system of co-ownership of property by married couples.

Which of the Following Is an Example of Community Property