BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Payment to a divorced person by a former spouse for support and maintenance is known as
A
alimony
B
judgment
C
support payment
D
child support
Explanation: 

Detailed explanation-1: -Alimony can be defined as the financial support that is provided by one spouse to another after divorce. In most cases, it is provided when a spouse is not capable of taking care of his/her basic needs.

Detailed explanation-2: -a regular amount of money that a court of law orders a person to pay to their previous wife or husband after a divorce: alimony payments.

Detailed explanation-3: -The purpose of alimony is not to divide one’s income in order to make payments to an ex-spouse; rather, it is for the spouse who is paying money to assist the other spouse in maintaining the standard of living that was established during their marriage.

Detailed explanation-4: -An alimony payment-also called a “spousal” or “maintenance” payment in some parts of the United States-is a periodic, predetermined sum awarded to a spouse or former spouse following a separation or divorce.

Detailed explanation-5: -Understanding The Meaning Of Alimony And Maintenance In simple language alimony means: Financial support that a person is ordered by a court to give to their spouse during separation or following divorce. In simple language maintenance means: Financial support provided for a person’s living expenses no matter.

There is 1 question to complete.