CDFA EXAM LATEST ACTUAL EXAM 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

CDFA EXAM LATEST 2023-2024 ACTUAL EXAM 300 QUESTIONS AND

CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY

GRADED A+

The court grants a legal _______________. It grants the parties a partial divorce.

They must live apart, but the marriage is not dissolved until a divorce is granted. -

ANSWER- Separation

A ________________________ is the legal document listing provisions for peace

between divorcing couples, division of property, spousal support, and

responsibility for children of the marriage. The couple's agreement or courtordered terms are part of the divorce decree. - ANSWER- Separation Agreement

_______________ is providing a copy of the papers being led to the opposing

party. - ANSWER- Service

A _________________________ is a written contract dividing property, spelling

out rights and obligations, and settling issues such as spousal and child support and

custody. - ANSWER- Settlement Agreement

__________________ is an agreement between the parties or their counsel, usually

related to matters of procedure. - ANSWER- Stipulation

A __________________ is a court order requiring a person's appearance in court

or at a deposition as a witness or to present documents or other evidence for a case.

- ANSWER- Subpoena

A ________________ is a written notification to the defendant or respondent that

an action has been led against him or her. It notifies a spouse of his/her rights and

obligations in responding to the Complaint for Divorce. - ANSWER- Summons

_______________________ are orders granting relief between the ling of the

lawsuit and the judgment. Temporary orders are automatic in some states. They are

also called Pendente Lite Orders. - ANSWER- Temporary Orders

________________ are statements under oath by a witness in a court hearing or

deposition. - ANSWER- Testimony

_________________ is the written record of the divorce proceedings, testimony,

or depositions. - ANSWER- Transcripts

__________ is the time when a judge hears the contested permanent or temporary

issues, with supporting evidence and witnesses, in a couple's divorce decisions.

The judge may take a few hours or a few weeks to review the information

presented and issue a court opinion. - ANSWER- Trial

________________________ is when the defendant is not going to try to stop the

divorce and there are no issues for the court to decide about the children, money, or

property. - ANSWER- Uncontested Divorce

______________ is the right of the non-custodial parent to see the children.

Increasingly, states are granting this right to grandparents and close relatives. -

ANSWER- Visitation

_______________ is where the opposing counsel has the opportunity to disqualify

an expert witness. - ANSWER- Voir Dire

___________________ is a form issued by the court directing a party to respond to

a complaint, motion, or petition. - ANSWER- Writ of Summons

________________ are cash, property, investments, goodwill, and other items of

value (as defined by state law) that appear on a balance sheet indicating the net

worth of an individual or a business. - ANSWER- Assets

____________________ is a collection of financial data that includes information

on assets and liabilities. Key documents used are the Financial Affidavit and Asset

and Liability Comparison worksheet. - ANSWER- Asset Inventory

__________ is services, money, or goods owed by one party to another. -

ANSWER- Debt

___________________________ is a key document used to collect financial data;

in some states, it may be known as a "Financial Statement" and may use a standard

form. This document becomes part of the record of documents that are led with the

court. Included in the ______________________ are all income and deductions

from income, all living expenses, all assets, and all liabilities. - ANSWERFinancial Affidavit

______________________ is the procedure for determining the fair market value

of an asset when it is to be sold or divided as part of the divorce process. -

ANSWER- Appraisal

______________________ are tied to one's career (e.g., health insurance, stock

options, retirement plans, etc.) - ANSWER- Career Assets

In ___________________ states, any property not deemed "separate" (i.e., owned

before the marriage or obtained by gift or inheritance) is "community" property

and will likely be subject to a 50/50 division. - ANSWER- Community Property

___________________ means fair; does not necessarily mean equal. - ANSWEREquitable

____________________________ is a method of dividing property based on a

number of considerations (such as length of marriage, differences in age, wealth,

earning potential, and health of partners involved) to achieve an equitable and fair

distribution—not necessarily an equal one. - ANSWER- Equitable Division of

Property

___________________ is the value of a business beyond its sales revenue,

inventory, and other tangible assets: including prestige, name recognition, and

customer loyalty. - ANSWER- Goodwill

________________________ is the property held in the name of more than one

person. - ANSWER- Joint Property

__________________ means a piece of property cannot be transferred during a

pending lawsuit that may change the disposition of it once a notice has been led in

the public record. - ANSWER- Lis Pendens

_____________________________ is accumulated income and property acquired

by the spouses during the marriage subject to equitable division by the court. States

will vary on their precise definition of what is to be included in marital property,

sometimes excepting property acquired by gift or inheritance. - ANSWER- Marital

Property