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Management Studies

Assume you have no assets and marry someone with a 1 million dollar home, and cash, investments, and other property with a total value of 9 million dollars. You and your spouse live in a community property state. Your spouse goes to Las Vegas one weekend and uses their home and assets to secure a 12 million dollar line of credit. Your spouse runs up a gambling debt of 15 million dollars. Upon finding out what happened in Vegas, you initiate divorce proceedings. How much of the casino debt do you owe and why?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91535628

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