Oregon Tax Consultants Practice Exam

Which of the following is NOT one of the six ways to dispose of property?

1. Sell

2. Abandon

3. Donate

4. Repossess

The correct answer is: Donate

The correct choice identifies a method that is not classified as one of the six traditional ways to dispose of property. When discussing property disposal, the common methods recognized include selling, abandoning, donating, and repossessing the property. However, "donate" typically falls under a different category because it is more an act of transfer to a charitable organization rather than a disposal method like the other options. Selling involves transferring ownership in exchange for payment. Abandoning means to relinquish ownership without any further claim, and repossessing refers to regaining possession of property, usually in a situation where the borrower has defaulted. While donating is a form of transfer, the context of property disposal encompasses other more transactional methods, making it less applicable in the framework of traditional disposal techniques. Thus, recognizing "donate" as not fitting into the standard list provides clarity as to why it stands apart from the other options in the context of property disposal methods.