Reference no: EM131052591
"Family Dispute." When Trudy and Mark married, they both had children from previous marriages. After their marriage, Trudy and Mark purchased a home together as tenants by the entirety and lived there for many years. Mark died when he was 93 and Trudy was 95. Mark's will left any property he owned to his son, Alex, who promptly told Trudy that she needed to get out of the house. Trudy told him to forget it. Trudy died a week later. Her will left everything she owned to her daughter, Samantha, who moved in the home and refuses to leave. Mandy, who had loaned Mark $10,000, has filed a claim against any heir of Mark or Trudy, including Alex and Samantha, claiming an interest in the home to satisfy the debt Mark owed her.
Which of the following would be the most likely result regarding Alex's claim to ownership of the house upon Mark's death?
a. Alex would not receive the house upon Mark's death because full ownership immediately passed to Trudy.
b. Alex would get the house as Mark's child regardless of whether Mark left it to him in the will.
c. Regardless of the form of ownership held by Trudy and Mark, Alex would get the house because Mark left all his property to Alex in his will.
d. Alex would get ownership of the house, but he would have a duty to allow Trudy to live there the remainder of her life.
e. Because of the form of ownership held by Trudy and Mark, the will could have conveyed the house to Alex only if the house was specifically mentioned; therefore, since the will simply referenced property, Alex would not get the house.
|
New business intelligence (bi) system
: Jim Honerkamp, CIO of Hillman Group, is proud of his new business intelligence (BI) system. Why not? It's much better than what came before. In the bad old days, executives looking for sales information, for example, had to ask one of Honerkamp's ..
|
|
Change in price the bond will experience in dollars
: A 6.20 percent coupon bond with ten years left to maturity is priced to offer a 7.4 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.0 percent. What is the change in price the bond will experience in dollars?
|
|
What is the standard deviation for the number of people
: Find the probability that, out of the 6 people chosen, exactly 5 people use a tax preparer. Find the probability that, out of the 6 people chosen, 4 or 5 people use a tax preparer.
|
|
Lowering stringency of a and specifying a direction
: How does simultaneously lowering stringency of α and specifying a direction for the alternative improve things while keeping N = 20?
|
|
About the family dispute
: "Family Dispute." When Trudy and Mark married, they both had children from previous marriages. After their marriage, Trudy and Mark purchased a home together as tenants by the entirety and lived there for many years. Mark died when he was 93 and Trud..
|
|
How to write a report as on moodle follow the structure
: Using the How to write a report as on Moodle follow the structure. Please ensure your report: Includes a title page including your name(s), student ID (s) subject name and number assessment title and number, plus the topic name, addressed to and t..
|
|
National cultural values-cross-cultural communication skills
: How did the differences between Japan’s and the United States’ national cultural values affect communication between Norio and Michael? What information should Michael have possessed before meeting with Norio? What can business communicators do to en..
|
|
Correlation coefficient between the returns on a and b
: A portfolio is composed to two stocks, A and B. Stock A has a standard deviation of return of 25% while stock B has a standard deviation of return of 5%. Stock A comprises 20% of the portfolio while stock B comprises 80% of the portfolio. If the v..
|
|
Depending on the length of the article
: Write a summary of the article. This should be one to three paragraphs in length, depending on the length of the article. Include the purpose for the article, how research was conducted, the results, and other pertinent information from the articl..
|