What are joes ownership rights to particular real property

Assignment Help Business Law and Ethics

Reference no: EM131391056

Joe Brown gave $350,000 to his wife, Mary, with which to buy real property. They orally agreed that title to the real property should be taken in the name of Mary Brown but that she should hold the property in trust for Joe Brown. There were two witnesses to the oral agreement, both of whom are still living. Mary purchased the property on September 2, and a deed to it with Mary Brown as the grantee was delivered. Mary died ten years later, without a will.

The real property is now worth $1 million. Joe Brown is claiming the property as the beneficiary of a trust. Mary's children are claiming that the property belongs to Mary's estate and have pleaded the statute of limitations and the statute of frauds as defenses to Joe's claim.

There is no evidence to prove whether Mary would or would not have conveyed the property to Joe during her lifetime if she had been requested to do so. What are Joe's ownership rights to this particular real property?

Reference no: EM131391056

Questions Cloud

Fire department is not nims compliant : Using the topic of "Fire department is not NIMS compliant" complete an executive summary to communicate a problem along with a proposed solution, in which you are the emergency manager the is pitching get idea to a governmental executive. Must con..

What are indolents rights in given situation : At the termination of the trust, both stocks had advanced in market value well beyond the prices paid by Collins, and Indolent demanded that Collins either account for this advance in the value of both stocks or replace the stocks. What are Indole..

Explain what they might mean to others : Are there enough resources in the world for 8-10 billion people to live decent, secure, happy, fulfilling lives? What do those terms mean to you (BE SPECIFIC). Explain what they might mean to others in our global village

What is leukemia : 1. What is Pap smear? How is it used in the early diagnosis of tumors? What is the significance of a Pap smear containing atypical cells? 2. What is leukemia? What are its clinical manifestations?

What are joes ownership rights to particular real property : There is no evidence to prove whether Mary would or would not have conveyed the property to Joe during her lifetime if she had been requested to do so. What are Joe's ownership rights to this particular real property?

Broad range of habitats and lifeforms : Darwin's voyage on the HMS Beagle and experience with a broad range of habitats and lifeforms (extinct and extant) was pivotal to his rejection of Lamarckism and identification of Natural Selection as the primary mechanism of evolution.

Down syndrome is caused by an extra chromosome : Down's Syndrome is caused by an extra chromosome at position 21. In most cases trisomy in Down's syndrome occurs during cell division. What is that phenomena called and at which stage of division does it occur? Less frequently it call also hap..

Discuss how union elections are to be conducted : Oil Service Company has an office in a remote area in North Dakota. During an uncharacteristically heavy snow, three employees in the office of Oil Service Company called the manager of Oil Service Company to say that they did not think that they ..

How should carvers estate be distributed : The codicil was witnessed by Roy White and Harold Brown. John Carver died September 1, 2009, and the will and codicil were admitted to probate. How should Carver's estate be distributed?

User Account

All Pages