Who is entitled to share in given assets

Assignment Help Management Theories
Reference no: EM131387690

George Washington Croom died testate. In his will Croom left various bequests of real and personal property to his children and a grandchild. In Item Eight of his will Croom stated ‘‘I leave nothing whatsoever to my daughter Kathryn Elizabeth Turner, and my son Ernest Edward Croom.''

At his death, Croom also left three optional share certificates in Carolina Savings and Loan Association issued to George W. Croom or Kimberly Joyce Croom, the deceased's minor daughter. Each of these certificates had attached to it an ‘‘Agreement Concerning Stock in Carolina Savings and Loan Association,'' which purported to create a joint account with a right of survivorship.

Two of these agreements were signed by George Croom only and the third agreement was not signed at all. None of these certificates were specifically devised by Croom's will and the will contained no residuary clause. Who is entitled to share in these assets?

Reference no: EM131387690

Questions Cloud

Explain should the will be probated : When Mrs. Pendergrass sought to have the will admitted to probate, Joe Barksdale and Olen Barksdale filed a contest on the grounds that the purported will was never duly executed, or, if executed, was destroyed by Mrs. Henry prior to her death. Sh..
In edgeworth box economy with goods : In an Edgeworth box economy with goods x, y, and total endowment of each good of 20, draw out in each case the Pareto set for the following various utility functions of each person:
Invested in a money market account : Jennifer has $5000 invested in a money market account that pays 1.5% interest compounded monthly at the end of each month. She makes deposits at hte end of each month of $500. How much will she have in the account after 3 years?
Corresponding average cost function : Your firm has a cost function C=6+4Q+Q^2. (The corresponding average cost function is AC=(6/Q)+4+2Q and the corresponding marginal cost function is MC = 4+2Q). What is the optimal ouput if the price of your product is constant at P=20?
Who is entitled to share in given assets : Two of these agreements were signed by George Croom only and the third agreement was not signed at all. None of these certificates were specifically devised by Croom's will and the will contained no residuary clause. Who is entitled to share in th..
Explain does patricia have any legal recourse : George also made a new will that named Dorothy as his sole beneficiary. Patricia was the sole beneficiary of his prior will. Through the transfers of assets and the new will, Dorothy received $570,000. Does Patricia have any legal recourse? Explai..
Are there any advantages to using both types of flip-flops : What are the minimum and maximum numbers of different binary patterns that can be displayed on the outputs?
Provide a general overview of the com historical overview : MAR 3023: Provide a general overview of the com historical overview that should bpany's current business operations, and a long be no less than 5 pages or approximately 1,200 words long.In regards to current operations, please describe the company'..
What is the depreciation expense : A project requires $84,749 of equipment that is classified as a 7-year property. What is the depreciation expense in Year 5 given the following MACRS depreciation allowances, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, an..

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd