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Personal representatives powers
Personal representation shall have the following powers:1) To enforce for the deceased's estate by suit or otherwise all causes of action that survive the deceased or arise out of his death;
2) To sell all or any of the assets valued in them as they think best; however
3) To assent, at any time after the confirmation of the grant, to the vesting of a specific legacy in the legatee thereof:
4) To appropriate, at any time after confirmation of the grant, any of the assets valid in them in the actual condition or state of investment thereof at the time of appropriation in or towards satisfaction of any legacy bequeathed by the deceased or any other interest or share in estate, whether or not the subject of a continuity trust, as may seem just and reasonable to them according to the respective right to the persons interested in the estate of the deceased and for that purpose to ascertain and fix (with the assistance of a duly qualified valuer, where necessary) the value of the respective assets and liabilities of the estate, and to make any transfer that may be required to give effect to the appropriation.
SECURED CREDITORS A secured creditor may: Rely on his security and not prove at all. Surrender his security and prove for the full amount of the debt. Realise his s
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Wider-range Investments (Requiring advice in writing from a properly qualified person) Quoted shares of a company with a paid-up capital of not less than Shs10m and has
Omission to do something which a reasonable man, guided by those ordinary considerations that ordinarily regulate human affairs, would do or doing of something that a reasonable an
Steinberg Corporation and Dietrich Corporation are identical firms except that Dietrich is more levered. Both companies will remain in business for one more year. The companies' ec
The maximum possible loss method Under this method, a table is set up to compute the amounts payable to each partner. The results of the computation may be then posted into the
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(a) The market considers Intel Corp (INTC) of all these stocks to be the riskiest since it has the highest beta of 1.497408. No, this measure of risk does not include the idiosyn
Wilson Wonders's bonds have 15 years remaining to maturity. Interest is paid yearly, the bonds have a $1,000 par value, and the coupon interest rate is 12%. The bonds sell at a pri
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