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The intestate leaves one surviving spouse, but no child or children
The surviving spouse is entitled to:1. The personal and household effects of the deceased absolutely: "personal and household effects" are: clothing and articles of personal use and adornment, furniture, appliances, pictures, ornaments, food, drink, utensils and all other articles of household use or decoration normally to be associated with a matrimonial home, but not any motor vehicle or any other thing connected with the business or profession of the deceased; and
2. The first Shs.10,000 out of the residue of the net intestate estate, or 20% thereof, whichever is the greater; and
3. A life interest in the whole of the remainder; if the surviving spouse is a widow, this life interest ceases upon her re—marriage to any person. When the spouse dies (or re—marries, if a widow), the property subject to the life interest devolves in the order of (a) above.
1. Assume that the money market is initially in equilibrium for an economy. Explain with the aid of a diagram how the market adjusts to (i) an increase in money supply (ii
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Answer both parts of this question. Each part is worth seven and a half marks each. (a) Describe the features of the Torrens Title system of land registration and compare them t
it is for what purpose?
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How do I compute the selling price of a callable bond? I have the bond selling price if it isn''t callable, but I don''t know how the callable feature impacts the price.
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