The type of trust that is created in someone's will is a:
a. Testamentary trust.
b. Inter vivos trust.
c. Implied trust.
d. Causa mortis trust.
A
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Merchantable means
A. legal relationship between parties to a contract. B. goods that are fit for their usual or customary purpose. C. promising that facts about a product are true. D. None of these choices.
Which of the following is not likely to function as an escrow agent in a sale of real property?
A. A paralegal B. A title company C. A bank D. A special escrow company
The Bankruptcy Code is divided into two classes of chapters, the ________ chapters and the ________ chapters
Fill in the blank(s) with correct word
Jonathan was ordered to pay alimony. He got a little behind on his payments and now wants to get those back payments modified. The court will probably ________ this request, because ________.
A. Deny; arrearages are generally not modifiable B. Grant; arrearages burden his ability to make current payments C. Deny; the recipient spouse has no vested property right in those missed payments D. Grant; Jonathan can't be penalized for his failure to comply