What methods exist to avoid probate, or to establish non-probate property?

A) Gifts
B) Trusts
C) Contracts like life insurance and retirement plans
D) Joint ownership
E) All of the above


Answer: E

Business

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Which of the following communication network gives a flow of information among members although the people are at the end of the network?

A. circle B. wheel C. chain D. all-channel

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A shadow price (or dual value) reflects which of the following in a maximization problem?

A) the marginal gain in the objective realized by subtracting one unit of a resource B) the market price that must be paid to obtain additional resources C) the increase in profit that would accompany one added unit of a scarce resource D) the reduction in cost that would accompany a one unit decrease in the resource E) the profit contribution necessary for that item to be included in the optimal solution

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Answer the following statement(s) true (T) or false (F)

1. The Model Rules requires that contingent fee agreements be in writing, but the Model Code does not. 2. Lawyers may not share their legal fees with their paralegal/legal assistants, except for the fees that come from the clients that lawyers’ paralegals/legal assistants have personally brought to the firm. 3. Missouri v. Jenkins approves of paralegal fees being recoverable at their market rates under federal fee-shifting statutes that only mention the recoverability of attorney’s fees. 4. The key factor for whether paralegal/legal assistant fees are recoverable under fee-shifting statutes or case law is whether the attorney requesting the fees has clearly marked the paralegal/legal assistant’s work and demonstrated that it was supervised. 5. If properly supervised, paralegals/legal assistants may establish legal fees.

Business

A class of software that integrates large systems describes ________

Fill in the blank(s) with correct word

Business