A codicil is a formally executed addition to a will

Indicate whether the statement is true or false


True

Business

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Documents with a sequence of long paragraphs may not be very readable, but too many short paragraphs make a document _____________________________

a. long and boring b. unofficial and non-binding c. choppy and hard to use d. unfocused and amusing

Business

Minerals removed from the earth are classified as intangible assets

Indicate whether the statement is true or false

Business

John operates a small repair business and is in desperate need of a certain type of building material. He obtains the material from a large corporation, but is charged a grossly unreasonable price and is forced to buy other material he does not need. In view of the buyer's unequal bargaining power and unreasonable terms of the contract, this may be a case of:

A) in para delicto. B) partial illegality. C) substantive unconscionability. D) procedural unconscionability.

Business

Daniel is due to receive the balance of his trust fund in 5 years; as a result he has taken out a(n) ________ mortgage where he has made small payments for several years and will pay off the balance in one large payment with his trust funds

A) ARM B) graduated payment C) shared appreciation D) fixed rate E) balloon payment

Business