What is intestate succession?
What will be an ideal response?
If a person dies without a will or trust—that is, intestate—or if his or her will or trust fails for some legal reason, the property is distributed to his or her relatives pursuant to a state's intestacy statute. Relatives who receive property under intestacy statutes are called heirs. Although intestacy statutes differ from state to state, the general rule is that the deceased's real property is distributed according to the intestacy statute of the state where the real property is located, and the deceased's personal property is distributed according to the intestacy statute of the state where the deceased had his or her permanent residence. Intestacy statutes usually leave the deceased's property to his or her heirs in this order: spouse, children, lineal heirs, collateral heirs, and other next of kin. If the deceased has no surviving relatives, then the deceased's property escheats to the state. In-laws do not inherit under most intestacy statutes.
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With rulemaking, the agency must publish a notice of proposed rulemaking, normally in the Federal ____
Fill in the blanks with correct word
Tom agreed to buy Lisa's house for $1,000,000 and paid a $100,000 down payment. But as the closing date approached house prices began to drop so Tom refused to complete the deal. Lisa then resold the house for $800,000
As a result, which of the following statements is FALSE? A) Tom will get back his $100,000 B) Tom will not get back his $100,000 but that is all he has to pay C) Tom will not get back his $100,000 and he will also have to pay Lisa $100,000 more D) Tom will not get back his $100,000 and he will also have to pay Lisa $200,000 more E) Tom will not get back his $100,000 and he will have to pay pecuniary and punitive damages
LIBOR is an acronym for London Interbank Offered Rate, which is an average of interest rates offered by London banks to smaller U.S. corporations on all deposits.
Answer the following statement true (T) or false (F)
Stella goes to Lakeview Department Store to look for clothes. The store is in the process of remodeling, and there is a lot of clutter in the aisle. Stella trips over the clutter and breaks her leg. What standard of care does the store have toward Stella under the circumstances?
A) None, because she came to the store voluntarily. B) The store owes her a duty of only ordinary care, because she is a trespasser. C) Because she is a licensee, the store must warn her of hazards of which the store knows but which Stella is not likely to discover. D) Because Stella is a business visitor, the store must exercise reasonable care to protect her against dangerous conditions she is unlikely to discover.