Vince has begun forgetting things and is becoming very difficult to get along with. He is 85, has been ill, and is very fond of his housekeeper Annie. He gives a deed to Annie for all of his real property. At Vince's death, his children, who got only his photograph albums according to the will, ask that the deed be set aside and the land be put back in the estate for purposes of division among
all the children. What will be the probable result in this case?
a. Since Vince was 85 he was probably incompetent and the court would rule for the children.
b. Clearly Annie used her position of dominance to persuade Vince to deed her the property, and it will be set aside.
c. Unless the children can prove that Vince was unable to understand what he was doing, or that Annie used her position to improperly influence Vince, Annie can keep the property.
d. Annie will not be able to keep the property since she is not a family member.
c
You might also like to view...
Portfolio A has but one security, while Portfolio B has 100 securities. Because of diversification effects, we would expect Portfolio B to have the lower risk. However, it is possible for Portfolio A to be less risky.
Answer the following statement true (T) or false (F)
Just-in-time (JIT) delivery
A. increases storing and handling costs. B. requires customers to have high quality standards in physical distribution activity. C. is always the best approach. D. shifts responsibility for physical distribution activities forward in the channel. E. reduces customers' physical distribution costs.
Revenue is recorded at the time a sale is made, but cash receipts are recorded when money actually flows into the firm.
Answer the following statement true (T) or false (F)
The ________ is a federal statute that requires disclosure of credit terms on credit card and charge card solicitations and applications.
A. Fair Credit Reporting Act B. Fair and Accurate Credit Transactions Act C. Fair Credit and Charge Card Disclosure Act D. Fair Debt Collection Practices Act