____ is the co-ownership of property in which each party owns an undivided interest in the property, and on the death of one of them, his or her interest automatically passes to the other tenant or tenants.
A. Community property
B. Tenancy in common
C. Joint tenancy
D. Tenancy by the entirety
Answer: C
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________ are responsible for administering Chapters 11 and 13 bankruptcies in designated geographic areas within the judicial district
A) Judges B) Attorneys C) Standing trustees D) None of the above
When applied to Chapter ________ cases, the Means Test does not determine eligibility; rather, it determines how much the debtor will pay unsecured creditors and the duration of the repayment plan
A) 11 B) 13 C) 7 D) 12
Which of the following is not listed in the textbook as a reason people use to not execute a will?
a. Cost b. Not enough assets to need a will c. Probate court will automatically divide assets to the benefactors d. Belief that spouses or children will automatically inherit their assets
T or F Assume that Fenton once worked for the lawfirm of Ogawa and Robles, although he neverworked on any cases involving DiSalvo. Thiswould create a conflict of interest and Fenton should not be allowed to work on the Kramer case.
Answer the following statement true (T) or false (F)